Financial Times FT.com

EU and US reach online gambling deal

By Andrew Bounds in Brussels, Frances Williams in Geneva and Stephanie Kirchgaessner in Washington

Published: December 17 2007 13:04 | Last updated: December 17 2007 18:49

Online gaming companies in Europe were dealt a blow on Monday as the European Union accepted a US offer to open some other services markets as compensation for shutting foreign companies out of America’s lucrative gambling industry.

The EU said the bilateral deal would provide European businesses, such as TNT of the Netherlands and Deutsche Post of Germany, with unspecified new opportunities in the US postal and courier, research and development, storage and warehouse sectors.

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