There is plenty of room for optimism during the month of October, though it remains to be seen whether online gaming operators and enthusiasts can celebrate exactly one year after passage of the Unlawful Internet Gambling Enforcement Act that practically crippled portions of the billion dollar industry.
A US Judge will be reporting back on her findings as to whether a Temporary Restraining Order will be issued to prevent enforcement of the UIGEA. A favorable outcome in this matter will at the very least buy more time for the burgeoning industry.
iMEGA founder, Joe Brennan, Jr., has already made it abundantly clear that his trade association has been set up to protect its members privacy. "We are a 501 (c) 6 trade organization. This gives the association an opportunity to have standing to lobby on behalf of our members and to maintain their privacy."
Next on the agenda is the World Trade Organization matter involving Antigua and its win against the United States. The WTO found in favor of Antigua, which claimed US actions against online gambling interfered with its own lucrative betting industry. The World Trade Organization also found that by exempting horse racing from the UIGEA, the US was engaging in "Protectionism".
The US government is coming under increasing pressure by other nations to abide by the WTO decision or risk severe penalties. Specifically online gaming sites established in the European Union are claiming that the United States owes about $100 billion in trade concessions to the EU to make up for its ban on online gambling companies.
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