Chinese lottery company Melcolot is on the verge of receiving a casino license in Georgia—the country, not the state.
Georgia’s Deputy Economic Minister Ketevan Bochorishvili indicated that the Melco International Development subsidiary could receive its casino operator license in the next two months, making it the company’s first casino project in Eastern Europe.
It’s been reported that the project will be built alongside the $140 million Millennium Biltmore Hotel complex with an estimated opening date of January 2016 for both establishments.
Melcolot’s interest in Georgia is well-documented, having previously partnered with Taiwanese gaming device maker Firich Enterprises Co to build a license under Express Wealth Enterprise, a “special purpose vehicle” (SPV) that holds a 15-year casino license in Tbilisi.
According to Melcolot Chairman and Non-Executive Director Tsui Che Yin, the company plans to attract visitors from the Black Sea area. Yin also added that the project is part of a bigger plan that involves developing other integrated resorts and casinos in Europe, including a “premium integrated resort near Barcelona, Spain.”
The Group believes that it is “in the interests of the Group and its shareholders to diversify the business and to actively pursue new business opportunities to regain the Group’s growth momentum.”
“We are thrilled to be the first supplier to launch Virtuals in Georgia, enabling players to enjoy world-class Virtual content for the first time,” Inspired Senior Vice President Steve Rogers said in a statement. “Inspired’s Virtuals are established and proven online – we look forward to a long term partnership with Adjarabet.”