The gambling industry in Georgia has been steadily developing for quite a long time, aided by fair legislation and a stable demand for gaming and entertainment services. Recognizing the essential role the industry plays in the country’s economy, Georgia’s government is working hard to implement transparency by developing new regulations — which are also meant to bring the gambling business to a new level.
Slotegrator, one of iGaming’s leading developers, keeps a close eye on the legislative aspects of the industry, providing its clients with up-to-date information and guiding them towards the most promising opportunities. In its new article, the company examines the critical components of Georgia’s gambling market, focusing on the legislation and regulations — both currently existing and those that will soon come into effect — that govern the iGaming landscape.
Georgia turned out to be one of the first countries in Europe to recognize the economic importance of the gambling industry. While many countries sought to inhibit the sector — by banning online casinos, for example — in Georgia, license holders never hit any speed bumps, continuing to smoothly operate their land-based and online businesses.
Operators will undoubtedly wonder how to get a gaming license in Georgia. The process is simple enough; applicants send all the necessary documents via an electronic system, and within a couple of weeks, they will receive a response from the regulatory body. Moreover, there are also expedited ways of obtaining a license, among which is the possibility of getting permission to organize gambling activities the day after submitting an application.
As for the taxation system in Georgia, it varies from state to state, depending on location, tourist zones, types of gaming business, and other factors.
The biggest current trend in the online space is increased player activity. As a result, the Georgian government has developed a number of new regulations aimed at streamlining gambling industry regulations to eliminate legislative contradictions and loopholes.
Read more about the new iGaming regulations in Georgia on the Slotegrator website and stay up to date with the most current events!
Casino Technology expands market share in Georgia with massive CMS installations
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Casino Technology has steadily increased its market share in Georgia, proving to be a reliable system provider for operators with the wide spread installations of its Rhino Casino Management System in locations throughout the country.
Now 1000s of units of machines are connected to the Rhino system, giving Casino Technology holding 25 per cent market share in Georgia already.
The Rhino Casino Management System has proved to be a backbone management instrument for operations at locations in the towns of Tbilisi and Rustavi. The feedback from operators is excellent because Rhino gives them the ability to simplify a dynamic environment into an easy interpretable synced data, availed through easy to manage tools.
Nikola Nenkov, CMS Training and Development commented: “Rhino Casino management System is versatile and able to deliver the needs of all size of casino locations with the needed tools for real-time decision making. The common modules of the system are simple to use, with all the necessary detailed reports and analyses in one place.”
The system is enhanced with new modules on a regular basis with the latest being Happy Hour, Money Back, Bill Clearance, Slot Performance Analysis, Cashier module with added more functionalities.
Nina Alexandrova General Manager of Casino Technology Georgia added: “We offer localised 24/7 service that only add to the personalised approach towards our clients that guarantees fast and responsive support.”
The real time immediate multilingual (in English, Russian, etc.) customer support via telephone, email or chat suits all types of customers and answers their quires.
“We aim to ensure that our products are performing well and as part of the ongoing customer-supplier relationship, our techn ical support team are committed to making sure this happens”, Mrs Alexandrova added.
Source: Latest News on European Gaming Media Network
The Gov’t of Georgia is considering online gambling prohibition
The Republic of Georgia is considering a total prohibition of online gambling as part of its gambling regulatory overhaul, although not all members of the government are convinced that it’s a good idea.
Special commissions are currently working in the parliament and the Ministry of Finance on the introduction of new regulations on gambling.
Unlike the Ministry of Finance, the parliamentary group is inclined to make a radical decision of a complete ban on online gambling.
Deputy Finance Minister of Georgia Lasha Khutsishvili confirms that this issue is being discussed, but notes that international practice shows the ineffectiveness of the prohibitive measures in this field.
“We analyze the world experience to understand how effective are those or other measures taken with respect to online gaming. The international practice shows that at present there are no effective mechanisms to actually prohibit online games. Millions are spent from the state budget on such measures, but in vain, “- said Deputy Finance Minister of Georgia Lasha Khutsishvili.
In his opinion, the ban in reality does not work, as modern technologies make it easy to circumvent such regulations, and full control over the Internet is the only real alternative.
“The Finance Ministry is also considering this issue from the point of view of fiscal policy, full control over the Internet is associated with very high costs,” commented the deputy minister.
In July, the Ministry of Finance announced plans to establish a Gambling Business Policy Division, which was given a mandate to develop the nation’s gambling regulations in conjunction with stakeholders, while ensuring appropriate consumer protections for local gamblers.
How to start an online casino business: learn the latest legislative changes in global gambling industry
CASEXE suggests to find out more about important updates in gambling regulation across the world. If you know how to start an online casino business then regulatory developments will help you to choose a suitable jurisdiction for your project. Malta, Australia, Georgia and Armenia are in our following review.
Malta’s gambling regulator aims to be one step ahead of other jurisdictions by expanding opportunities for local operators and offering them more variants how to start and develop smoothly an online casino business.
One recent initiative was a legal reorganization in the country to reduce an unnecessary normative complexity for local gambling operators.
Gambling business realignment in the country includes the next terms:
- issuance of two different types of permits for B2B and B2C sectors instead of one multi-license
- optimization of taxation for operators
- tax exemption of B2B sector applicable to gambling business
- transition to automated reporting
- integration of more effective criminal and administrative justice
- improvement of sphere of consumer protection
The government approved a draft law on nationwide ban on start an online business despite of strong opposition from both local operators and gamblers.
The legislative initiative provides a right of veto over online casinos and poker rooms operation on the Internet. Key stakeholders have already informed that they are leaving the Australian gambling market due to these regulating updates.
The national parliament considers a series of legal undertakings to regulate the online gambling industry. Allegedly, the draft bills will enter into force in 2018. Therefore if you consider on how to start an online casino business in Georgia, you should have your finger on its legislative pulse from today.
New terms and conditions are to increase a license fee applicable to online gambling operators, and also to organize an obligatory registration on the players roster. The latter measure seeks to combat a gambling addiction and to prevent from recruiting minors into gambling.
Armenia’s government established a special roster for high-rollers. Gamblers playing very high stakes and spending on game more than $2 000 must to identify their personality, to keep all their receipts and transaction statements.
Stay with CASEXE and keep up with the latest gaming news around the globe – we do know how and where to start an online casino business.
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