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 legalization 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.