Lost revenues as a result of the U.S. ban on Online gambling
$3.4 billion -Â Thats the price tag Antigua and Barbuda, the island nation which successfully argued that the United States was violating its obligations to open its market to foreign online gambling providers, puts on its lost revenues as a result of the U.S. ban on some Online Gambling. They are seeking to recover the money by withdrawing the protection they provide for American intellectual property. The idea behind this sort of action is to harness the power of a powerful lobby group (in this case, Hollywood and the software industry) to counteract the influence of anti-Internet gambling groups: If intellectual property owners are caught in the cross-fire of the dispute, maybe the United States government would feel more pressure to comply with the series of rulings against current U.S. regulations. The push to seek compensation through the World Trade Organization comes just one day after the European Union has indicated it wants compensation for the loss of market access, but through further opening of other sectors in lieu of lifting the ban. When the United States announced last month that it was responding to their loss at the WTO by seeking to clarify its commitments, they indicated that they would not provide compensation to Members harmed by the ban, as is called for by WTO rules. The USTR had reasoned that since they never intended to allow Internet gambling in the first place (suggesting that their commitment to do just that was an oversight), then Members could not expect to receive any sort of compensation in return for solidifying the ban. Antigua is the only country with standing for sanctions right now.