Top 3 Internet companies pay fines for Accepting Gaming advertisements

According to “Associated Press”, Google, Yahoo and Microsoft have agreed to pay a total of $31.5 million to U.S authorities to settle a claim that they accepted online ads that promoting gambling in an illegal manner.

When settling the claim, the companies did not make an admission of guilt that they illegally accepted payments from online gaming firms between 1997 and 2007.

Yahoo will pay $3 million and fund an educational advertising campaign at a cost of $4.5 million. Google will pay authorities $3 million. Microsoft will pay a total $21 million, 33% going to to a charity fund for exploited children. It will also find a $9 million, 3 year advertising campaign against illegal gambling among young people.

All 3 companies claim that they stopped accepting gambling related ads more than 3 years ago.

Editor’s note: This argument has strong evidence among thousands of online gambling promoting businesses such as casino operators and affiliates (website owners) who have been trying unsuccessfully to place such ads on one of the 3 major search engines (Microsoft’s MSN, Google and Yahoo). The ads were immediately rejected for violating the Terms & Conditions agreement, hence strengthening the companies’ claims of refusing to accept the gambling bids.

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