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Having invested hundreds of thousand of dollars in the renovation of the casino, it is suspected that one of its owners, the Austrian entrepreneur and former Stories surrounding the casino continue to be told up until today, most of which concern issues of corruption and the involvement of both high rank Israeli and Palestinian politicians. Due to security concerns, which led to the absence of Israeli visitors, the casino was closed down shortly after. The choice of Jericho as location was based on its historic tourist status in the region, as well as its natural beauty, opportunities for development and probably most importantly, its proximity to the centre of Israel and Jordan, and hence also its convenient access for foreign tourists.Īt the same time, however, the operators of the casino thought it appropriate to make their visitors forget that they are in Palestinian controlled Jericho which led to it being built as closely as possible to the border of an Israeli controlled area (a few hundred yards from the last Israeli checkpoints before entering Jericho) and Palestinians, unless they would hold a foreign passport, were banned from using the facility.Īfter only a year of operation, the casino welcomed daily an amount of 2800 visitors, who would spend US$1 million.ĭuring the first days of the Second Intifada, Palestinian militants reportedly used the casino to fire at IDF soldiers, who in turn blew a hole into its front. Just like Judaism, Islam condemns any form of gambling.
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This clear imbalance between supply and demand of gambling thus generated expectations among the PA to generate millions of dollars in investment proceeds and tax returns and made them ignore the opposition of its population and religious leaders. It was mainly based on the fact that, while according to gaming industry analysts, Israelis are among the world’s most prolific gamblers, gambling itself was and continues to be illegal in Israel and the closest casinos are located in the Sinai and on boats outside of Eilat. The cost of the construction of the casino was estimated at US$ 92 million and included 2800 square metres of gaming floor, including 35 tables and 220 slot machines (both of which would increase during the course of the existence of the casino).Īlthough a cooperation between Israel and the PA, the decision to build a casino, rather than investing money into more practical infrastructure projects, such as housing, highways, electric generation plants or water treatment facilities, was an independent one made by the PA. Following the signing of the Oslo Accords in 1993, the PLO, together with Israel and the United States engaged in activities to solicit private and public investment to assist the Palestinian government to boost its economy.Ĭonstituting the largest private investment project in the Palestinian territories, as well as the first major cross-border development project involving Israel, the Palestinian Authority (PA) and Jordan, the Oasis Casino opened its doors in September 1998.