For Gambling Professionals: Casino Investors Day SummitPublished June 17, 2015 by Lee R
The Georgian region is wide open, and iGaming professionals are on the way.
Gambling professionals, if you have not been able to make it to all the amazing iGaming events and conventions going on this year, here is your chance to make up for lost time.
On the 31st of July, all gambling professionals can attend an exclusive event in the Georgian resort of Batumi for Casino Investors Day summit. It is designed as a networking haven for all members of the iGaming industry, from investors to operators to software and platform providers to gaming operators to government representatives.
Over 150 delegates representing upwards of 20 countries will converge on this exquisite site to share ideas and information about current trends in iGaming, current innovation, emerging technologies, and provide insight into the evolution and development of gambling in the host country's essential global economic territory.
This takes place at a time in which the Georgian government is investing heavily in domestic development of the casino and tourism industry, with Batumi being the focal point as the Georgia iGaming hub.
Currently, Georgia has established 6 land-based casinos in Batumi, which are already garnering revenues in the tens of millions per weekend. With plans for 8 more casinos by the end of 2017, and leading hotel chains such as Sheraton, Hilton, Radisson, Kempinski adding luxurious accommodations there, Batumi is starting to look like the Las Vegas of the East. Another $1.2 billion is currently invested in another 23 hotel development projects as we speak.
The expansion is not limited to land-based operations. Georgia is also developing its regulations for online gambling.
Batumi has significant visible benefits for casino business expansion. There is a ban on gambling in neighbouring countries, so a lot of regional traffic is centralized, with easy access due to the close proximity of the Batumi international airport, seaport, railway. Regulation is relatively modest in the country's gambling sector at this point as well, with preferences readily available for taxes and permits for new operators.
The Casino Investors Day summit is a golden opportunity to learn more about how to harness those benefits and close those deals.