|In a letter to several financial service and gambling companies, the British Government has stated is support for the regulation of online gambling in the US over prohibition.|
“The British Government has signaled quite clearly its support for regulation rather than prohibition of gambling by the recent implementation of the Unlawful Internet Gambling Act,” said Emily Bourne, Private Secretary for the Department for Business Enterprise and Regulatory Reform.
During a recent visit to Washington, European Union Trade Commission Peter Mandelson said that the US Congress should either open its market to overseas operators or compensate Europe for blocking the American gambling market to European operators.
“You will no doubt have been encouraged to read the recent media reports of Commissioner Mandelson’s visit to Washington, which the Secretary of State thinks reflects the level of interest at the Commission in the US’s approach to gambling,” wrote Bourne.
Trade experts acknowledge that legislation introduced by Representative Barney Frank, the Internet Gambling Regulation Enforcement Act (IGREA), could resolve the potential $100 billion gambling dispute and bring the US into compliance with international trade agreements.
“Rather than negotiating away settlements that could negatively impact the US economy, the Administration and US Congress should seek a more sensible policy solution and regulate Internet gambling,” said Jeffrey Sandman, Spokesperson for the Safe and Secure Internet Gambling Initiative.
“Regulation of Internet gambling could bring the US into compliance with WTO requirements, protect consumers and generate billions in revenue needed for critical government programs.”