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.