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