In Another Federal Laugher, the Feds Decide Which Bet Is Good-Good and Which Is a No-No
Gambling Ads Cost Internet Giants Google, Yahoo, Microsoft Agree to $31.5 Million Settlement
By Jim Salter Associated Press Thursday, December 20, 2007; D02
ST. LOUIS, Dec. 19 -- The three largest Internet companies agreed to pay a total of $31.5 million to settle civil allegations that they took ads for illegal gambling, a federal prosecutor said yesterday.
. . . "This is a very profitable business that had a lot of money to spend on marketing," Hanaway said of the online gambling companies that advertise on the Web.
. . . The public service campaign will be aimed at informing users, especially those of college age and younger, that online gambling is illegal.
. . . "This agreement reflects our ongoing commitment to online safety," the company said in a written statement. "We're hopeful that our educational campaign will stop young people from gambling before they start." --read entire article-- _______________________________________________________________ There are, of course, exceptio…