Posts Tagged ‘antigua and barbuda’

Hurricane Earl Spares Online Gambling Friendly Island, Antigua & Barbuda

Wednesday, September 1st, 2010
The wrath of Hurricane Earl in Antigua

The wrath of Hurricane Earl in Antigua

Following the passing of Hurricane Earl, the online gambling friendly island of Antigua & Barbuda is giving a collective sigh of relief and posting bets that Earl will make a direct slam into the US Department of Justice.

Now, if you’ve followed the “plight” of Antigua’s online gambling adventures, you will know that Antigua and the USDOJ don’t quite see to eye to eye. In fact, Antigua has unsucessfully tried taking Uncle Sam to international court to recoup losses incurred after the passing of the Unlawful Internet Gambling Enforcement Act, aka, US online gambling ban.

Needless to say, that didn’t work and basically ended up with the USDOJ telling the European Court of Justice that America does not have to honor a cross border trading treaty, and in fact, can actually go in and change the wording of the treaty itself.

Before I get sidetracked into another realm altogether, let’s just say that online casinos are still being regulated in Antigua – although nothing like it once was. Soooo, with Earl charting it’s course directly through Antigua last week, you can imagine there were steps being taken to ensure Antigua’s power and ISP grid would withstand the mighty forces of Mother Nature.

All said and done, Earl ended up sparing Antigua & Barbuda, reportedly causing some flooding, taking out a few roofs and forcing some 300+ people to hold up in a shelter. Apparently, said shelter was an internet cafe, where all those in attendance gambled the night away at a popular Antigua-based online casino.

Almost had you there for a sec, didn’t I? In the meantime, the US eastern seaboard from North Carolina northward is watching Earl intently as the roguish storm decides a chartered course for itself. Maybe it will take out Atlantic City once and for all, eh?

Antigua and Barbuda Prime Minister Discusses Imposing Sanctions on US

Saturday, July 10th, 2010

The tiny Caribbean nation of Antigua and Barbuda was one of the first jurisdictions to regulate online gambling in the world. Well, at least, it was one of the first online gambling jurisdictions to get on the map, so to speak, and become a haven for online casinos and all manner of internet betting sites.

That was in the early days of online gambling, and as such, it was also before the passing of the infamous U.S. online gambling bill (the UIGEA) seeking to make certain forms of internet wagering illegal, such as online casino gambling. While Antigua and Barbuda still operates a Directorate of Offshore Gaming to oversee the regulation of licensed betting companies, truth be told, their numbers are far down from times long ago.

Well, not that long ago. The UIGEA was passed only five years ago. But five years is a long time when we’re talking millions of dollars. Let’s see – about $105 million to be exact.

That’s the number based on $21 million/year for sanctions. And it’s a figure that Antigua and Barbuda is entitled to apply to levy on the United States as part of a World Trade Organization shortly following the passing of the UIGEA. Despite the U.S. government’s balking at a WTO ruling stating that the UIGEA put the American government in violation of a trading practices treaty, Antigua and Barbuda never received a penny in compensation.

Now, Antigua’s Prime Minister, Mr. Baldwin Spencer, says the debilitating effect on its economy is very clear. Compounded by the global economic crisis, the tiny Caribbean island has certainly suffered since 2005. PM Spencer has made numerous attempts to reach a negotiated settlement with the U.S. government, but there has been no budging whatsoever, and an apparent disinterest to even deal with the matter.

Critics of Spencer’s plan to impose sanctions on the U.S. government – which he recently announced at the CARICOM summit in Jamaica – say the imposing sanctions would only further hurt the economy of Antigua and Barbuda, while having practically no impact on the U.S. economy. That’s a strong a legitimate argument to consider for sure.