Adjara Group leaves the gambling business

Adjara Group leaves the gambling business

access_time2019-05-13 09:00:50

Adjara Group closed the casino at one of its hotels 2 months ago not due to the financial problems but due to the company’s new strategy which envisages  for a phased withdrawal from gambling.

In February the company sold the online gambling company Adjarabet - the Irish Paddy Power Betfair bought 51% of the company's shares for 116 million euros.

“It was a very attractive offer which we agreed but over time we want  to leave the gaming industry and  focus on agriculture and the hotel business, including outside Georgia,” the company says.


 



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