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An Internet Gamble That Paid Off
Israelis who try to gamble at the popular
global online casinos Web sites www.casino-on-net.com or www.888.com, which
combines Casino-on-net and the Pacific Poker site, will find their entry
barred. These two sites have made a strategic decision to block the
entry of local surfers, mainly due to the lack of clarity in Israeli law
concerning Internet gambling.
Local gamblers have good reason to
be insulted. While other international sites welcome Israelis and set up
foreign-based sites in Hebrew, the biggest online casinos site in the
world, founded and controlled by Israelis, blocks their access!
Even without the Israeli visitors, however, the two pairs of brothers –
Avi and Aharon Shaked and Shai and Ron Ben-Yitzhak – placed the right
bet: The Internet gambling empire they established rakes in over $1
billion a year, with estimated annual profits of $200-$300 million. The
mother company, VHL, which operates from Gibraltar and runs
Casino-on-net and Pacific Poker, is now considering issuing stock on the
London stock exchange.
entire article at:
2004 Online Casino News Archive