Company Background
Crocobet (კროკობეთი in Georgian) was founded in 2017 in Tbilisi, the capital of Georgia. Under the chairmanship of Temur Mikeladze, the company has grown to employ over 224 people and was named the fastest-growing Georgian gambling company in 2019 — just two years after its launch.
What makes Crocobet’s position in the Georgian market particularly noteworthy is the competitive landscape it operates in. The top tier of Georgian online gambling is dominated by two operators backed by the world’s largest gambling corporations: Adjarabet, acquired by Flutter Entertainment (UK) in 2019, and CrystalBet, which became part of the Entain (UK) portfolio. Both of these parent companies are publicly traded multinationals with annual revenues in the billions.
Against this backdrop, Crocobet stands out as a privately-held, Georgian-owned company that has successfully maintained a top-three market position. This is a significant achievement in any regulated gambling market, where scale, technology budgets, and brand recognition tend to favour international operators. Crocobet has countered these advantages through product innovation, deep local market knowledge, and community investment that resonates with Georgian consumers.
Key Company Facts
- Full Name
- Crocobet (კროკობეთი)
- Founded
- 2017, Tbilisi, Georgia
- Chairman
- Temur Mikeladze
- Employees
- 224+
- Ownership
- Georgian private company
- Notable
- Fastest-growing Georgian gambling company (2019)
Licensing & Safety
Crocobet is fully licensed by the Revenue Service of Georgia under the Ministry of Finance, the sole regulatory authority for gambling operations in the country. This licence authorises Crocobet to offer online casino games, sports betting, poker, and related products to players within Georgia.
Georgian gambling law requires all licensed operators to undergo technical certification. In Crocobet’s case, its gaming systems are certified by Random Systems Georgia, which verifies the integrity of random number generators, game fairness, and platform security. The operator is also subject to regular compliance audits to ensure ongoing adherence to regulatory standards.
From a security standpoint, Crocobet implements industry-standard SSL encryption to protect player data in transit, and maintains data protection practices consistent with Georgian regulatory requirements. Player funds are managed in accordance with local regulations governing segregation and protection of customer balances.
Game Selection
Crocobet offers a library of over 300 slot games sourced from some of the most respected providers in the global iGaming industry. Players will find titles from Pragmatic Play, Big Time Gaming, NetEnt, and Evolution Gaming, among others. The catalogue spans classic video slots, Megaways variants, jackpot games, and themed titles across a range of volatility levels.
Beyond traditional slots, Crocobet operates a live casino powered by leading live dealer technology. Available games include live blackjack, roulette, baccarat, and a selection of game shows — all streamed in real-time with professional dealers.
The platform also features a dedicated poker room, catering to both casual and experienced poker players in the Georgian market.
A particularly distinctive element of Crocobet’s game offering is its inclusion of Georgian traditional games — dominoes, backgammon (known locally as “nardi”), and bura. These games are deeply embedded in Georgian social culture and are not typically found on international gambling platforms. Their presence on Crocobet reflects the operator’s understanding of its domestic audience and willingness to invest in content that serves local preferences.
UFO Crash Game
Developed in-house and launched in 2020, UFO is Crocobet’s proprietary crash-style game. In crash games, a multiplier increases from 1x upward, and players must cash out before the “crash” occurs. UFO represents a significant investment in original game development — rather than simply licensing third-party content, Crocobet has created a unique product that cannot be found on competing platforms. This kind of proprietary development is unusual for operators of Crocobet’s size and demonstrates a forward-thinking product strategy.
Betzone Social Betting
Launched in 2019, Betzone is an innovative social betting platform that allows users to create bet combinations and share them with other players. This feature bridges the gap between traditional sports betting and social media, enabling a community-driven betting experience that is unique in the Georgian market. Betzone effectively transforms solitary betting activity into a social experience, tapping into the communal nature of Georgian culture.
Game Providers
Sports Betting
Crocobet operates a comprehensive sportsbook that covers both domestic Georgian and international sporting events. For Georgian football fans, the platform provides extensive coverage of the Erovnuli Liga (Georgian Premier League), including pre-match and live in-play markets for all fixtures.
International football coverage spans the UEFA Champions League, English Premier League, La Liga, Serie A, Bundesliga, Ligue 1, and dozens of other leagues and cup competitions. Beyond football, the sportsbook covers basketball, tennis, boxing, MMA, and a growing esports section.
Live in-play betting is available across most major events, with dynamically updating odds and a wide range of market types including match result, over/under, handicaps, correct score, first goalscorer, and numerous prop bets. The platform’s live betting interface is responsive and functional, providing real-time statistics and match visualizations.
Complementing the sportsbook is Croco.ge, a dedicated sports news and analysis portal operated by Crocobet. This free-to-access resource provides Georgian-language sports journalism, match previews, player interviews, and analytical content. The existence of Croco.ge extends Crocobet’s value proposition beyond pure gambling into sports media and community engagement.
