EU accepts US offer

kaus · #1 12-17-2007, 05:56 PM

http://www.ft.com/cms/s/0/65e02eee-a...0779fd2ac.html

here is another link with an explanation to which areas they have been compensated

http://www.forbes.com/markets/feeds/...fx4446658.html

gPowell · #2 12-17-2007, 06:20 PM

Thanks for the update Kaus, a step in the right direction!

SmackDog · #3 12-17-2007, 06:31 PM

A step in which right direction. This looks to me as though the door is closing even tighter to reopening the online gambling market to the US.

Foreign leverage was really one of the last big sources of leverage to get this thing turned around. I guess now we must wait to see how Barney Franks bill will turn out.

Anyone know when that is going to the Senate floor?>

PPP · #4 12-17-2007, 07:24 PM

It's basically bad news. That the US admits compensation is appropriate is a small victory, but the online gambling sector got zip out of the settlement so that is quite bad.

SmackDog · #5 12-18-2007, 01:00 AM

This is so frusterating. Makes me want to throw in the towel... again!

Someone please give me some hope that this will turn around.

Or just put me out of my misery.

geoffvro · #6 12-18-2007, 02:01 AM

I'm not surprised, and I think the assholes looking for some huge payout to Antigua will be surprised at how low the compensation is. Sorry guys, but I'm from the U.S., and I'm a poker affiliate but this is all horse shit. They have a $1 billion dollar economy, and their gambling market was affected by the departure of 888.com - not the UIGEA.

How many people think that the U.S. removing gambling from recreational services was illegal? If you answered yes, well than you're wrong. So many people on the boards reported that the actions of the United States was illegal when they were not. The U.S or ANY NATION is permitted to back out of trade obligations in exchange for compensation. Well guess what - that's what is happening now.

Antigua made it a point to argue that individual states in the United States were obligated to allow online gambling services, and the WTO agreed with Antigua in their ruling. This is why the U.S. pulled their commitment to gambling under recreational services. The ensuing shit storm would have been huge, not to mention that over 3/4 of the states asked to have the gambling commitment revoked anyways.

You guys want to blame somebody for this whole mess than blame Antigua, because they got the ruling they wanted, and now we'll all deal with the aftermath.

Happy Holidays Everyone, And Drive Safe

PokerProp · #7 12-18-2007, 12:14 PM

Perhaps I just don't like change all that much.
I've been working my ass off since UIGEA took place and right now I could not be happier with the industry. I feel like there is a never ending amount of work that can be done and many niches to still be captured.
I stopped reading about, thinking about, following, listening to, speaking or writing about anything to do with WTO, UIGEA and things related around March.

Now I feel I just don't want things to change again. I'm extremely focused and the results are good and the potential is even greater, I think the future looks bright right now as is.

If its brought to my attention the situation my knee jerk reaction now is that I hope everything stays as is.

Perhaps change is a good thing, but I'd just as well prefer a few years passes before anything changes because I'm extremely confident I'm only a few years away from being set for life and it will be easier (perhaps more comfortable is the word) to deal with change then.

Its interesting now to reflect on how I felt when this first happened, total panic and anxiety, to how I feel now (I could care less and am in many ways glad it happened because it motivated me to work harder than I ever would have). I'm sure glad I re-framed the situation fast.

I'm not writing this long post just to brag about life being good. My eyes are blood shot because I am working 16 hours per day, my house is a mess, I haven't showered in 3 days and I got all my Christmas shopping still to do. For right now anything I've made I've more than earned but in the long run I know it will pay off a zillion times over.
My point is that anyone upset over some news, should just really clear their head and then refocus the situation.
There is a saying something like (forget how it goes) "You can complain and make excuses or you can go to work and make a lot of money. Unfortunately you can't have both."
Anyways its something like that, and I think that saying, whatever it is, is good advice.

corpfan1 · #8 12-18-2007, 02:10 PM

Solid post PokerProp!

kaus · #9 Yesterday, 09:14 PM

Think they have a leg to stand on?

http://www.reuters.com/article/ousiv...BrandChannel=0

PPP · #10 Yesterday, 10:13 PM

It would seem so. The US just made a concession that concedes an inequity existed. It's a very good point, even if there is a long road to go down to win.