The battle over online gaming continues...

100 Billion dollars is a lot of money--there's no denying that. And when it comes to the World Trade Organization, it certainly won't go ignored. So now that the battle has ensued over the United States online gambling ban and the loss of trade for those in the WTO, it comes time to dig in for the long haul.

The trade dispute between Europe and the U.S. over the fast-growing online gaming industry heated up this week when Europe's trade director came to Washington and stated that the U.S. Congress should either open its market to overseas operators or compensate Europe for blocking the American gambling market to European operators. After the WTO ruled that the U.S. had violated trade rules in barring Antiguan online gaming operators from the U.S. market, the U.S. withdrew its WTO obligations with regard to free trade in the gaming area.

The U.S. withdrawal--something that never before had happened in the 12-year history of the WTO--allows Europe and other countries to demand trade concessions up the size of the entire sector on an annual basis. Because the U.S. gaming industry is worth $100 billion, they theoretically could seek that amount in trade concessions.

LLllllllet's get rrrrready to rumbbbbbleeeee.......

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