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An Internet Gamble That Paid Off

Israelis who try to gamble at the popular global online casinos Web sites or, 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.

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2004 Online Casino News Archive


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