By John Oates for The
Register.
This story has been reproduced with permission.
According to the Financial Times, McCreevy said:
"In my view it is probably a restrictive practice and we might take
it up in another forum." He said the case could go to the World
Trade Organisation (WTO).
The commission has warned countries within the union that
gambling and sports betting should be considered as any other
service.
But the US has taken broad action against online gambling
arresting executives at gaming firms, as well as firms which
provide financial services to such companies.
Two former executives from payment company NETeller were
arrested earlier this month on money laundering charges. Federal
authorities also issued demands for information from a slate of
financial services companies including Credit Suisse and HSBC.
The US has already lost one case before the WTO brought by
Antigua.
© The Register
2007
