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US Antigua Online Gambling Revenue Settlement Lingers
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Ladbrokes to Offer Fixed Odds Games by Wager Works
News of the Month...
We start off the month of June with an update on
Antigua Barbuda's settlement with the U.S. regarding
lost online gambling revenues on the Caribbean island.
Contrary to a formerly bleak outlook, in which Antigua
and Barbuda's Finance Minister, Dr. Errol Cort, said the
U.S. offer to compensate Antigua for lost revenue caused
by the passing of the UIGEA was not nearly enough,
recent talks appear to be leaning more toward a
settlement that Antigua and Barbuda is satisfied with.
Those in favor of online gambling regulation in the U.S.
may now have more to justify their claims if Antigua
does indeed receive a large settlement ultimately coming
out of tax payers pockets. It's quite ironic when you
stop to think about how much tax revenue the U.S.
government could be generating with an online gambling
regulation framework in place, rather than losing tax