Payment Methods
Crocobet’s payment infrastructure is designed primarily for the Georgian market, with GEL (Georgian Lari) as the primary currency. This localized approach means Georgian players avoid currency conversion fees and benefit from faster processing times compared to operators primarily serving international markets.
Deposit and withdrawal options include cards from Georgia’s three major banks — TBC Bank, Bank of Georgia, and Liberty Bank — which together serve the vast majority of Georgian banking customers. Standard bank transfers are also available for players who prefer traditional banking methods.
Electronic wallet options are available for players who prefer digital payment methods. Crocobet processes withdrawals on a rolling basis, with most withdrawals completed within a reasonable timeframe, though processing times can vary depending on the payment method selected and verification requirements.
| Method | Type | Currency |
|---|---|---|
| TBC Bank | Bank Card | GEL |
| Bank of Georgia | Bank Card | GEL |
| Liberty Bank | Bank Card | GEL |
| Bank Transfer | Direct Transfer | GEL |
| E-Wallets | Electronic Wallet | GEL |
Customer Support
Crocobet offers customer support in three languages: Georgian (primary), English, and Russian. This trilingual capability reflects both Georgia’s linguistic landscape and the platform’s aspirations to serve a diverse user base.
Support channels include live chat for real-time assistance, email for detailed inquiries, and phone support for players who prefer direct voice communication. In-app support is also available for mobile users, ensuring that assistance is accessible regardless of the device being used.
A significant advantage of Crocobet’s support operation is its Georgian-speaking staff. While this may seem obvious for a Georgian company, it represents a genuine advantage over international operators that may route Georgian customers to English-speaking support centres with limited understanding of local banking, regulatory, and cultural context. Crocobet’s support team understands the specifics of Georgian payment methods, local regulations, and the nuances of communicating with Georgian customers.
Mobile Experience
Crocobet offers a fully optimized mobile platform that provides complete feature parity with the desktop experience. Every product available on the desktop site — casino games, sports betting, live casino, poker, and proprietary games like UFO and Betzone — is accessible on mobile devices.
Native mobile applications are available for download, providing an optimized experience with push notifications for live betting updates, promotional offers, and account activity. The mobile apps are designed to work efficiently on the range of devices commonly used in the Georgian market, including mid-range smartphones with varying connectivity conditions.
The mobile-responsive web version also performs well for players who prefer not to download a dedicated application. Navigation, account management, deposits, and withdrawals are all fully functional through the mobile browser, maintaining a consistent experience across all access points.
Responsible Gambling
Crocobet implements a range of responsible gambling tools in compliance with Georgian regulatory requirements and industry best practices. These tools are designed to help players maintain control over their gambling activity and intervene early if patterns of concern emerge.
Available responsible gambling features include self-exclusion options that allow players to temporarily or permanently close their accounts, deposit limits that cap the amount a player can deposit over defined time periods, and session time reminders that alert players to the duration of their current gaming session.
Age verification is strictly enforced in compliance with Georgian law, which sets the minimum age for casino games at 21. Crocobet implements identity verification procedures during the registration process to prevent underage access.
The operator also participates in responsible gambling initiatives and provides links to support resources for players who may be experiencing gambling-related difficulties. This commitment to player protection is an important element of Crocobet’s operation as a licensed and regulated Georgian operator.
Community Impact
One of the most distinguishing aspects of Crocobet’s operation is its community investment, which goes significantly beyond typical corporate social responsibility efforts in the gambling industry. As a Georgian-owned company, Crocobet’s profits are reinvested locally rather than flowing to international parent companies — a distinction that carries real economic significance.
COVID-19 Response
During the COVID-19 pandemic, Crocobet donated 1 million GEL to Georgia’s COVID-19 relief efforts. This was one of the largest corporate donations in the Georgian gambling industry and demonstrated a tangible commitment to the well-being of the Georgian population during a period of crisis. The donation was directed toward medical infrastructure, protective equipment, and support for vulnerable populations.
Sports Sponsorship
Crocobet serves as the official sponsor of 12 or more Georgian football clubs, making it one of the most active sports sponsors in the country. Beyond football, the company actively supports Georgian athletes across multiple sports disciplines. This sponsorship extends beyond mere brand visibility — it provides meaningful financial support to Georgian sports at a time when domestic athletics rely heavily on corporate sponsorship.
Media Ecosystem
Crocobet has built an ecosystem of media properties that extend its brand beyond the gambling platform itself. Croco.ge serves as a free sports news and analysis portal providing Georgian-language sports journalism to the public. Croconet.ge functions as an entertainment and movie portal. These properties create value for the Georgian public regardless of their gambling activity, positioning Crocobet as a media and entertainment company rather than solely a gambling operator.
This level of community investment distinguishes Crocobet from foreign-owned competitors whose profits flow overseas to international parent companies. For Georgian consumers who value supporting locally-owned businesses, this represents a meaningful differentiator.
