McCain playing dirty or is this just dirty campaigning?

I just found this little number:



Does anyone have any info on this? I would like to get some background on this before I blast anyone (I have recently seen a lot of flat out lies circulating on the internet about Obama). So what is the real story behind this?

I know Ralph Reed was involved in a scandal about two years ago that cost him his campaign for Lt. Governor and part of that had to do with ties to gambling money. Unfortunately I don't know the details other than that. Also, I read the Reed was helping to organize a McCain event in Atlanta next month.