February 2004 Archives

ANTIGUA SUES U.S. OVER INTERNET BAN

The tiny Caribbean island nation of Antigua is suing the United States before the World Trade Organization, alleging the U.S. ban on Internet gambling is an unfair trade practice.

Antigua claims that U.S. efforts to prohibit Americans from betting online is discriminatory and violates trade agreements that allow foreign Internet companies to offer their services to U.S. citizens.

Internet gambling, a multibillion-dollar business worldwide, has become an important growth sector for the Antiguan economy, which relies primarily on tourism. The island claims U.S. antagonism to online casinos has cost it about $30 million, according to news reports.

The European Union, Canada and Japan are supporting Antigua’s suit.

The U.S. contends that gambling on the Internet is different from traditional casino gambling, not the least of which because it cannot prevent minors from accessing gambling sites.

The U.S. Department of Justice claims Internet gambling is illegal under the 1961 Wire Communications Act. Although U.S. court rulings have been uncertain on the issue, the department has successfully prosecuted several U.S. citizens under the act.

Meanwhile, bills pending in the U.S. Senate and House of Representatives would ban the use of credit cards and other forms of electronic payment for online gambling transactions. Many major credit cards companies have since stopped honoring such transactions on their own.

A ruling by the WTO is expected in about a month, according to news reports.

Article courtesy of Ascend Media, LLC

By SOMAN BABY

MANAMA: Brunei Darussalam is due to strengthen its financial and economic ties with Bahrain, according to charge d' affaires Haji Mulok Jumat. Two agreements are to be signed between the two countries this year - on the promotion and protection of investment and avoidance of double taxation.

Speaking yesterday on the eve of the Sultanate's 20th National Day celebrations, Mr Jumat said his country would further tap into Bahrain's financial community to strengthen the Brunei International Financial Centre (BIFC).

"Brunei and Bahrain have much in common under the dynamic leadership of Sultan Hassanal Bolkiah and His Majesty King Hamad, who studied together at the Royal Military Academy, Sandhurst, in the UK," he said.

"Since the establishment of diplomatic ties between the two countries in June 2001, the growth in relationship has been steady and strong."

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