Legalizing Gambling in IsraelPublished October 10, 2003 by OCR Editor
Legalizing gambling in Israel would have certain affects, both positive, and negative, on the country. The current status of gambling in Israel is that it is illegal but there are attempts to change that...
Being that gambling is a significant source of development to any region, legalizing gambling in Israel would have certain affects, both positive, and negative, on the country. The current status of gambling in Israel is that it is illegal but there are attempts to present a case for legalizing gambling, and hypothetically of having a casino in Eilat. The social and economic impacts of having a casino in Israel are investigated, as well as the forecasted financial performances of the establishment. Finally, after reaching the conclusion that there is good reason to further investigate the topic, suggestions are made to policy makers and investors that would be involved making a casino in Israel a reality.
The State of Israel is interesting in that although it has so many characteristics of a western country, it has no separation of religion and state. Therefore, the religious groups in Israel, that have always played a significant role in the Knesset, and who are fundamentally opposed to gambling, have been able to completely block any discussions on the subject.
However, the growing popularity of gambling worldwide, and the fact that Israelis will travel abroad just in order to gamble, spending a lot of money in the process, and spend a lot of Israeli money to different country presents the case that it might just be a worthy economic venture for Israel to have a casino of its own. Thus, the money spent abroad will flourish within Israel's own economy. Also, legalizing gambling would considerably cut down, if not eradicate illegal gambling establishments in the country. In turn, it would also reduce the crime levels, and related felonies associated with these illegal establishments.