Antigua to develop Internet gambling industry despite U.S. pressure, finance minister says - Sunday 4th of December 2005
Antigua will continue developing its Internet gambling industry despite pressure from the United States to prohibit the practice, the finance minister said Wednesday.
Finance Minister Errol Cort said at least 10 new online gambling companies will open on the Caribbean island next year, joining 14 that already have been granted operating licenses.
Cort said the new companies will generate some 500 new jobs and more than $2 million in gambling licenses fees.
The United States contends that Internet gambling should be prohibited because it violates some state laws. Antigua says the U.S. position is contrary to global trade rules.
Antiguas has taken the dispute to the World Trade Organization, which has yet to rule on the matter.
Addressing Parliament during his annual budget presentation, Cort said the government will tightly regulate Internet gambling to meet "the most stringent international ... practices."
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