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Monday, October 04, 2010

Safe betting on this one

A week or so ago my students discussed the implications of the "The Unlawful Internet Gambling Enforcement Act" of 2006. Today NYT reported that the Casinos are considering supporting online gambling. The law was created to discourage "immoral" behavior...

Casinos Weigh an Online Bet - Yahoo! Finance: "Many of the country’s largest casinos, long opposed to gambling games like poker on the Internet, are now having second thoughts.

Although online gambling is popular with millions of Americans, it is illegal in the United States, and the casino industry has considered it a threat.

But a trade group that represents major casinos like Harrah’s Entertainment, MGM Resorts and Wynn Resorts is working on a proposal that would ask Congress to legalize at least some form of online gambling, the group’s chief executive said."

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