Georgia's gambling sector has grown at an amazing pace over the past few years. According to Geostat, the size of the sector in 2019 (the amount of bets placed) amounted to 25.86 billion GEL, which is 87% billion GEL compared to 2018. The value added volumes created by gambling games was 901 million GEL in 2019, which was 156 million GEL more comparing to 2018.
Financial Results of Gambling Stores:
Adjarabet Group:
● Revenue in 2019 - 284 million GEL;
● Net profit in 2019 - 75 million GEL;
● Company Assets in 2019 - 114.5 million GEL.
Betlive consists of two main companies:
1) Deidrim Universal Georgia Ltd
● Revenue in 2019 (mainly from gaming machines) - 294 million GEL;
● Net profit in 2019 - 3.9 million GEL;
● Company assets in 2019 - 11.1 million GEL.
2) Betlive
The company consists of basic companies:
● Revenue in 2019 (mainly from online casinos andgambling machines) - 81 million GEL;
● Net profit in 2019 – 3.9 million GEL;
● Company assets in 2019 – 11.1 million GEL.
● Revenue in 2019 (mainly from online casinos and online totalizators) - 81 million GEL;
● Net profit in 2019 - 13 million GEL;
● Company assets in 2019 - 12 million GEL.
Crystalbet:
● Revenue in 2019 (mainly from online casinos and online totalizator) - 260.2 million GEL;
● Net profit in 2019 - 94.3 million GEL;
● Company assets in 2019 - 89.6 million GEL
Corocobet
● Revenue in 2019 - 36.8 million GEL;
● Net loss in 2019 - 2.6 million GEL;
● Company assets in 2019 -5.5 million GEL
