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Antigua worries about U.S. payout in gambling dispute
No positive sign is on sight for Antigua and Barbuda in receiving any pay-out from the USA in a long-running gambling dispute. It is planning to ask the head of the World Trade Organization (WTO) to mediate. But the country is fast “losing all hope.” Antiguan ambassador Ronald Sanders said.
The United States accused Antigua and Barbuda of playing politics.
Antigua and Barbuda constructed an Internet gambling industry in the light of declining revenue in tourism. But it was not allowed in the USA.
The archipelago took its case to the WTO in 2003 and eventually won the right to compensation of $21 million annually, after the WTO judges upheld its complaint that U.S. laws were discriminatory.
Washington has not paid out, and Sanders said his country had lost $315 million so far, equivalent to more than a quarter of its annual GDP and less than 0.1 percent of the U.S. economy.
Although the WTO awarded Antigua the right to use trade sanctions to recoup its losses, it opted for a settlement.
“We continued to hope that a sense of justice and fairness would prevail. But, we are now losing all hope,” Sanders told the WTO’s dispute settlement body, according to a copy of his remarks provided to Reuters.
“After a long period of exhausting attempts to engage the United States, Antigua and Barbuda is now contemplating, once again, approaching the (WTO) Director-General… to join in seeking a mediated solution that would bring much needed relief after these arduous 15 years of damage to our economy.”
Trade experts say the case highlights a weakness in the WTO system, because small nations have little leverage to enforce rulings against the world’s big powers.
Antigua does not have a permanent representation in Geneva but it has repeatedly sent envoys to the WTO to plead for a U.S. payout, most recently last September when the island of Barbuda was severely damaged by Hurricane Irma.
“All of Antigua and Barbuda’s attempts, in a spirit of good faith, have failed,” Sanders said.
U.S. Ambassador Dennis Shea told the WTO meeting that Antigua had made “extreme demands”, and monetary payments were not provided for under the rules. The United States had made repeated offers to settle the row, to no avail, he said.
The current U.S. administration had had no reply to a formal offer of further discussions, Shea said, according to a prepared copy of his remarks.
“For these reasons, Antigua’s decision to place this matter on the agenda today appears to be a political statement, rather than an effort to engage on a resolution of this dispute.”
Sanders said none of the U.S. offers amounted to even 1 percent of the damage caused.
“The WTO dispute settlement was conceived as a system where all members, irrespective of their size, would have their rights protected,” he said.
Source: Reuters
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Fast Track welcomes PolarLotto: taking online lotto in Sweden to new heights
Malta, 28th March 2024 – PolarLotto, a leading provider of lotto betting services in Sweden, has just announced a strategic partnership with Fast Track, a leading provider of CRM solutions designed specifically for the iGaming industry. This collaboration aims to propel PolarLotto’s expansion from offline to online offerings, bringing the excitement of the world’s biggest lotteries to Swedish players in a safe and responsible manner.
PolarLotto prides itself on its commitment to transparent and ethical gaming practices, with a focus on player safety and responsible gaming. By teaming up with Fast Track, PolarLotto aims to leverage cutting-edge technology to expand its business model from traditional to online, ensuring a seamless and engaging experience for its customers.
Commenting on the partnership, Benjamin Burstein, CEO of PolarLotto, expressed enthusiasm about the possibilities ahead, stating, “We are excited to embark on this journey of transforming our business with the latest technology and automation tools provided by Fast Track. As we transition to the online space, we are confident that Fast Track’s expertise in custom segmentation, real-time data capabilities, and personalised experiences will enable us to better serve our players and achieve our business objectives.”
Fast Track also expressed confidence in the partnership, highlighting the potential for exceptional results through its Singularity model, which uses AI and machine learning to deliver tailored content to players, at the right time and through the most effective channel. “We are thrilled to partner with PolarLotto and support their online expansion,” said Simon Lidzén, CEO and co-founder of Fast Track. Our tools are designed to empower lean teams to achieve remarkable results, and we look forward to helping PolarLotto maximise their online presence and engagement.”
The post Fast Track welcomes PolarLotto: taking online lotto in Sweden to new heights appeared first on European Gaming Industry News.
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Red Bull Gaming premieres ‘Memories of CS:GO’ documentary highlighting the game’s early years
As the CS2 PGL Major in Copenhagen is set to kick off, Red Bull Media House will unveil a captivating feature-length documentary, “Memories of CS:GO – The Early Years,” an ode to one of the most influential games ever made.
This film takes viewers on an immersive journey through the origins and evolution of Counter-Strike: Global Offensive (CS:GO), featuring personal accounts and defining moments from several of the most legendary figures of the game.
The 90-minute documentary, narrated by Counter-Strike commentator Henry “HenryG” Greer, chronicles the remarkable trajectory of CS:GO, from its grassroots beginnings to becoming a global esports phenomenon.
Produced by Red Bull Media House, the film captures the essence of the game through the eyes of its most well known players, including Olof “olofmeister” Kajbjer Gustafsson, Patrik “f0rest” Lindberg, Richard “shox” Papillon, Gabriel “FalleN” Toledo, and Jarosław “pashaBiceps” Jarząbkowski, among others.
The documentary’s release is timed to precede the playoff stage of the PGL Major Copenhagen, scheduled for March 26, 2024. It will premiere on Red Bull Gaming’s YouTube channel at 21:00 CEST, offering viewers worldwide an insider’s perspective on the beloved game.
Event Details:
- What: Premiere of “Memories of CS:GO – The Early Years”
- When: March 26th, 2024, at 21:00 CEST
- Where to watch: Red Bull Gaming’s Youtube Channel
- The “CS:GO Memories” documentary can be viewed shareit.redbull.com
The post Red Bull Gaming premieres ‘Memories of CS:GO’ documentary highlighting the game’s early years appeared first on European Gaming Industry News.
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Ten Square Games ready for a new development opportunities in 2024
2023 ESPI package
The following documents in pdf format are equivalents of the official Consolidated Financial Statement which were reported in ESPI (download in the zip file above)
2023 Consolidated Financial Statement
2023 Management Board Report on Activities
Independent Auditor’s Report on the Audit of Annual Consolidated Financial Statements
Link to the stream
Link to the chat with individual investors
Presentation
Factsheet
Financial data
Transcription of the conference and Q&A session
For complete press release visit tensquaregames.com
The post Ten Square Games ready for a new development opportunities in 2024 appeared first on European Gaming Industry News.
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