Government joins gaming industry to resolve U.S. dispute

By Admin Thursday October 18 2012 in Caribbean
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ST. JOHN’S: The government of Antigua & Barbuda has reached an agreement to collaborate with the nation’s gaming industry through the leadership of the Antigua and Barbuda Investment Authority, in an effort to resolve the decade-long impasse with the U.S. government over remote gaming services.

 

The newly formed partnership will fight for the billions of dollars lost in potential gaming revenue from the online gaming trade dispute with the U.S.

 

“Let me be clear: our goal is to negotiate the best possible deal for the people of Antigua and Barbuda,” said Harold Lovell, Minister of Finance and the Economy. “When we are successful, it will result in a rejuvenated industry.

“Full compliance by the United States will mean jobs and opportunities for our people. Increased jobs, investment and domestic spending will also generate revenues we will use to invest in education, further job creation and job training that will benefit every Antiguan and Barbudan.”

 

For nearly a decade, each time the issue of remote gaming has come before the WTO, it has ruled in Antigua’s favour. A recovery of the remote gaming industry would have a substantial positive impact on the country’s ailing economy.

 

“This public-private partnership enjoys broad support from the government and private sector partners,” said Dr. McChesney Emanuel, Chairman of the Antigua and Barbuda Investment Authority. “We agree with this approach and we believe it is a good investment for operators, investors, businesses and for the government. We also believe this new approach will give us an accelerated enhancement towards a settlement that will be fair and beneficial to all.”

 

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