Online Casinos-Higher Growth Expected In Georgia

Published Wednesday, December 14, 2011 -

Not everyone is familiar with the country of Georgia which is located at the crossroads of Western Asia and Eastern Europe, it is bounded to the west by the Black Sea, to the north by Russia, to the southwest by Turkey, to the south by Armenia, and to the southeast by Azerbaijan. The capital of Georgia is Tbilisi. Georgia covers a territory of 69,700 km² and its population is almost 4.7 million. Georgia is a unitary, semi-presidential republic, with the government elected through a representative democracy.

It is also becoming a country that has a lot of online gamblers. A recent article in the Financial suggests the spread of online casinos is bringing poker and other games to people there who love to play but don’t have the resources to go to a land based casino. Nazim Izmailov, Executive Director of Europe-bet commented on the trend, “The popularity of online games is increasing. Internet access is growing; the number of internet users is increasing at the same time. Many locals prefer online games to visiting a real casino. Georgians are very reckless,”
Georgian legislation requires a five million GEL license for casino registration. This fee allows you to run a real casino which is obligatory for running an online casino.

Bacho Gviniashvili, Director of Lariwin which has been operating in Georgia since September 2011 said,  “Gambling has a wide range of users in Georgia. Most people who are already eighteen years old begin to play online games. This new generation adds to the older players in the country and that increases the total number of gambling players,”  the Director continued, “International research shows that this increase will continue till 2016. I would say that higher growth is expected in Georgia than abroad. If for example the number of players increases by eight percent in the world, it increases two times more here. Economical opportunities in Georgia are much higher now than in previous years as well,”



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