First Bitcoin ATM in Israel debuts

The Jerusalem Post – Israel’s first ATM for obtaining bitcoins debuted on Sunday evening at the Bitcoin emBassy, a non-profit group devoted to spreading the virtual currency’s gospel. The bitcoin ATM functions differently from those consumers are used to. Anyone who is interested in buying bitcoins puts cash into the machine, and it credits their virtual wallet with the currency. “I am proud that the embassy has made the first bitcoin vending machine available in Israel. This is part of our mission, to make bitcoins accessible to the general public,” said Ayal Segev, from Bitcoin emBassy. The machine will operate…

Israel Sports Betting Board reports record 2013 revenue

Gaming Intelligence – The Israel Sports Betting Board (ISBB), the country’s sole licensed sports betting provider, has reported record income for 2013 with revenue up 7.3 per cent year-on-year. Total revenue rose to 1.92bn Israeli new shekels (NIS) or approximately €409m in 2013, with net profit climbing 1.2 per cent to NIS420m. The ISBB’s daily odds brand Winner remained the market-leading product with income up 3.8 per cent to NIS1.72bn, while its new horse race betting brand Racer, powered by La Française des Jeux subsidiaries Lotsys and LVS, generated income of NIS64m. SOURCE