Antigua & Barbuda Make Us$ 100 Million Settlement Offer To U.s.
By Casinomeister, Last updated Sep 12, 2014
Lead counsel services no longer needed
Antigua & Barbuda Prime Minister Gaston Browne revealed details of a US$100 million settlement offer made to the United States in the decade-long gaming dispute (see previous InfoPowa reports).
"We have reduced the amount of the claim. In fact, we are now asking for US$100 million, negotiable, of course," Browne told the Antigua Observer.
Browne revealed that the gaming industry fronted the legal fees in the fight against the U.S. following a deal made with the former administration.
Legal fees will be repaid to the relevant companies should a settlement be achieved along with 75 percent of whatever monies remain.
The remaining 25 percent will go to the Antigua & Barbuda Government.
In related news, Browne confirmed the departure of lead counsel Mark Mendel, saying his services were no longer required.
Online Casino News Courtesy of Infopowa
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