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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…"

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