Antigua and Barbuda is expecting to play a key role in helping develop international regulations and legislation for remote gambling according to a press release the nation's Financial Services Regulatory Commission Division of Gaming sent out today.
Minister of Finance and the Economy L. Errol Cort said that Antigua is offering its unique experience and insight to develop standards for the international online gambling industry as part of the expert working group proposed by the U.K. Department of Culture, Media and Sport (DCMS).
The DCMS had organized the 2006 International Summit on Remote Gambling to bring together nations to discuss a global set of regulations and standards for the industry.
After the summit was over and no complete agreement had been made, the DCMS sent out a proposal to set up an expert working group to advise on the scope for developing international minimum standards for online gambling.
Antigua and Barbuda is known for having more stringent regulations for live and remote gambling than the United States imposes on its own legal gambling industries.
Antigua's Director of Gaming, Kaye McDonald, highlighted the nation's credentials for regulation of their online gambling industry.
"The regulations that Antigua has in place for online gambling are respected globally and have been a contributing factor in winning the WTO ruling against the U.S. in 2005," she said.
The United States recently admitted that the World Trade Organization (WTO) had again ruled against it by determining that nation had not come into compliance with its earlier ruling that its anti-online gambling laws broke WTO trade regulations.