Publishing & Broadcasting Buys Stake in Fontainebleau (Update3) (Bloomberg.com)April 17 (Bloomberg) — Publishing & Broadcasting Ltd., Australia’s biggest casino owner, agreed to buy a 19.6 percent stake in Fontainebleau Resorts LLC for $250 million, gaining its first holding in a Las Vegas gambling development.

US lawmaker seeks to overturn online gambling ban (AFP via Yahoo! News)A senior US lawmaker said Thursday he would try to overturn a US ban on online gambling, describing the law as “one of the stupidest things” he ever saw.

America pushes ban on online gambling (Pravda)Congressman Barney Frank, the Democrat who chairs the committee that oversees financial services, told reporters that the online gambling bill passed last fall was “one of the stupidest things I ever saw.”