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US, EU Cut Deal to Keep Foreign Gambling Sites from US Players


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The US and the EU have woven a relationship that yields new opportunities to European businesses, in exchange for keeping foreign gambling sites out of the States.

On its own, the US supports a $15 billion-a-year online gambling market, according to the Financial Times.

European businesses, like TNT of the Netherlands and Germany's Deutsche Post, have been granted unspecified opportunities in the US postal and courier; research and development; and storage and warehouse sectors.

The US made similar agreements with US and Japan.

The concessions spawned from an order from the World Trade Organization to grant recompense to jilted friends after the US first agreed to avail its country to foreign online gambling, then changed its mind.

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