Antigua & Barbuda Make Us$ 100 Million Settlement Offer To U.s.

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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The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.
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