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Analyst: Israeli Casinos to Create 1,200 New Jobs

10 December 2003

ISRAELI – As reported by the (Israel) Globes: "Establishing three casinos in Israel will create, directly and indirectly, 1,200 new jobs; generate NIS 117-150 million in state revenues; and save $150 million in foreign currency per year, according to a Business Data Israel analysis.

"Each casino will employ 200 workers, amounting to 600 direct jobs, and 600 jobs will also be created indirectly.

"…The added state revenues will consist of taxes and royalties from the casino, and from taxes on gambling profits, estimated at $3.8 million per year.

"…BDI general manager Tehila Tamir-Yanay said, 'Legal casinos could eliminate the illegal ones.'"

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