Pros & Cons
Advantages
- Georgian-owned and operated — profits reinvested locally in the Georgian economy
- Innovative proprietary products (UFO crash game, Betzone social betting) developed in-house
- Strong community investment including 1M GEL COVID-19 donation and sponsorship of 12+ football clubs
- Multilingual support in Georgian, English, and Russian with native Georgian-speaking staff
- Competitive top-3 market position against multinational corporations (Flutter, Entain)
- Growing game library with quality providers including Pragmatic Play, NetEnt, and Evolution Gaming
Disadvantages
- Smaller game library (300+ titles) compared to Adjarabet’s 1,000+ — fewer choices for variety seekers
- Newer brand (founded 2017) with a shorter track record than established competitors like Adjarabet (2006)
- Limited international brand recognition outside of the Georgian market
- Some payment method processing times could be faster, particularly for certain withdrawal methods
- Bonus offers and promotional incentives may be less aggressive than those offered by larger, better-funded competitors
Frequently Asked Questions
Is Crocobet a legitimate online casino?
Yes. Crocobet is fully licensed by the Revenue Service of Georgia under the Ministry of Finance. It operates under Georgian gambling law and is subject to regular compliance audits and technical certification by Random Systems Georgia.
When was Crocobet founded?
Crocobet was founded in 2017 in Tbilisi, the capital of Georgia (Caucasus). Despite being a relatively young brand, it quickly rose to become one of the top-three gambling operators in the country.
How many games does Crocobet offer?
Crocobet offers over 300 slot games from top-tier providers including Pragmatic Play, Big Time Gaming, NetEnt, and Evolution Gaming. In addition to slots, the platform features a live casino, poker room, sports betting, and proprietary games like UFO and Betzone.
What is the UFO crash game on Crocobet?
UFO is a proprietary crash-style game developed by Crocobet in 2020. It is a locally-created product unique to the platform, demonstrating Crocobet’s investment in in-house game development rather than relying solely on licensed third-party content.
What is Betzone on Crocobet?
Betzone is a social betting platform launched by Crocobet in 2019. It allows users to create and share bet combinations with other players, bridging the gap between traditional sports betting and social media. This innovative feature is unique in the Georgian market.
Is Crocobet available in English?
Yes. Crocobet supports three languages: Georgian (primary), English, and Russian. The platform interface, customer support, and key informational pages are available in all three languages.
Who owns Crocobet?
Crocobet is a Georgian private company. The Chairman is Temur Mikeladze. Unlike its top competitors Adjarabet (owned by Flutter Entertainment) and CrystalBet (owned by Entain), Crocobet remains independently Georgian-owned.
What sports can you bet on at Crocobet?
Crocobet offers a comprehensive sportsbook covering the Georgian Premier League (Erovnuli Liga), international football (Champions League, Premier League, La Liga), basketball, tennis, boxing, MMA, esports, and many more sports. Live in-play betting is available across most events.
Does Crocobet support responsible gambling?
Yes. Crocobet provides self-exclusion options, deposit limits, session time reminders, and enforces strict age verification (21+ for casino games in Georgia). The operator partners with responsible gambling initiatives and complies with Georgian regulatory requirements.
How does Crocobet compare to Adjarabet?
Both are top-tier Georgian operators. Adjarabet (owned by UK-based Flutter Entertainment) has a larger game library with over 1,000 titles and a longer track record since 2006. Crocobet differentiates itself through Georgian ownership, innovative proprietary products like UFO and Betzone, and significant community investment. Your choice depends on whether you prioritize game variety or local innovation and independence.
What payment methods does Crocobet accept?
Crocobet accepts Georgian bank cards from major banks (TBC Bank, Bank of Georgia, Liberty Bank), bank transfers, and electronic wallets. The primary currency is GEL (Georgian Lari), and withdrawals are processed relatively quickly.
Does Crocobet sponsor Georgian sports?
Yes. Crocobet is one of the most active sports sponsors in Georgia, serving as the official sponsor of 12+ Georgian football clubs and supporting individual athletes across multiple sports. This level of sports investment is a distinguishing feature of the brand.
Final Verdict
Overall Rating
Crocobet represents the best of Georgian-owned gambling — a company that has grown from a 2017 startup to a top-three operator in one of the most competitive markets in the Caucasus region. In a landscape where multinational corporations like Flutter Entertainment and Entain have acquired leading brands, Crocobet stands as proof that a locally-owned operator can compete on quality, innovation, and community investment.
The proprietary products — UFO crash game and Betzone social betting — demonstrate a product development capability that goes beyond what most operators of comparable size invest in. The 1 million GEL COVID-19 donation and sponsorship of 12+ Georgian football clubs show a company genuinely embedded in its community. The inclusion of traditional Georgian games like nardi, dominoes, and bura reflects a deep understanding of the local audience.
The main area for improvement remains game library depth. With 300+ slots compared to Adjarabet’s 1,000+, variety seekers may find the selection limiting. However, this gap is narrowing as Crocobet continues to onboard new providers. For Georgian players who value supporting a locally-owned company with genuine community investment and innovative products, Crocobet is an outstanding choice.