Storm International financial report for 2017

Storm International financial report for 2017

Storm International, which manages gambling facilities, announced operating results for 2017. Сompared to the previous year, revenues increased by 12%, while net profit increased by 14.8%, said Michael Boettcher, Storm International founder.

In the reporting year, the greatest growth was shown by the Shangri La Tbilisi casino (21%) and Shangri-La Yerevan, with an outstanding figure of 48%. According to the management of the company, the main reason for the active development of both markets is an increase in the flow of foreign customers, who continue to discover Georgia and Armenia as attractive destinations for gambling.

Darren Keane, Storm International CEO, said that in 2017 the company took the first step in the development of online business by launching an online casino project, PlayShangriLa.com. For several years, the management of the company sought to create an Internet version of Shangri La. Online casino Shangri La started work in April 2017 and is designed to combine all the advantages of this brand.

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