June 22, 2018 / 8:29 AM / 5 months ago

Antigua "losing all hope" of U.S. payout in gambling dispute

GENEVA, June 22 (Reuters) - Antigua and Barbuda is “losing all hope” of a financial settlement in a long-running dispute with the United States and it may ask the head of the World Trade Organization to mediate, Antiguan ambassador Ronald Sanders told the WTO on Friday.

The tiny archipelago went to the WTO in 2003 in a dispute over online gambling rights and won the right to compensation of $21 million annually. But Washington has not paid out, and Sanders said his country had lost $315 million so far, equivalent to more than a quarter of its annual GDP. (Reporting by Tom Miles Editing by Alison Williams)

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