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Otium Casino: – Batumi, Georgia’s Las Vegas on the Black Sea, is growing. Since it reopened to travelers last March, two new casinos have popped up, bringing Batumi’s count to 11, with more in the pipeline.
“The place is the best,” said Casino International CEO Sergey Shagalov. “It is the meeting point for Europe and Asia. Close to the Middle East, an area without casinos.” world”.
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“That country is a hidden gem,” added Enrico Dovadola, the former director of Batumi. “If Georgians came to America before the Italians, we would probably be eating Georgian food instead of pizza,” including egg and cheese bread khachapuri washed down with wine fermented in clay jars.
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Recent geopolitical events lean heavily in Batumi’s favor. More firmly, the authorities in Georgia and the Ajara Autonomous Republic – Batumi is the capital of Ajara – embrace gambling.
“Gambling is the engine of the place,” said Peace Casino manager Shota Amiranashvili, also the head of Batumi’s casino association. “Everything is connected to the gambling industry here.”
Freden lives in Batumi’s Sheraton hotel, a 21-story replica of the old Alexandria Lighthouse, the city’s tallest building when it opened in 2010. Government incentives to combat Soviet-era architecture have resulted in a proliferation of iconic skyscrapers.
“It used to be a small town, but everything changed with the casino,” said Princess Casino president Erlap Kanmaz in Batumi, halfway through his 25 years in Georgia. The Princess gaming floor and the adjacent Wyndham hotel are located in the old town center, the old Post and Telegraph Office. “12 years ago, a casino, 15 hotels in Batumi. Now a 50-story building.” And 206 hotels listed on Tripadvisor.
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Batumi Boulevard creates a seven-kilometer (4.4 mi) green belt from the sea with gardens, parks, parks, theaters and theaters. A walk and a trip together with the beach have fun in the summer season, which starts from mid-May to September.
Firm numbers are elusive, but Ramachandar Siva, director of Batumi’s newest casino Otium, estimates that Batumi receives between one and two million international tourists each year. . It follows Georgian government data showing 9.4 million visitors in 2019, with one in five tourists including Ajara.
Georgia allows visa-free entry for citizens of 94 countries. Turkish citizens can enter Ajara on the ground with their national ID card. Casinos require an ID number and registration with at least 18 years (25 for Georgians).
Batumi’s 11 casinos have a total of 200 tables and 1,500 slot machines. Roulette, Russian poker – five different cards – other poker games are also played against the house and blackjack is the most popular table game. Income in US dollars is greater than the opening, including in the Georgian lari (GEL), from nine to one on some floors, although Princess has an opening that it buys more than get of the income, more business.
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Bets on card games start as low as US $ 10, roulette from US $ 1. The highest VIP room can exceed $ 50,000. Instead of chip programs, casinos offer 10-20% “rebates” on losses or additional credit on deposits, in addition to airline tickets and hotels.
Euro Pacific Asia director Shaun McCamley attributes Batumi’s success to “the proximity to Turkey, easy access to Israeli junkets and discount programs that elsewhere would leave the gambling operators forced to break.”
“We don’t try to give money back,” said Shagalov. “Reduction in Losses Interests Cheaters.” Formerly under the management of Casinos Austria International, Casino International at Batumi’s Hilton requires a $100 buy-in for entry, including access to a complimentary meal.
Batumi’s first casino competitor, Turkish-occupied northern Cyprus, offers bigger discounts, promotions of up to 50%, bigger resorts and Mediterranean sunshine, but no international flights. or international hotels. Conflict in Ukraine short-circuited efforts to restart casinos there. Relevant to Belarus.
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Batumi gaming revenue from $180 million to $600 million annually. Five years ago, the market moved around seven casinos.
Gaming Supplies LLC was opened in Batumi in 2017. “Georgia was chosen because of the significant development of the gaming industry spanning at least ten years, many open casinos compared to stagnation and restrictions gambling in other countries in the region,” said the company involved Yaroslav Roshchin.
“An important thing is the business-friendly economic system, simple rules and tax rules. The reform of the law and financial management has made it easier for international business. field and industry, making Georgia a great regional center for casino equipment and supplies.”
Forming a company in Georgia can be done in a day. For Batumi casinos, an annual license costs GEL250,000 (US$90,000 / €93,000 / £80,000); in the most populous city of Tbilisi, also the hub of Georgia’s online gaming sector, licenses run GEL5m.
