Israeli Slot Machine Prohibition Comes into Force

On New Year’s Eve, Israel’s crackdown on its gambling industry reached new heights after the country’s slots and keno machines were shut down. The move follows recommendation made by a government report that suggested the country’s gambling industry could be made more efficient, whilst also reducing its negative social impact.
Over the past seven years, Israel’s gambling market had been growing at an impressive 10% per year, but concerned about the situation getting out of control, it would appear that the government has now settled on a more manageable annual growth rate target of 3%. In the meantime, the latest slots shutdown is expected to cost Mifal Hapayis, the country’s lottery operator, around $208 million a year, but as far as authorities are concerned any resulting loss of governmental earnings will subsequently be offset by reducing funding levels to its gambling regulatory bodies.
Nevertheless, discussions have been taking place between Israel’s Ministry of Finance and Mifal Hapayis in order to protect the organization’s sudden loss of earnings, and it would appear that it has now been granted a new permit to offer its National Lottery until 2021, as well as the opportunity to hold extra lotteries throughout the year.
Israeli Minister of Finance Moshe Kahlon (photo) has long held a disdain for gambling, and has labelled the revenues received from the industry as “tainted”. On many occasions, he has also expressed his view that it is mostly the poorer sections of society which have been targeted by gambling companies, and that as a result they are the ones most at risk from its potential ills. Lauding his recent success in prohibiting the country’s slots and Keno machines, Kahlon commented:
“Eighteen months ago, I said there would no longer be slot machines in Israel, and I am very happy that from today, there aren’t any anymore. I am hurt by the thousands of families that have lost their property, their money, their homes and even their families.”

Other news:   Can Online Poker Piggyback Sports Betting Legislation?

Poker News
Mississippi Casinos Post Record Revenue in April as Sports Betting Beckons
04 Jun 2018
Mississippi’s casinos generated gross gaming revenue of $184 million in April, or 5% more compared to the same month in 2017. Furthermore, that total represents an all-time high for the state, and is 1.3% more than the previous record set in 2007 when thousands of volunteers entered Mississippi to assist in cleanup efforts post-Hurricane Katrina.
Switzerland Prepares For June 10th Legalized iGambling Referendum
04 Jun 2018
On June 10th, Switzerland will hold a national referendum to decide whether the ‘Money Gaming Act’ passed by the Swiss Parliament in September 2017 can be implemented next year in its present form. The piece of legislation paves the way for land-based casinos and local partners to offer legalized online gambling in Switzerland, although a
MGM Resorts International Buys NY's Empire City Casino for $850 Million
02 Jun 2018
Real estate and entertainment conglomerate MGM Resorts International has revealed that it’s embarking on a purchase of Empire City Casino, a slots and pari-mutuel wagering venue located in Yonkers, N.Y., just a few miles north of Manhattan. The deal was announced May 29 in a press release, and is expected to be completed near the
Delaware to Launch Full-Scale Sports Betting on June 5th
02 Jun 2018
Last month’s decision by the US Supreme Court to overturn the sports betting ban in the country has opened the floodgates for individual states to legalize and regulate sports wagering within their borders. Before its decision was even made, though, a number of states had already put in place the necessary legislation in order to