Donâ€™t discriminate us! Thatâ€™s the cry of many European online gambling companies hurt by the decision of US in 2006 to bar American banks and credit card firms for transferring payments to online betting companies operating outside its territory.
According to a news article, the powerful 27-nation European Union is investigating the Internet US gambling laws for any sign of violation under world trade rules. This probe could lead to a formal lawsuit at the World Trade Organization.
Estimated to generate $15.5 billion in revenues every year, itâ€™s understandable why everybody wants to have a share in this lucrative business. Since the ban, the bottom line of many companies suffered.
Though US has the power to curb offshore betting as a way protect the public, EU companies believe there is an unfair treatment since American online betting companies are allowed to continue their operations in different games such as horse and dog racing.