According to Emzar Jgerenaia, a well-known Georgian economics expert, hotel business generates good profit due to availability of casinos.
Expert believes that the main reason investors build four- and five-star hotels in the capital of Adjara is gambling venues.
The main purpose of hotel construction is casino opening. Gamblers and wealthy tourists from Turkey, Russia, Iran and Azerbaijan ensure profitability of the venues.
It should be noted that those casino operators who open hotels at their gambling venues have tax incentives.
Georgia’s budget revenue from gambling has increased more than fourfold over the past five years. In 2011 it received 52.65 million GEL from the market players, while in 2015 – 66.480 million.
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