Gaming Strategy
Featured Stories
Legal News Financial News Casino Opening and Remodeling News Gaming Industry Executives Search News Subscribe
Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter!
Search Our Archive of Gaming Articles 

Austrian Owners of a Jericho Casino Sue Palestinian Insurers

3 January 2002

JERUSALEM –– As reported by the Associated Press: "The Austrian owners of a popular gambling casino in Jericho closed by Mideast violence are suing Palestinian insurers, seeking $45 million in compensation.

"The Oasis casino opened in 1998 and was an immediate hit, attracting some 3,000 customers a day.

"…Casinos Austria International is also seeking $680,000 to repair damages caused by gunbattles between Palestinian gunmen and Israeli soldiers, Mazen Quptti, a lawyer for the casino, said Wednesday.

"Quptti said the casino's policy with Gaza Alahlia company, one of the biggest insurers in the Palestinian territories, had a clause covering damages resulting from political unrest.

"The casino said it filed a claim five months ago, which Gaza Alahlia refused to pay out.

"…The casino had been a boon for the Palestinian Authority, which received a share of the profits. Most of the employees were Palestinians…"

< Gaming News