Feeds

US-EU online gambling haggle extended

Mission of Mandy

Build a business case: developing custom apps

The US now has until 14 December to come up with a trade compensation scheme for the blow its curbs on internet gambling have dealt EU firms.

Politicos have effectively imposed a trade embargo that bans foreign firms from playing in the US's multibillion dollar gaming market. It has sent their stock tumbling.

Talks between US and EU officials have not delivered a settlement yet, though the US must offer compensation under its World Trade Organisation obligations, or could face sanctions.

EU trade commissioner Peter Mandelson is due in Washington in early November, and is expected to push Congress to cough up for the loss of business to European firms. They want $100bn, it's been reported.

Reuters reports today that some online gambling companies want Mandelson to tell Congress to overturn the ban, or face his wrath. Massachusetts Democrat Barney Frank has led calls Stateside to bin the legislation, which was passed last October.

The Congressman, chair of the House of Representatives Financial Services Committee, has proposed laws to overule the restrictions, but found little support. The European Commission has confirmed Frank and Mandelson will discuss the stand-off. ®

Build a business case: developing custom apps

More from The Register

next story
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Amazon says Hachette should lower ebook prices, pay authors more
Oh yeah ... and a 30% cut for Amazon to seal the deal
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
Chips are down at Broadcom: Thousands of workers laid off
Cellphone baseband device biz shuttered
Feel free to BONK on the TUBE, says Transport for London
Plus: Almost NOBODY uses pay-by-bonk on buses - Visa
Nintend-OH NO! Sorry, Mario – your profits are in another castle
Red-hatted mascot, red-colored logo, red-stained finance books
Twitch rich as Google flicks $1bn hitch switch, claims snitch
Gameplay streaming biz and search king refuse to deny fresh gobble rumors
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Maximize storage efficiency across the enterprise
The HP StoreOnce backup solution offers highly flexible, centrally managed, and highly efficient data protection for any enterprise.