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Online Lottery by Year End

As a growing number of Israelis are being revealed as owners and managers of online gambling companies, making huge profits, the campaign for a legal casino in Israel is gathering strength. Mifal Hapayis – Israel National Lottery has long been waging a campaign to manage such a casino, as it enviously watches vast amounts of money flow overseas to online gambling companies, not to mention the large amounts of cash rolling into Israel’s burgeoning underground gambling industry.

Mifal Hapayis chairman and CEO Shimon Katznelson says, “We estimate that Israelis spend NIS 1 billion on foreign online gambling sites via credit cards, to play poker and other games. The Israeli managers of these sites operate via foreign-based companies, because Israel bans the operation of gambling sites.”

Read the entire article at: GLOBESonline 

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