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paragon casino arcadeFinance Minister Moshe Kahlon’s gambling crackdown led to the end of GBI Racing’s operations in Israel. The 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 thdoubledown casino troubleshootingat came into effect last week. Earlier, GBI officials had warned that they might pursue legal action both in Israel and international courts should the contract be ended prematurely.In the end, it appears that both sides were willing to negotiate. hours for little river casinoIt 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. Details 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 invedoubledown casino troubleshootingstment 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. Finance Minister Moshe Kahlon’s gambling crackdown led to the end of GBI Racing’s operations in Israel. mountaineer casino open yet

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