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Antigua Discusses WTO Internet Gambling Settlement with USAFri, Jan 18th, 2008 @ 12:00am Antigua's Minister of Finance and the Economy Dr. Errol Cort held meetings Thursday with United States Trade Representative Ambassador Susan Schwab to discuss the USD $21 million per year settlement awarded to Antigua by the World Trade Organization (WTO) panel last month against the United States for pulling online gambling from its Trade in Services Agreement.
At his departure for the meetings, Dr. Cort told the Antigua Sun that last month's ruling by the WTO panel granting the tiny twin island Caribbean nation of Antigua and Barbuda USD $21 million per year in intellectual property-related trade sanctions puts his delegation in a strong position going into that meeting. "That is a very, very potent sanction to have been awarded and we were very pleased in respect of that. We feel with that particular sanction being awarded to Antigua, it certainly sets the stage for meaningful negotiations between Antigua and Barbuda and the USA," the Antigua Sun quoted the finance minister as saying. Cort hoped that the high level meeting will lead to a resolution of the dispute, saying, "We believe this matter can be settled in an amicable way because we enjoy an excellent relationship with the United States." He added, "I am therefore hopeful we can come to some broad understanding in terms of settlement." Cort admitted that the decision of the WTO of $21 million annual fines the U.S. must pay is a setback to Antigua, who was hoping the penalty to be closer to the area of $3.44 billion annually. The Unlawful Internet Gambling Enforcement Act (UIGEA) which was designed to halt online gambling offered to US residents by foreign operators, made it illegal for banks and other financial institutions from transferring funds from US residents to any foreign operator of gambling, while allowing the same transfers to continue for domestic gambling operators. The UIGEA is what the WTO panel particularly objected to in their rulings. No outcome of Cort and Schwab's meeting has been reported yet, but PokerPages.com will report any news as it becomes available. LONDON MEETING COMING TO DISCUSS UK WHITE LIST REJECTION Meanwhile, the Antigua Sun noted that Dr. Cort also said that he will lead a delegation to London next week Thursday, to meet with the UK minister responsible for gaming. He said he was disappointed that Antigua and Barbuda did not get on to the UK's 'white list' and intends to continue discussions with the gaming authorities in the UK in hopes of achieving this goal. Cort said the delegation hopes to return with a better understanding of what is hindering the process. Until Antigua and Barbuda is placed on the white list, online gambling companies licensed in Antigua cannot legally advertise their services in the UK. Read Related Articles:
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World Series of Poker Day 1A Welcome to the World Series of Poker Main Event Day 1A. This is the event that everyone has been waiting for all summer, and it is finally here. Thousands of people have registered to prove their skills in this world famous event, and today survival of the fittest comes into play. The buy in for this No Limit Hold'em event is a hefty $10,000, but that is chump change compared to the first place prize of several millions of dollars. The exact prize pool for this event will not be determined until registration is closed after Day 1D.
World Series of Poker: Ante Up for Africa The Ante Up for Africa Charity Tournament is one of the biggest poker charity events of the year. This charity tournament supports the refugees from the Sudan region of Darfur. After nine hours of play, Alexander (Alex) Bolotin was crowned the champion of the Ante Up for Africa tournament and won $177,730 for his first place finish.
World Series of Poker Event 56: Matt Hawrilenko Takes Down Bracelet and $1 Million The $5,000 Six Handed No Limit Hold'em event was the last event to be held at the World Series of Poker 2009 before the famous Main Event starts. Event number 56 saw 928 players register for their chance to win the last bracelet to be offered this summer. The next bracelet of the Series will not be awarded until November when the Main Event final table wraps up. Adding to the excitement of this event, there was a total prize pool of over $4.3 million, and the winner of the event was guaranteed to come out a millionaire.
World Series of Poker Event 54: Tony Veckey Wins Event 54 sold out in a hurry as 2,818 people gobbled up all of the seats for the last low buy-in No Limit Hold''m tournament of the World Series of Poker. This was a new event added to satisfy the enormous public demand for this level of event. $1,500 from each of the entrants produced a prize pool of $3,846,570, with payouts down to 297.
