EU Join Antigua In The Fight For Gambling
Antigua is a tiny island in the Caribbean that challenged the United States over the U.S. legal situation that effective barred online gambling and several other forms of online gambling. 
Antigua charged the United States with a treaty violation under international trade laws and is now seeking compensation of its losses in the U.S. market. Now The European Union joined Antigua in its case against the United States and is also seeking compensation for their members losses. The United States enacted the Unlawful Internet Gambling Enforcement Act in October 2006 which prevents financial companies from processing the financial transactions between U.S. players and their gaming companies. Stock exchange listed companies immediately departed from the United States market, which accounted for over half of the industry revenues. The law basically closes the U.S. market to foreign gambling companies which is what Antigua considered to be a breech of international trade laws. The World Trade Organization (WTO), which oversees international trade disputes, has extended the case until December. The gambling world is watching this case looking for some indication of a change in the U.S. stance against online gambling. Many gaming companies experienced huge financial losses and are still recovering financially from the loss of the U.S. market.