Kyl growing pessimistic about banning Internet gambling

In a sharp reversal, several of Las Vegas’ most powerful casino operators no longer want to ban Internet gambling, and some are starting websites and exploring technology that could eventually offer wagering in homes, offices or anywhere there is a computer wired into cyberspace. The policy change is reverberating through Nevada and Washington, where some casino companies are gearing up to oppose legislation they once embraced that would explicitly ban Internet gambling and force Internet companies to block access to illegal sites. The $40 billion casino industry is not unanimous on the issue. But those who oppose a ban on Internet gambling say they now believe such a ban is not technologically feasible and therefore they should be allowed to compete with the 1,400 sites, operated from overseas, that already offer gambling. Some politicians and industry analysts have a more skeptical view of the casinos’ motives, asserting that the casinos are seeking to control a lucrative field that they have realized they cannot legislate out of existence. These critics expect the casinos eventually to seek regulation that could give them the only legitimate licenses, enabling them to co-opt, if not monopolize, the industry. In the last Congress, legislation intended to

Israeli stake in Rhodes casino

5/21/2001 (By Greer Fay Cashman, The Jerusalem Post) RHODES – Resido, a subsidiary of publicly traded Israeli investment companies Queenco and Milomour, with a 65 percent stake in the Rhodes casino, is aiming to attract high-rollers with the construction of a 32-suite boutique hotel, which will be rented out at $10,000 a night per suite. Details of this enterprise were disclosed by the casino’s manager, Dan Ratzkovski, who took up the post late last year at the request of Yigal Zilka, one of the partners in Resido. Realizing soon after the outbreak of the current violence that Israelis who had previously gambled in Jericho would be searching for a new outlet, Zilka approached Ratzkovski, who has extensive experience in managing resort hotels in Israel. Because Rhodes, with its inexpensive package deals is less than 90 minutes flight away, and because 90% of the 55,000 Israelis who flock to Rhodes each year find their way to the casino, it seemed a natural alternative to Jericho. Ratzkovski is not so sure. Many big time Israeli gamblers are now frequenting the casinos of Eastern Europe, he said. That’s why he wants to create a special luxury venture for the gambler who can get