olive casinoThe Israeli government has agreed to pay a settlement of 23 million shekels (.7 million) to GBI Racing following the implementation of a ban on betting on horse racing thpechanga casino zip codeat came into effect last week. But GBI Racing, which is a joint venture between Racing UK and At The Races, quickly established itself in the country and made Israel one of its major markets.According to a report in the Racing Post, GBI was believed to be making about £4 million (.4 million) in revenues from Israel each year.Ban is Part of Campaign Against State-Sponsored GamblingHowever, Israel’s parliament approved legislation last year to ban horse racing betting. It was part of a campaign by Finance Minister Moshe Kahlon to eliminate state-sponsored betting, which he described as “tainted money.”When that decision was announced in July, the Israeli treasury made it clear that they were prepared to negotiate terms to get out of the remaining contract. sycuan casino mspt“The country had no history of horseracing, no infrastructure to fac“The country had no history of horseracing, no infrastructure to facThe Israeli government has agreed to pay a settlement of 23 million shekels (.7 million) to GBI Racing following the implementation of a ban on betting on horse racing thpechanga casino zip codeat came into effect last week. paragon casino covid 19

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casino poker 24Details of how the parties came to their agreement were not made public, though it’s likely GBI was compensated not only for lost revenues, but also for the substantial invepechanga casino zip codestment the company made in the country, including the installation of betting shop terminals that offered racing content translated into Hebrew.GBI Laments Loss of Valuable MarketFor GBI, the settlement marked a disappointing end to what the company saw as a successful venture.“The closure is a shame, given the giant strides GBI Racing has made in the four and a half years of trading in Israel,” a GBI spokesperson said. It was part of a campaign by Finance Minister Moshe Kahlon to eliminate state-sponsored betting, which he described as “tainted money.”When that decision was announced in July, the Israeli treasury made it clear that they were prepared to negotiate terms to get out of the remaining contract. But GBI Racing, which is a joint venture between Racing UK and At The Races, quickly established itself in the country and made Israel one of its major markets.According to a report in the Racing Post, GBI was believed to be making about £4 million (.4 million) in revenues from Israel each year.Ban is Part of Campaign Against State-Sponsored GamblingHowever, Israel’s parliament approved legislation last year to ban horse racing betting. mountaineer casino loginIt was part of a campaign by Finance Minister Moshe Kahlon to eliminate state-sponsored betting, which he described as “tainted money.”When that decision was announced in July, the Israeli treasury made it clear that they were prepared to negotiate terms to get out of the remaining contract. 00 full-time workers at the resort will see their 2017 annual bonuses doubled. It’s about a million dollars.”In addition to doubling bonuses, Gaughan announced that a planned insurance premium increase for 2018 that was set to be partially paid by workers will now be covered by the company. online casino no deposit bonus keep what you win south africa

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