Casinos Austria International has launched a new casino in the Hilton hotel in Batumi, the capital of the Georgian Republic of Adjara.
Around €2.5m has been invested in the new casino in cooperation with a group of investors, who themselves also invested €60m in the construction of the hotel. The casino will create 180 jobs and welcome around 90,000 guests per year.
Karl Stoss, CAI director general, said: “We are in the fortunate position of having been able to enter this market early with strong partners.”
He added: “We have had to work tirelessly in recent years to consolidate our business and address legacy issues. It is a good feeling to be taking the lead again and to be starting something new.”
Alexander Tucek, CAI CEO, said: “We were approached about three years ago by a group of investors. Our analysis quickly confirmed the strong potential, and so we accepted the offer and grasped the opportunity.”
