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The Antiguan Government is set to resolve its decade long dispute over online gambling this January 2016 according to the website CalvinAyre.com.
Antigua Foreign Affairs Minister Charles Fernandez addressed reporters this past week saying that his government was leaning towards accepting a U.S. offer, without providing any specifics as to what that offer entails.
The dispute began 13 years ago when Antigua ranked among the leading online gambling jurisdictions. It claimed that U.S. authorities had engaged in heavy handed practices resulting in a massive revenue decline in the sector, thus adversely affecting Antiguan’s economy.
The World Trade Organization went on to authorize the Caribbean nation to collect an annual $21m from the US to offset the impact of the U.S. ban. To date, the U.S. has failed to pay a penny to Antigua.
CalvinAyre.com noted that Antigua’s new Prime Minister Gaston Browne “has made good-faith offers that would cut the US’ financial obligation in half, but while talks were said to be progressing, no tangible progress has been publicly disclosed”.
- Gilbert Horowitz, Gambling911.com
