True – but I dont think you can call it monopoly when there is more than one company – there will be more than one online casino – but all of them will be owned only by US land based casinos.
We ALREADY have this, for example, online betting on horses, which continues to develop by the way:
http://www.ogpaper.com/news/news-0228.html
Which is the ground on which Antigua filed the complaint in the first place, and despite some encouraging reports, US Trade Dept does not seem moved at all.
If this happens, and US has to explain the law to WTO (which I really dont see happening), but they can justfy it by saying that this is the only way they can ensure that the regulations are followed by the companies, and that any foreign company should feel welcome to come over and open a land based casino first (another thing that wont happen).
Free trade has been recognized only when it benefits big Amrican companies.
There is a hope though, if the above scenario happens, and that’s the Christian part of the government – which may ban any TV and other offline media commercials about online gambling, on the count that it will demoralize the society. And then – affiliates will again become a good provider of online casino traffic.
As far as General Motors – sure they would love to get help to get back on their feet, but loosing 200,000 jobs in Alabama alone would create enough outrage. Plus, because of that trade deficit, the US makes the rules in the world economy, for as long as Americans could be able to afford to buy stuff.
Surely a topic for another discussion, but do you remember the past, when most people could afford to NOT shop at Walmart…:bored: