Well, it’s not so much bad news for the industry as it is for the American people. EU said a long time ago that it will take this road, rather than chasing opening of the online gambling market, so this news is no surprise – it was known months ago how E.U. would react. Plus, this is not WTO decision, just EU. Antigua still stays, as well as Asia, if they want a piece of the action.
And it’s bad for the American people, because now thanks to stupid stubbornness – more competition has been brought into the country. Now industries completely unrelated to online gambling will suffer the consequenses of the Bush Administration. And let’s not forget that WTO rulled a long time ago that banning online gambling in the U.S. and yet llowing local operators goes against the free trade, which did not stop the UIGEA from being passed. And when the Frank’s bill (or similar) passes in an year or so – US will have online gambling and still suffer from this agreement with the EU.