22nd of May 2011 Author: Johnny Karp
Israeli gaming market opens up for foreign operators
Pari-Mutuel Urbaine (PMU) is reportedly one of the contenders to offer betting on foreign horse races after the Israeli Commission for Sports Gambling received the corresponding permit from the legislative branch of the Israeli government, the Knesset. Beside the permit, the Commission was approved to select a foreign company to operate the new service.
It is believed that once an operator is selected, the betting on foreign horseracing will be functional within a year. The minimum bet amount is anticipated to be around NIS 10 ($2.85) and it was also assessed that all races will need to be translated, betting outlets established and other needed additions to the website conducted. So far, the Commission's focus was on football and basketball, but it has recently received approvals for other sports, as well: tennis, baseball and handball.
The Commission wants to use the revenues for the construction of sports facilities in total worth of NIS 5.5 billion ($1.57 billion). Its chairman, Tzahi Fishbein said that the service would "help increase proceeds in favor of Israeli sports".
Sports Society News General Sportsbook News
8th of January 2019
2nd of August 2018
18th of January 2019
24th of November 2018
15th of December 2018
22nd of November 2018
13th of January 2019
11th of January 2019
Join Now for full access
Disclaimer Contact Us Privacy Terms and Conditions Gambling Help Site Map
LatestSportsBonuses.com © 2006-2019