Internet gambling companies want EU to get $100 billion settlement in WTO dispute

[The Buzz]

No, that's not a typo. According to The Register, Internet gambling companies affected by the US Internet gambling situation want the EU to seek a $100 billion settlement in the WTO dispute over Internet gambling.



While the deadline has been extended to December 14, you've got to think the Congress isn't going to like the sound of that ...

EU trade commissioner Peter Mandelson is due in Washington in early November, and is expected to push Congress to cough up for the loss of business to European firms. They want $100bn, it's been reported.

Reuters reports today that some online gambling companies want Mandelson to tell Congress to overturn the ban, or face his wrath. Massachusetts Democrat Barney Frank has led calls Stateside to bin the legislation, which was passed last October.

http://www.theregister.co.uk/2007/10...ling_frank_eu/