The Remote Gambling Association, the body representing European online casinos, has filed a complaint against US online casinos.
This is alleging that the passage of the Unlawful Internet Gambling Enforcement Act in 2006 effectively restrained trade and was a protectionist action. The complaint also claimed that the UIGEA passage allowed US interests to continue activities forbidden to overseas competitors.
There is plenty of evidence to prove the damage done by the congressional action. The London Stock Exchange plummeted when Senator Bill Frist passed out shares in internet casinos that traded publicly on the London Stock Exchange.
Partygaming stock dropped over 58 per cent in one day and Sportingbet fell 64 per cent. Both of the companies are now currently worth less than a fifth of their previous value. Other online gaming businesses have had company executives harassed and even arrested by American legal representatives.
The Remote Gambling Association, the body representing European online casinos, has filed a complaint against US online casinos.
This is alleging that the passage of the Unlawful Internet Gambling Enforcement Act in 2006 effectively restrained trade and was a protectionist action. The complaint also claimed that the UIGEA passage allowed US interests to continue activities forbidden to overseas competitors.
There is plenty of evidence to prove the damage done by the congressional action. The London Stock Exchange plummeted when Senator Bill Frist passed out shares in internet casinos that traded publicly on the London Stock Exchange.
Partygaming stock dropped over 58 per cent in one day and Sportingbet fell 64 per cent. Both of the companies are now currently worth less than a fifth of their previous value. Other online gaming businesses have had company executives harassed and even arrested by American legal representatives.
