Costa Rica and U.S. settle gaming dispute

27 March 2008

As reported by "Costa Rica has reportedly reached a compensation settlement with the United States in a long-running dispute over legislation which has shut out foreign internet gaming companies from operating in the US market.

"According to a recent report by Costa Rican daily the Tico Times, the Central American country has accepted a US offer of greater access to other service markets, including research and development, storage, technical testing and analysis, in compensation for the closure of the US online gaming market to Costa Rican operators.

"This agreement is supposedly very similar to the deal that Washington struck with the European Union late in 2007 which, according to the European Commission, provides EU service suppliers with new trade opportunities in the US postal and courier, research and development, storage and warehouse sectors...