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TheMarkerSecurity

Former Mossad Chief Yossi Cohen Joins Israeli Casino Game Firm

Translated & summarized from TheMarker by baba

BusinessNeutral tone

Hebrew · 12 newsrooms covering

Former Mossad chief Yossi Cohen has joined the board of an Israeli casino game company reportedly seeking a $500 million investment. The article also covers financial market news and the Israeli startup scene.

The story in 3 lines · by baba

  • Former Mossad chief Yossi Cohen joins Israeli casino game firm's board.
  • The company is reportedly seeking a $500 million investment.
  • The article touches on broader financial news and the Israeli startup sector.
Former Mossad Chief Yossi Cohen Joins Israeli Casino Game Firm
Editorial illustration generated by baba News, not a photograph of the event.

Former Mossad chief Yossi Cohen has joined the board of directors of an Israeli company specializing in casino games, marking his first significant business role since leaving the intelligence agency. The company, which is not explicitly named but is described as an Israeli casino game developer, is reportedly seeking a substantial investment of half a billion dollars. Cohen's move into the private sector, particularly with a firm in the gaming industry, has drawn attention given his previous high-profile security role.

This development occurs amidst broader financial news, including concerns raised by Altshuler Shaham, an investment house, regarding a potential lawsuit over a transaction. The article also touches upon market fluctuations, noting declines on Wall Street with Amazon and Google experiencing losses. Additionally, it mentions the Israeli startup scene, highlighting a competitive landscape for securing AI agents, with 20 startups vying for $750 million in funding.

Further financial insights are provided, including a guide for Israeli investors on the S&P 500 index and information on index funds for bank stocks. The piece also notes a record high for the dollar-shekel exchange rate over the past 30 years. Other business-related items include a potential deal involving Liran Weitzman and an 'Indian shark,' and a discussion on affordable property purchases in Israel.

TheMarkerOther · Tel Aviv

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