"Crystalbet" profit up by 10% and stood at GEL196 million

access_time2022-11-24 12:00:12

"Crystalbet", the largest gambling operator in Georgia, earned GEL 453.5 million last year that is GEL 90 million more than in 2020. It’s worth mentioning that the company's income is the difference between the bets placed and the amount paid out to customers for winning.


According to the report, the company's net profit has also increased, in 2020 the company's net profit stood at GEL 177 million, in 2021 it increased to GEL 196 million, making "Crystalbet" one of the most profitable companies in the country.


In 2021, the company's income was as follows: income from online casino - GEL 350.7 million; income from the bookmaker - GEL 80.3 million; income from peer -to- peer games - GEL 9.4 million; other income - GEL 13.1 million.




In 2021, "Crystalbet" paid ₾17 million in salaries, GEL 210.6 million was spent on other operating expenses.


"Crystalbet" is owned by "Entain Georgia" LLC, a subsidiary of ENTAIN, a company listed on the London Stock Exchange (LSE) . ENTAIN is one of the world's largest sports betting and gaming groups operating in the online and retail sector.


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