Last Hope is Antigua-Barbuda

Europe’s gaming companies are seeing their share prices fall this morning as it is disclosed that the European Union agreed to a settlement with the United States in compensation for closing the US gambling market to foreign firms.

The commission said in a statement this morning that “A bilateral agreement was signed in Geneva, which provides EU service suppliers with new trade opportunities in the U.S. postal and courier, research and development, storage and warehouse sectors.” There were also further concessions in the testing and analysis services sector.

European gaming companies had hoped that the EU would reject compensation offers and instead push for an opening of the US gambling market.

It appears that the EU isn’t really interested in anything more than the bottom line and that shouldn’t come as a shock. But it sure is in the disappointing class.

Salvation or prayers remain with the tiny Caribbean nation with the odd name. There is no settlement possible there that compensates them for the revenue hit they’ve taken.

This entry was posted on Monday, December 17th, 2007 at 3:40 pm and is filed under Pols and other Crooks, poker legislation. Responses are currently closed, but you can trackback from your own site.