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- Lawmakers recommend the U.S. stop investigations regarding EU gambling firms
Lawmakers recommend the U.S. stop investigations regarding EU gambling firms
- By Johanes Tarbut
- Published 08/7/2008
- Online Poker , Gambling , Sports Betting
- Unrated
Two renamed
"In all likelihood,
this issue will escalate and I understand could result in WTO action focused
specifically on how the
Some European online gambling
companies and online poker sites have lost billions of dollars and have seen their shares going to the
floor after Congress decided to shut down the
Many publicly traded
European companies, including PartyGaming, bwin and 888.com
were forced to leave the U.S market after Congress passed the Unlawful Internet
Gambling Enforcement Act in 2006, however, the U.S continues with a possible
criminal prosecution for activities before the bill was passed. That provoked the
European
Commission to start a formal investigation to determine if
Rep Steve Cohen sent letter
to Mukasey on July 29th saying that the Justice
Department does not have a good motive why to investigate and
prosecute what he called "foreign operators who respected congressional
intent in 2006 and withdrew from the market, while
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