EU now wants U.S. gambling law changed
A top European Union trade official says the U.S. Online gambling law discriminates against European companies by preventing them from offering services in the American market, and he is demanding compensation from the U.S. or a repeal of the bill. Allow Online casino games companies overseas, such as CasinoTropez.com - to operate here, or compensate for lost revenues of as much $100 billion, said EU trade commissioner Peter Mandelson during a visit to Capitol Hill last week. *What we need to see is a change in U.S. legislation that removes that discrimination against EU operators,* Mandelson told reporters. *It’s not in the interest of American consumers to have good responsible competitors in this market excluded by regulatory mechanisms.* 
Mandelson said that the United States should pay the European Union and other countries compensation for violating World Trade Organization rules by banning Online gambling or open its doors to trade. He also met with U.S. Representative Barney Frank, D-Mass, to discuss possible legislative solutions to a trade dispute over online gambling. The European Union and other trading partners have been in compensation talks with the U.S. over the U.S. governments decision to retroactively remove gambling services from the market- opening commitments it made as part of the 1994 Uruguay Round world trade agreement. EU and U.S. leaders are in settlement talks but have not agreed on the size of the concessions. If they do not come to an agreement, the EU could demand a binding arbitration before a WTO panel. More news about this coming soon……