Gaming Shares Slide as EU Settles Gambling Dispute with US
December 17th, 2007
Europe’s leading gaming companies have seen their share prices fall this morning as it emerged that the European Union had agreed a settlement with the United States in compensation for closing the US gambling market to foreign firms.
The commission said in a statement this morning that “A bilateral agreement was signed in Geneva, which provides EU service suppliers with new trade opportunities in the U.S. postal and courier, research and development, storage and warehouse sectors.”
“The U.S. also made concessions in the testing and analysis services sector.”
European gaming companies had hoped that the EU would reject any compensation offer and instead push for an opening of the US gambling market.
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