$7.5 Billion Worth of Online Casino Money
How long will Americans keep on loosing huge money that ends up in places like Antigua and Barbuda?
The industry’s Canadian-based Interactive Gaming Council estimates that thousands of cyber casinos last year raked in around $7.5 billion - half of it, at least, from Americans.
At last count, 77 nations were doing just that, and a lot of those legal Web sites are state-owned operations. Not all of those nations are Caribbean sand specks either. The list includes many of the world’s modern democracies, including Canada, Australia, the U.K. and most of the rest of the European Union. Even China and Russia are at the brink.
The United States cannot much longer stand alone against such a global tidal wave.
That, in effect, was what the World Trade Organization told the United States the other day when it ruled in favor of tiny Antigua and Barbuda in an Internet gambling restraint-of-trade case against the United States.
From Kansas City Star