The Prime Minister of Antigua and Barbuda has announced that his country has made a settlement offer to the United States, requesting only $100 million to settle a WTO suit that was filed over online gambling.
Speaking to the Antiguan Observer, Antigua and Barbuda Prime Minister Gaston Browne said, “We have reduced the amount of the claim. In fact, we are now asking for US$100 million, negotiable, of course."
Antigua originally brought up a case against the United States in front of the World Trade Organization because the US prevented its citizens from gambling at Antigua based online casinos. The WTO ruled in Antigua's favor, and granted the country a hefty judgement that the US has neglected to pay. As a result Antigua has threatened to steal intellectual property from the US as well as institute a series of sanctions.
Any settlement would see legal fees repaid in the suit, while 75% of the remaining money would go to companies affected by the adverse US action against online betting sites based in Antigua. The federal government would get 25%.
Casino Listings will update this story as more developments arise.