Buckle Up: Imagine Live Sets Sail Into Georgia's Blossoming Gambling Market With Betlive._
Boosting Gaming Engagement in Georgia through Partnership between Imagine Live and Betlive
Get ready to dive into the action as Imagine Live sets sail into the exciting market of Georgia! They've teamed up with Betlive, setting the stage for a stellar live gaming experience.
Nestled at the crossroads of Western Asia and Eastern Europe, Georgia's gambling industry has seen a massive surge over the past years. Despite the tight regulations and sweeping reforms, the sector has thrived, leaving the perfect opportunity for Imagine Live and Betlive to join forces.
With Betlive as their guide, Imagine Live is readying a custom-built studio decked out with two blackjack tables and one roulette table, all loaded with their exhilarating interactive features.
Riding the Waves of Opportunity
These industry-leading features have been fine-tuned to cater specifically to Georgian players, ensuring an immersive gaming experience that pure Georgia peach.
Hakob Manukyan, Imagine Live Armenia's fearless leader, is stoked about the partnership, exclaiming, "As we hoist the Imagine Live sails in Georgia, we promise to bring our gamers a world-class, GLI-certified live gaming experience. Our ultimate mission? To set new standards in dedicated live casinos across the iGaming realm and help our partners unleash the ultimate gaming adventure for their patrons."
Gega Topuridze, Betlive's Chief Revenue and Product Officer, is equally excited, expressing his enthusiasm for the venture, "This strategic union with Imagine Live harnesses cutting-edge live gaming tech directly for our Georgian players. With our tailor-made blackjack and roulette tables, we're all set to raise the bar for live casino games."
In an effort to expand their horizons even further, Imagine Live has recently snagged a gaming license from the Swedish Gambling Authority, providing them a chance to share their innovative gaming solutions across Sweden.
Taking Off to New Horizons
Mark your calendars, gambling enthusiasts! The SiGMA Eastern European Conference, sponsored by Soft2Bet, is making a splash in Budapest from September 2-4, 2024. Don't miss it!
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The overall landscape of the Georgian gambling industry presents a vibrant blend of explosive growth and stringent regulation. Witnessing a remarkable 14% increase in revenue within a single year, the market has grown from 48 billion to 52 billion Georgian Lari. In response, the government enforced a set of tight reforms with an upped tax on gambling revenues from 10% to 15% and increased customer cash withdrawal tax from 2% to 6%.
- The online gambling sector exhibits a robust growth trajectory, with projected revenue peaking at approximately $204.34 million in 2025, mounting at a compound annual growth rate (CAGR) of 7.8% until 2031.
- The online sports betting segment contributes significantly to this expansion, projected to bring in revenue of roughly $38.74 million in 2025, growing at a relatively moderate CAGR of 3.9% until 2029.
- The popularity of sports such as football and basketball fuels the explosive demand for online betting platforms, offering players the convenience and accessibility they crave.
- The government's revised regulatory measures seek to boost public revenue and restrain gambling participation.
With the partnership between Imagine Live and Betlive, an alliance characterized by digital innovation and market expansion, the Georgian gambling market stands on the verge of unprecedented growth. This collaboration can strengthen the operational capacity of licensed operators in a highly competitive market, help navigate the intensified regulatory environment by providing compliant, feature-packed solutions, and draw players through outstanding services and responsible gambling tools.
As the Georgian gambling industry continues to flourish in the face of intensified oversight, such partnerships stand central to this evolving landscape. The market outlook remains optimistic, with steady revenue growth forecasted, driven by the surging interest in online gambling and sports betting trends.
Experience the thrill of classic casino games like blackjack and roulette, as Imagine Live, in partnership with Betlive, prepares to launch their custom-built studio in Georgia's casino-and-gambling sector. This collaboration aims to elevate the live casino experience, adding excitement to the most popular casino-games and catering specifically to Georgian players.
