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

Internet gambling revisions supported by casinos

WASHINGTON — The gambling industry’s top lobbyist agreed to support an Internet gambling bill Tuesday after the House lawmaker who is pushing the legislation apparently agreed to key changes allowing such gambling in Nevada. The American Gaming Association had opposed a bill being pushed by Rep. Robert Goodlatte, R-Va. But AGA President Frank Fahrenkopf said the lobby group’s board of directors, meeting in Las Vegas, agreed Tuesday to support the legislation — if two key changes are made. Goodlatte has agreed to make the two changes, Fahrenkopf said. Goodlatte was not available for comment today. The Judiciary Committee could discuss the changes at a hearing Thursday. Goodlatte’s bill is aimed at outlawing the unregulated world of Internet gambling, a difficult task that lawmakers have grappled with for six years as cyber casinos have grown into a $1.6 billion industry. Goodlatte has sought support for his legislation from a variety of groups, including the influential AGA. But Fahrenkopf objected to two specific details in Goodlatte’s latest bill. One centered on a state’s right to regulate Internet gambling. No state has legalized Internet gambling — yet — although it thrives nationwide, in part because of off-shore website operators. Several Nevada companies, including