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In addition, Batumi workers pay 24,000 GEL per board and 2,600 GEL per slot machine quarter (marginally higher than Tbilisi prices).
Georgia waives annual license fees for hotel casinos with at least 100 rooms. All Batumi casinos are located in hotels, mostly international brands. Mandarin Bay, under development in the Old Town, plans to operate as a boutique club taking a page from London’s Mayfair district.
Batumi casinos have an average of 20 tables and 150 slots. In the hotel room and using revenue sharing, the casino competition can be installed for as little as 5 million. USD, the source said.
Economical does not mean cheap. “Our casinos here are better than European casinos,” said Peaces Amiranashvili. “My casino in London will be the best [in the city].”
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Georgia’s largest casino at 5,300 square meters (57,049 square feet), the golden-hued Eclipse has 39 tables, including an eight-table poker club with 158 slots plus two roulette table EGMs. Eclipse has Russian owners; Batumi casino owners also include Georgians, Turks and even Malaysians.
Traditionally, Turkish Black Sea players dominate Batumi. They often cross the border at Sarpi and are picked up by casinos or take a taxi for 20 minutes to Batumi.
“Here they can do things they can’t do at home,” said Empire Casino director Nino Kapanadze. The forbidden fruits include gambling – Turkey banned casinos in 1996 – and drinking alcohol with less legal and cultural restrictions.
In recent years, Israel has become the second strongest place in the market, increasing from last year. “When we reopened, the Israelis didn’t let the Israelis go to many places,” Kanmaz said, but Batumi made the agreement. Princess now requests 30-40 hotel rooms per night for players, compared to five in 2019.
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Georgia residents accounted for 19% of all casino visitors in 2019, according to federal statistics. But people in the casino say that Georgians are not the main players, and neither are the tourists from the largest tourist countries of Armenia, Azerbaijan and Russia.
It takes about two hours to fly from Tel Aviv to Batumi, with scheduled flights and charters helping along the way. “Our customers are looking for a good vacation, not just gambling,” said Israeli junket operator Fly4Win representative Izabella Dumbadze. The “casino game expert” sends at least 50, mostly VIP, players to Batumi every week.
“Israelis love Georgian food, shopping, medical, dental and cosmetic surgery here,” says Empire’s Kapanadze, adding to the rugged, green Lesser Caucasus topography around Batumi.
“Before, Batumi was the season. Now the situation has changed,” added Batumi’s female casino director alone. “This winter [2021-2022] compared to the year the past has been better. Israelis come here all year round. They don’t care about the weather. “Visitors from the Middle East can enjoy Batumi’s rainy and changing seasons, including mild winters with occasional snow and skiing nearby.
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The Israeli influx coincides with the financial crisis in Turkey, where the value of the lira has fallen almost 60% in the past two years, causing many Turkish players to switch to the slots.
“You can see how Turkish customers are cutting back,” says Iveria’s chief operating officer Beka Nakaidze. Iveria Group has a branch in Tbilisi that attracts customers from the Persian Gulf and Armenia. Nakaidze says that Iveria Batumi gets about a third of its players from places other than Turkey and Israel, which is a high number for the market.
Iveria customers include Chinese who play at their two baccarat tables. The Royal Casino, a short walk from the Old Town’s Europa Square, has six baccarat tables of its 18 in total, plus nui nui, a popular card game in Southeast Asia that includes elements of baccarat and pai play poker.
“China is our second customer,” after the Israelis, said the Royal casino director Boris Braslavskiy. Perhaps they are from Batumi’s small Chinese population that has emerged in the last 18 months. Royal, which opened with new investment and management in June 2021, offers Asian food and a night with karaoke.
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Astar Casino, which opened in June, counts on Batumi the site of the ancient Silk Road and China’s current use of the belt to ping Asian radar. “Georgia is very unique for Asians,” says Edmund Lim, an executive with about 20 years of experience, most of it with the Genting Group in his native Malaysia. “I see Georgia as the best of both worlds, an Asian city with a taste of Europe.”
With 15 tables, Astar has three VIP rooms with baccarat, $50,000 limit, one with niu niu and two main floor games. “In the future, we can offer more Asian games if there is demand,” said Lim. This Best Western hotel has a Chinese restaurant on the top floor.
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