Antigua and Barbuda Seeks US Gambling Trade Dispute End

Antigua and Barbuda Seeks US Gambling Trade Dispute End

Gaston Brown, Prime Minister of Antigua and Barbuda, who brought up the united states’s trade dispute with the US at the United Nations General Assembly final month. (Image: winnfm.com)

Antigua and Barbuda, the tiny twin-island Caribbean country which has been in an online gambling trade dispute with the usa for the decade, is to enter into talks once the two edges seek to maneuver towards a remedy. The move follows a meeting involving the islands’ Prime Minister Gaston Browne and US Trade Representative Michael Froman.

The David and Goliath battle started when Antigua and Barbuda objected to the block imposed by the federal government on its very own citizens from using the islands’ online gambling services. An international treaty, drawn up by the WTO in 1995, which is designed to remove barriers to trade in 2003, Antigua and Barbuda complained to the World Trade Organization (WTO) that America’s stance contravened the General Agreement on Trades and Services ( GATS.

The result, which likely embarrassed the US and surprised probably also Antigua and Barbuda, was that the WTO sided utilizing the islands, ruling, in March 2004, and then again in 2007, that by refusing market that is full to online gambling operators on the islands, the US, a paid-up member associated with the WTO, was in breach of its treaty obligations.

$3.4 Billion in Trade Sanctions

Buoyed by its success, Antigua and Barbuda filed a claim for $3.4 bi Read More

New Jersey Sports Betting Law Approved as Sports Leagues Sue

New Jersey Sports Betting Law Approved as Sports Leagues Sue

Governor Chris Christie has finalized a bill that is new could allow for sports gambling in New Jersey beginning just as this coming Sunday.

A nj-new Jersey sports betting bill was signed into legislation last week by Governor Chris Christie in what generally seems to be the War for the Roses between the Guv and major league sports. The new law would allow for sports betting at race tracks and casinos throughout the state after being passed by legislators last week.

On Monday, the NCAA and the four major professional sports leagues in America filed a motion so as to stop sports betting from on offer until their challenge that is legal to bill are heard.

If this all noises familiar, that’s because these are just the latest salvos in a battle within the state of the latest Jersey’s attempts to discover a means to permit Atlantic City casinos and racetracks statewide to offer sports betting services, despite the federal ban in place through the Professional and recreational Sports Protection Act (PASPA).

That law, passed away 22 years back, banned sports that are state-regulated in all states other than Nevada, Delaware, Montana and Oregon, which had already regulated the gambling activity.

Christie Walks Thin Line in Signing Bill

In August, Christie vetoed two bills that are different would have legalized activities betting in their state, saying that efforts to accomplish so will have to be carefully crafted to ens Read More

Sportsbooks Celebrate Permanent Results from Busy Betting Saturday

Sportsbooks Celebrate Permanent Results from Busy Betting Saturday

Mayweather-Pacquiao was the draw that is biggest for a busy day in sports betting.

Sports bettors rarely have days like this previous Saturday.

Not only was the long-awaited fight between Floyd Mayweather Jr. and Manny Pacquiao held, getting an unprecedented number of bets on a boxing match, but that battle came by the end of a very busy day in the sports world.

That made it a day to remember for fans, bettors, and maybe the majority of all, sportsbooks.

All long, there were events to be bet on day. There was clearly playoff hockey early on, as the Capitals to even up their show at one game each.

Later in the evening, there was the thrilling game seven encounter between your San Antonio Spurs plus the Los Angeles Clippers; a big performance by Chris Paul sent the Clippers to the round that is second.

And there was a good amount of baseball all long, including a clash between the Yankees and the Red Sox, a matchup that always generates plenty of attention day.

Kentucky Derby Won by American Pharoah

But there were two big events that really drove the betting action on Saturday. First, there was clearly the Kentucky Derby, the first of the annual Triple Crown horse races.

The race was won by favorite American Pharoah, who finished a length ahead of Firing Line while second choice Dortmund came in third.

Since the three horses that completed into the cash were the 3 top favorites, that meant plenty of racing fan Read More

North Carolina Sweepstakes Operators Backing Out to Steer Clear Of the Law

North Carolina Sweepstakes Operators Backing Out to Steer Clear Of the Law

North Carolina authorities have already been battling with sweepstakes operators into the continuing state for years.

North Carolina may not leap to a lot of people’s minds when they think of contentious US gambling issues. But the reality is, sweepstakes cafes are a major issue in numerous states, and nowhere has got the battle of these establishments been more prominent than in North Carolina for yesteryear eight years.

Now, the state seems to have won a victory that is major what it says are illegal gambling organizations, as six software providers have actually agreed to stop operating there.

That announcement came from US Attorney Thomas Walker, who says it is the result of a deal reached between his office while the six organizations. Under that understanding, Walker won’t be prosecuting any of the organizations or the individuals that have them, offered they completely cease operations by 1 july.

The six organizations combined operated in over 600 places in new york. They include White Sands tech LLC, Sierra Software LLC, TNT Software LLC, Digital Reveal LLC, Figure 8 Technologies Inc., and HSV Entertainment LLC.

‘We wish this step will be a step that is big in ensuring conformity with vermont’s gambling laws,’ read a declaration from Walker. ‘Our office is willing to assist the state in enforcing scale that is large of this legislation.’

Fight Started in 2006

North Carolina authorities Read More

Caesars Entertainment Money Laundering Allegations Could Cost Operator Millions in Fines

Caesars Entertainment Money Laundering Allegations Could Cost Operator Millions in Fines

Caesars is likely to pay a fine of between $12 million and $20 million for failing to implement anti-money that is proper measures at their flagship Las Vegas property.

Caesars Entertainment Corp. could be subjected to millions of dollars in fines as the company tries to settle money laundering allegations it faces from the government that is federal. The video gaming operator happens to be in talks with US authorities over how to settle the claims, which could result in a fine somewhere in the array of $12 million to $20 million.

Talks, which are carried out involving the Financial Crimes Enforcement Network (FinCEN) of the US Department of this Treasury, were most recently held on 29 and were revealed in the company’s latest Securities and Exchange Commission filing april. A federal grand jury investigation in to the allegations is also ongoing.

‘The company and Caesars Palace have already been completely cooperating with both the FinCEN and jury that is grand since October 2013,’ Caesars said in its filing.

Investigation Began in 2013

Back 2013, FinCEN first informed Caesars it was investigating the ongoing company for alleged violations of this Bank Secrecy Act, an anti-money laundering law. During the time, it was unclear what, if any, penalties would emerge from the research.

FinCEN has long felt that casinos have done a poor job of preventing money laundering at their establ Read More