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Israel News - Page 4

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Israel Crackdown on Gambling Money

nternational News Brief: Israel’s Supervisor of Banks Yoav Lehman will require the banks to report cash transactions larger than NIS 50,000. This is intended to help identify money from criminal activity such as gambling and prostitution.

Analyst: Israeli Casinos to Create 1,200 New Jobs

International News Brief: According to Business Data Israel, casinos will generate NIS 117-150 million in state revenues and save $150 million in foreign currency per year.

Former Israeli Police Chief Charged

International News Brief: Former Tel Aviv District central command police chief, Commander Menahem Frank, is being accused of helping illegal casinos.

Israel Casino Ships Ordered to Stop Activities

International News Brief: Israel Ports Authority director general Amos Ron has ordered the Eilat Port to immediately halt all activities of the casino ships in the harbor.

Netanyahu Supports Private Israeli Casino

International News Brief: Finance Minister Binyamin Netanyahu supports the establishment of a private casino in the southern port city of Eilat.

Cyprus Expels Israelis Headed for Casino

International News Brief: Israeli tourists were kicked out of Cyprus early for heading to casinos in northern Cyprus, a violation the terms of their permits, police said.

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