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US delays reunion with EU concerning online poker restrictions
- 8-4-2008
Only a week before a meeting
programmed with some EU representatives, the
Both sides were theoretically
going to meet this week in
Several European companies such as PartyGaming, owner and operator of Party Poker, Party Casino and PartyBets, 888 Holdings, proprietor of Pacific Poker and Sportingbet PLC, owner of Paradise Poker and SportingBet sportsbook were all forced to leave the profitable U.S. market last in 2006 when the U.S congress approved the Unlawful Internet Gambling Enforcement Act (UIGEA), which forbids all the U.S financial institutions such as banks and credit card companies to process payments related to online gambling activities. The withdrawal from the U.S market has caused these companies loses estimated in more than $15.5 billion only last year.
Last year,
Last year, the WTO ruled in
favor of the Caribbean nation, giving them the right to claim $21 million
annually from the

