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GEORGIA EMBRACES ONLINE GAMBLING

December 12,2011 : Casino operators claim double that of global growth
 
Online casino owners in Georgia, a sovereign state of approx. 4.7 million residents in the Caucasus region of Eurasia, claim a boom in the demand for online casino's, double that of global growth, as internet access grows in the state.
 
Georgian residents are reportedly embracing the ease of online gambling, with a penchant for online poker, as opposed to visiting terrestrial locations and are ideally suited in temperament for gambling being described as erudite and excitable by Oto Shalikashvili, CMO of Adjarabet.
 
"Launching an online casino business is easier in Georgia than getting an international license", an unnamed online casino owner told Georgian news site The Financial.  Georgian legislation requires a five million GEL (GBP 1.935 million) license for casino registration that allows the establishment of a terrestrial casino - a prerequisite to operating an online casino.
 
“To start with we brought online casino and poker to the market. Then as demand increased we added a new product - totalizator. We are oriented on high quality and the newest games. These are intellectually high-level games. We create a product that gives us profit,” said Bacho Gviniashvili, director at Lariwin, adding that business is very profitable in the country.

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Gambling News :

Interwetten 2016 Earnings Results - Privately-owned online sports betting operator Interwetten delivered robust full year results for the 2016 fiscal period, in which the company has almost achieved doubling its revenues over the past four years, success it attributes to its in-house developed platform

EU Online Gambling Tax Harmoney Dead - Tax expert says European Court of Justice Attorney General's opinion on UK-Gibraltar litigation signals that EU courts are happy for individual member states to impose their own laws on online gambling.

Jack Lam Facing Big Fines in the Philippines - It's going to be costly for Macau online gambling and junket tycoon Jack Lam to return to the Philippines following his rather hurried departure last year with allegations of economic sabotage, bribery and tax evasion swirling around him.

Walter Merricks Term As Gambing Commissioner Extended - The UK Government has extended Walter Merricks’ term as Commissioner of the Gambling Commission for a further year, ending December 31, 2017.

Loot’enKhamun Pays $3.8 Million Jackpot - A London-based construction worker’s year got off to a great start when he hit the Loot’enKhamun jackpot at bwin casino.

PlaySugarHouse To Carry Konami Content - Content provider Konami will provide its Gypsy Fire and Fortune Stacks slot games to Rush Street Interactive-operated PlaySugarHouse.com on an exclusive basis in the New Jersey real-money online and mobile wagering market.

ITF TERMINATES BETWAY SPONSORSHIP DEAL - The International Tennis Federation (ITF) has reportedly terminated Betway’s three-year sponsorship partnership as an extension to their anti-match fixing and sports integrity policy.

GSA To Launch European division - The expansion enables the GSA to better focus on the regional needs of its members outside of North America and underscores its recognition and commitment to growing European membership.

Paddy Power Trading Update - Company prevails despite adverse sports and US election results; Trump success cost the group GBP 5 million, whilst punter successes took another GBP 40 million in Q4-2016.

Tabcorp SunBets project - The details were revealed this week in an IT News article quoting Tabcorp's chief information officer, Kim Wenn, who described the SunBets project as Tabcorp's biggest global venture yet.

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