World Series of Poker Event 52: German Jorg Peisert Wins Jorg Peisert from Dusseldorf, Germany won the inaugural Triple Chance No Limit Hold'em event at this year's World Series of Poker. Peisert outlasted 853 other players who put up $3000 to play in this No Limit Hold'em event. The total prize pool was $2,357,040 and 81 players took home a cut. 81st place took home $5,892, but the lion's share, $506,800, went to Peisert. On the final day, Peisert started in 6th chip position and worked his way up to a chip juggernaut, eliminating players and collecting chips along the way. Notable players who cashed in this tournament include, Eric 'Rizen' Lynch (12th), An 'The Boss' Tran, Mike 'The Mad Genius of Poker' Caro (23rd), and Antonio 'The Magician' Esfandiari (24th).
World Series of Poker Event 53: New Orleans Resident David Halpern Wins David Halpern from New Orleans, LA won the $1500 Seven Card Stud Hi-Lo 8-or Better Event at the 2009 World Series of Poker. Halpern outlasted 467 other players to win $159,048 for winning the tournament. Halpern has already cashed once this year (Pot Limit Omaha), but this is his first WSOP bracelet. The $657,455 prize pool was spread out amongst 48 players who cashed. Halpern battled William Kohler for over three hour heads-up. Battled is a strong word, as both players seemed enamored of each other and even went to dinner together during the break. They traded the chip lead back and forth until Kohler seized it for good. Other notable players who cashed includes Chad Brown (4th), Matt Savage (5th), Andy Bloch (23rd), and Norman Chad (32rd).
World Series of Poker event 49: David Bach Wins $50K HORSE Event The 2009 $50,000 HORSE event attracted 95 of the world's best poker players. The number of entrants decreased from the previous year which attracted 148 entrants. As play began, player's speculated as to the reason why the numbers decreased so dramatically. Was it the economy? Was it Scotty Nguyen's drunken tirade last year? Many believed that it was ESPN's unfortunate decision to not televise this year's final table. Even though the field decreased, the players still had a full five days of play. 87 players would be eliminated on the way to a star studded final table. After 20 hours of play, David Bach was proclaimed the winner of the 2009 $50,000 HORSE event. He took home the bracelet, the Chip Reese Memorial trophy, and the $1,276,806 first place prize.
World Series of Poker Event 55: Abe Mosseri Wins First WSOP Bracelet Abraham Mosseri from New York City won the $2,500 Deuce to Seven Lowball (Limit) event at the 2009 World Series of Poker. Mosseri outlasted 257 other players to win $165,513 and the accompanying gold bracelet. This is Mosseri's first WSOP bracelet and third cash. This was his 2nd final table of this year's Series. Mosseri and others amassed a prize pool of $593,400. Only 24 players got a piece of it though. Mosseri ended Day 1 in 13th place with 39,100 in chips. By the end of Day 2, Mosseri was the chip leader with 447,000. Mosseri maintained his chip lead through most of the day. It would come down to him and Masayoshi Tanaka, who started the day with second most chips. Tanaka had the lead as heads up began, but it was meant to be for Mosseri who played aggressively and caught cards at the right time to eventually eliminate Tanaka. Notables at today's final table included three time bracelet winner John Juanda (4th), Blair Rodman (5th) and Nam Le (9th). Daniel Negreanu cashed in 16th and Hasan Habib finished in 18th.
World Series of Poker Event 51: Carsten Joh Wins Sold Out NLHE Event Carsten Joh defeated a sellout crowd to win his first bracelet in the penultimate $1,500 No Limit Hold'em event of 2009. Joh beat Andrew Chen heads up to bring home Germany's first bracelet of the Series. The event began with a largely amateur crowd, and the big names that made it to Day 2 quickly found themselves on the sidelines. Men Nguyen, Tony Cousineau, and Matt Brady outlasted most of the field but failed to make it to Day 3.
World Series of Poker Event 50: Greg 'FBT' Mueller Wins 2nd '09 Bracelet The $1,500 Limit Hold'em Shootout should put to rest any questions about the skill required to play Limit. By the time the event was down to two players, it was a heads up match between the owners of the last two Limit bracelets awarded at the WSOP. Greg 'FBT' Mueller defeated Marc Naalden to win his second bracelet of the year, making him the fourth person to claim more than one in 2009. Naalden now has 1st and 2nd place finishes in Limit tournaments this year. He also cashed in a Mixed Hold'em event. |
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