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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 :
FanDuel adds English Premier League action -
Daily fantasy sports operator FanDuel, which is now additionally active in the UK market, has announced the inclusion on its roster of English Premier League action, with associated contests scheduled for roll-out next week.
Coral Q4-2016 earnings reports -
Ahead of its forthcoming merge with Ladbrokes, the online and land gambling group Coral published its Q4-2016 financial numbers Thursday, detailing the twelve week period ended September 25 2016.
Unibet in cooperation with -
Online gambling operator Unibet Group has signed a cooperation agreement with the FIFA subsidiary Early Warning System GmbH (EWS).
Kiron Interactive in deal with Digitain -
The online gambling expo and conference EiG 2016 has enabled two online gambling companies to come together in a commercial deal; specialist virtual games supplier Kiron Interactive has inked an agreement to distribute its virtual games via Armenia’s Digitain.
GLOBAL SPORTS BETTING WORTH $253.3 BILLION BY 2020 -
Ujjwal Doshi, lead analyst at the research firm, says, “Low-cost cross-border service delivery is opening up sports betting markets, which were previously protected by state-regulated monopolies or dominant local operators.”
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