To give some examples: what can we say about the action of $\Gamma$ on the set $V$ of points of $S^1$ that are not fixed for any element of $\Gamma$? Does there exist a Borel fundamental domain for the action of $\Gamma$ on $V$?
What can be said about orbits of this action?
I have added the ergodic theory label because maybe people expert in ergodic theory may provide good answers!
@ Glougloubarbaki
for a closed hyperbolic manifold the set $\Omega$ should be always empty..
The action of $\Gamma$ on $S^1$ is ergodic with respect to the Lebesgue measure class on $S^1$, and the set of points fixed by elements of $\Gamma$ is countable. So no, there is no good notion of a fundamental domain for the action on $V$.