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WHAT DOES BATUMI CASINO ESTABLISHMENT PROMISE INVESTORS?

03/06/2016

WHAT DOES BATUMI CASINO ESTABLISHMENT PROMISE INVESTORS?

Modern and comfortable casinos have begun to appear since 2007 and rapidly turned into one of main tourist attraction of the resort. Currently, eight gambling venues operate here and their amount is going to be doubled in the next two years. Privileged tax regime and the absence of administrative barriers make casino establishing in Batumi profitable and simple for enterprises.         

Gambling resort

A bright sun, warm sea, clean beaches, interesting combination of historical buildings and modern architecture provide an opportunity for the city to earn money on tourists. However, neither the first nor the second or the third reason makes it a unique Black Sea resort. It is Batumi casinos that attract a lot of guests, especially from countries where gambling is strictly or partially prohibited: Turkey, Azerbaijan, Armenia and Ukraine. Previous year, approximately 500 thousand players have visited Batumi casinos, and the year before this amount has been more than twice lower.            

Advantages for investors

As mentioned above, a process of establishing casino in Batumi is quite simple. Local bureaucrats don’t create additional obstacles. Governments of the country and municipality consider the gambling business as additional opportunities for tourism development. That is why, everyone aiming to establish a reputable casino in Batumi focused on stranger players get fiscal privileges.           

Investors who build a hotel for 100 and more rooms along with casino receive a license for free and are exempted from annual gambling fee for 10 years. A tax for other licensed operators is 250 thousand lari, which is significantly cheaper than, for instance, in Tbilisi.    

Government investment policy resulted in establishing eight casinos in Batumi. Previous year, the city budget has been increased by five million lari. By 2017, here will be another eight gambling venues.     

Well-developed transport infrastructure is a significant factor of the city attractiveness. The international airport, railway and seaport make Batumi casinos available for tourists.   

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