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Online Casino Conditions >>> Betting News >>> January News


Victor Chandler Speaks With Israel About Online Gambling

by Sheri Smith, News Staff
Writer
January 14, 2007

When Chairman, Victor Chandler was questioned by Israeli officials about his company's online betting services, rumors abounded regarding the meeting, with some speculation arising that perhaps Chandler was being detained for violating online gambling laws in Israel. It has been confirmed, however, by Victor Chandler himself, that the meeting was anything but a forced interrogation. On the contrary, Chandler said he was invited by Israeli government officials to discuss licensing arrangements.

It truly would have been a shocker to see the "Gentleman Bookmaker" going down like some recent sports betting CEO's in the U.S. and France. Few other figures in the global gambling industry have garnered as much respect and appreciation as Victor Chandler. As the third generation Chandler holding the reigns of what has grown into the United Kingdom's leading independent gaming business, Victor Chandler has overseen massive expansion throughout Europe, Asia and the UK, resulting in the acquisition of customers in over 160 countries and employing over 500 people.

In Israel, the Victor Chandler all-in-one online casino, poker room, mobile betting platform, arcade games and sportsbook brings in a small portion of their annual revenue. However, VC CEO, Michael Carlton, said it is a market the company would still like to do business in. In the past, Victor Chandler was virtually the only independent online casino and gaming operator advertising and accepting bets from Israeli citizens. Since the Israeli state operates a gambling monopoly, Victor Chandler's presence in the market has occupied a somewhat grey area in terms of legality.

However, since Israel's State Prosecutor put forth a verdict that would make online gambling services provided by private casino operators an illegal service, and that credit card companies would be hit with felony charges for processing transactions made through such services, there has been some serious speculation concerning the Victor Chandler presence in Israel. Now, with the discussion of licensing arrangements in a continued presence in the Israeli state looks like a strong possibility.

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