No Facebook casinos…for now at least
Here’s a smidgen of good news for the holidays: Forces promoting legalized online gambling have decided to drop their efforts for now. As we reported in last week’s edition of the Weekly Briefing, the casino industry had been advancing a proposal in Congress to legalize fully-fledged, 365-days-a-year, 24-hours-a day, online gambling for cash for the first time in our nation’s history.
Fortunately, for now, the proposal has been abandoned. Unfortunately, however, you can bet (for cash or chips) that the industry will be back in 2013.