Fallout from the Jericho Casino

IRIS Blog

Sunday, June 25. 2006

Fallout from the Jericho Casino

From Bloomberg:

"The Palestinian-run Oasis Hotel Casino Resort in Jericho was open 24 hours a day, seven days a week.

The casino raked in so much cash, according to casino financial reports, that guards, with PA security personnel riding shotgun, made daily trips to Arab Bank Plc's Jericho branch to deposit as much as $1 million at a time.

The party that started in September 1998 ended when a Palestinian uprising scared away customers in October 2000, forcing the casino to close within a month."

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Posted by Moshe at 09:27 | Comments (0) | Trackbacks (0)

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