US and China Are All Talk to Online Gambling Industry
Posted on: July 29th, 2009 7:24 am | By: Ricky BauerLead advisers from President Obama’s camp met with Chinese government officials for a “strategic and economic dialogue.” The dialogue is being held in favor of upholding international commitments and free trade.
Both sides insist that the focus remains on keeping competition fair. Treasury Secretary Timothy Geithner said that both nations have a strong interest in anti-protectionist measures and improving trade. “The United States and China are among the biggest beneficiaries of the global trading system and share a common interest in ensuring that global trade and investment remain open and rules-based,” Geithner said.
Much of this comes as a shock to the online gambling industry, as both the United States and China have proven themselves to be amongst the most repressive offenders when it comes to following rules. The US is facing accusations and possible legal action from the WTO and has lost a boatload of cash to Antigua over their failure to honor their free trade commitments with respect to online gambling.
China has instituted a “Great Firewall of China” which sensors the internet and particularly takes aim at online casinos. Should the UIGEA not be overturned in September, online casinos are expecting a similar online gambling ban in December.
Tags: China, online casino, online casinos, online gambling, online poker, UIGEA, Unlawful Internet Gambling Enforcement Act
