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| Oasis in Jericho Closed |
11/3/2000 Casinos Austria closes The Oasis Casino in Jericho indefinitely The Oasis Casino, on the outskirts of Jericho, has been closed down indefinitely. Prior to the recent outbreak of violence in the Israel, the Oasis Casino was one of the major successes of the Palestinian economy. Now Casinos Austria, the parent company, has elected to close the now practically empty casino, after one month of instability. They would not divulge how much revenue and projected revenue had been lost. However, for a casino whose turnover had been soaring beyond expectations - to earn back the $50 million invested in it within two to three years - the impact of the closure could be devastating. During the previous two years, the October average for the casino was about 2,500 visitors a day, according to public relations representative Ilan Pilo. However, the recent spate of rioting has had a serious negative impact on the number of visitors to the casino. Pilo explained, "At the beginning of the riots, about 100 people a day would visit. Lately, however, the casino has been quite empty. The last few days, we had maybe a few visitors per day." According to Pilo, the closure is not yet permanent. He said, "We'll reconsider our position on the closure every day." |
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