Though, online gambling business is illegal in the USA, more and more U.S. companies open their online gambling shops, but in other countries. AOL is the latest U.S. company to enter the online gambling business.

AOL has signed an agreement with the German-based online betting company FLUXX. According to it, it will market sports betting on the internet in the UK. The project seems to be very promising. The company wants their business to expand, so it is looking for new partners and initiatives that will help attract new customers.

There is an opinion that the UK gambling Act will lead to the growing number of problem gamblers as land-based and online gambling companies in the EEA that are on the “white list” to advertise their services on TV, radio and other mass media. The fear of the growth of gambling addiction has been expressed by some charitable organizations such as the Salvation Army.

A helpline number to address problem gambling placed on the advertisements of gambling firms is the guideline Gambling advisory group has asked government to introduce.

The recent study carried out in the UK has shown that gambling addiction in the country is growing. The figure of problem gamblers in the country has grown from approximately 325,000 to 500,000 since 1999.

The results of the study have shown that about £1,000 or over £1 billion are spent by a million of regular gamblers.

With the new law, initiated by Britain’s culture, Media and Sport Secretary, James Purnell, registration and licensing of gambling companies in Britain has become more complicated, but the TV ads are still allowed.

Antigua and Barbuda claimed up to $7 billion for loss of earning after the US Internet gambling restrictions. The first US dispute with Antigua was lost. According to the decision of the WTO it was wrong to forbid foreign gambling companies to compete for bets on Internet gambling while domestic interstate bets were allowed. Thus, the US was “in continued contravention of its commitments under the WTO General Agreement on Trade in Services (GATS)”.

Now, the US is threatening to withdraw from GATS what may result in spiraling compensation claims.

Harrah’s Entertainment and AEG, partners to be, are going to be in charge of building a 20,000-seat arena in Las Vegas. The approximate prize of the project to be opened in 2010 is $500 million. The building site is located in Clark County, a block east of the Strip. The arena when built will be able to house even NBA and NHL teams.

Harrah’s nine hotel-casino properties in Las Vegas that are near the same intersection will have to be either linked or redeveloped. The company’s ambition is “to create a place that transcends a series of hotels” and to provide people on the Strip with the reason to go there. The arena has been called by Garry Loveman, the chief executive of Harrah’s, “a state-of-the-art events center”. It will be able to host concerts, boxing matches and lots of other events thus becoming a competitor for Thomas & Mark Center on the UNLV campus or Strip properties owned by MGM Mirage Inc.