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GOOD FOR POKER.... Keep Poker Legal  | 
12-24-2007, 02:45 AM
| | | |  GOOD FOR POKER....
OR BAD FOR HORSE RACING???
The United States and the European Union have reached a settlement agreement stemming from a complex trade dispute over the ability of foreign companies to take Internet bets from U.S. customers.
The settlement has implications for the horse racing industry because the U.S. is involved with other countries in the dispute, and there is a remote possibility that a settlement with them could include either allowing all forms of wagering over the Internet or banning all types of Internet gambling, including on horse racing. Currently, a legislative exemption allows Internet betting in the U.S. only on horse racing.
The dispute arose when Antigua successfully challenged the U.S. position on Internet gambling under an agreement with the World Trade Organization. The U.S. government had said that gambling operations in Antigua could not take bets from U.S. residents, but the WTO ruled that the United States could not prohibit overseas countries from taking bets in the U.S. because Internet gambling on horse racing was legal in this country. As a result of that ruling, the U.S. said it would no longer abide by the WTO's treaty on international trade with regard to Internet gambling. Consequently, the European Union, Antigua, and several other countries said that the U.S. was required to provide compensation for loss of services.
Under the settlement with the E.U., announced on Wednesday, the U.S. will broaden its commitments for international trade in several areas. The U.S. still has not reached a settlement with Antigua and other countries.
__________________ 2007 THFSOP LIMIT HOLD' EM CHAMPION | | |
12-24-2007, 03:27 AM
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One way it is good to a stanard equal across the board. Gives all games of chance a possible foothold if done right. Also open up more places to place bets.
Hope it goes all to solving the headaches we got now. | | |
12-24-2007, 03:39 AM
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 I've been reading bits and bobs of that case this month. From what I read and understand Antigua asked for compensation of $3.4 Billion. They really wanted US compliance and partial access to US bettors. The case was settled on Friday I think. No compliance and a $21 million payout for Antigua.
__________________
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May/June '07
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Nov/Dec '07
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12-24-2007, 03:11 PM
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Quote:
Originally Posted by 7letters  I've been reading bits and bobs of that case this month. From what I read and understand Antigua asked for compensation of $3.4 Billion. They really wanted US compliance and partial access to US bettors. The case was settled on Friday I think. No compliance and a $21 million payout for Antigua. | so does that mean that the cas eis now closed and that antigua is payed off wow hard to think they actually payed as the money hungry goblins of the us dont like giving money out but the opposite really.and here they are trying to say no to the world trade orginazation because they arent getting any of the money americans are winning.
man does that really show how sick us has become over the money issues.
really sad.
ok wont rant anymore.
thanks for the info on this and will checking on more info. | | |
12-24-2007, 09:10 PM
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Well, I didn't pay to much attention to it to be honest. It just happened to be reported on a poker news page I look at regularly.
As I understand it, in real terms Antigua lost the case. They had hoped that the US would comply to the WTO, giving Antigua access to US bets(which they have lost due to the online gambling legislation) Antigua asked for $3.4 billion compensation, expected $1 billion and got $21 million and no compliance.
A different outcome may have looked good for the future of all online gambling.
I only scanned the paragraphs really.
__________________
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.... Sunday Lge Team Champs
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12-26-2007, 08:21 AM
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Betting on horses can get expensive. To be honest I don't know why people bet on horses. It's like betting with someone on who blows the first fart. Now poker is the real deal because you get to predict your own outcome. Yeah you may get beat on the river, but I would rather have that happen than betting on a horse to win. I really don't know what this post is about, but this is my opionion
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Thats the bottom line!
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12-26-2007, 08:43 AM
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In order to keep horse racing being bet across State lines if I remember correctly is the big part of this.
The sport of kings is the appropiate name for horse racing,youd be amazed to see how many of the rich and famous own horses or are tied to them in one way or another.
__________________ RULES ARE MADE TO BE BROKEN BANNED FOR LIFE | | |
12-26-2007, 08:52 PM
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Quote:
Originally Posted by xtra In order to keep horse racing being bet across State lines if I remember correctly is the big part of this.
The sport of kings is the appropiate name for horse racing,youd be amazed to see how many of the rich and famous own horses or are tied to them in one way or another. | Very true there with the horses (Queen of England has a string). Since poker is considered betting it gets tied into the same knot. Just hoping standards can be put across the board for all of us (rich or poor).
Betting in any way is elegal in many parts of the world. So we are lucky compared to them. So if the USA goverment can come to an understanding in this accord. They may realize the amount of cash flow every one can get and benifit from (sort of like booze and cig taxes). If the rich anf famous stay in the lime light it is good for all.
Step on a rich person's toes, they go else where. Money and all!
As long as there is talk there is a chance for allot of improvement. | | |
12-26-2007, 11:01 PM
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Quote:
Originally Posted by cow344 Very true there with the horses (Queen of England has a string)... | Strange thing for you to say. She is your Queen too you know!  (Unless BC has declared independence and it didn't make our TV).
Of course you could also just say The Queen, everyone would know who you meant, just like there is only one The Derby, it is NOT called The Epsom Derby, except by the ignorant. | | |
01-05-2008, 05:31 PM
| | | | update
21, 2007
Amy Calistri
Today, the World Trade Organization released the decision by the Arbitrator on the case of United States – Measures Affecting The Cross-Border Supply Of Gambling And Betting Services. The 89-page decision awarded Antigua and Barbuda an annual $21 million compensation claim against the US and also approved of Antigua's right to suspend its recognition of US copyright and trademark laws to an amount that does not exceed the value of its claim. Neither country can appeal today's decision.
While Antigua's dispute with the US was hard fought and won, the WTO decision is a far cry from the annual $3.4 billion that Antigua was seeking. Although the US was pushing for a mere $500,000 award without granting the WTO's permission to suspend intellectual property agreements, the US was understandably pleased. A statement from the Office of the US Trade Representative said, "Antigua's claim was patently excessive. The United States is pleased that the figure arrived at by the arbitrator is over 100 times lower than Antigua's claim. Because the United States is already taking steps to bring itself into compliance by clarifying its WTO commitments with respect to Internet gambling, the Arbitrator's award issued today is not paramount."
The crux of the award determination was the Arbitrator's decision to adopt a "counterfactual case" that clearly favored the US cause. A counterfactual case is one that best reflects an agreement the two parties likely would have developed had they been able to do so amicably. In this dispute, the WTO sided with the US' affirmation that they never would have agreed to allow Antigua unrestricted access to all online gambling markets. The counterfactual case that the Arbitrator decided on was one that would have allowed Antigua access only to the US online gambling market associated with horseracing.
Antigua's lawyer Mark Mendel was critical of the Arbitrator's damage calculation methodology, but focused on the silver lining of cross-retaliating by suspending the intellectual property rights of U.S. business interests. He said, "$21 million a year in intellectual property rights suspension going forward indefinitely is not such a bad asset to have," he said.
While a financially shallow decision, the case still represents a landmark victory for Antigua. The dispute initiated by the tiny island nation in 2003 represents the first time another WTO country was able to defeat the US, the largest WTO member, in the international trade court. It also represents the first time that the US has formally withdrawn from a General Agreement on Trade in Services (GATS) commitment. The US "clarified" its online gambling commitment in May 2007 after the WTO sided with Antigua, determining that US online gambling laws were discriminatory and violated its commitments under the trade agreement. This opened up the door for compensation claims by all affected WTO trading partners. Earlier this week, the US settled related claims with the European Union, Canada, and Japan. The US is still in talks with Macau, Costa Rica, and India. | | | Thread Tools | Search this Thread | | | | 
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