Tag Archives: georgia

Viktoriya Zakrevskay: Notes from Tbilisi… Ukraine gambling is still to play for

SBC News Viktoriya Zakrevskay: Notes from Tbilisi... Ukraine gambling is still to play for

CIS gambling expert, Viktoriya Zakrevskay, Founding Member and Deputy Chair of the Ukrainian Gambling Council (UGC) shares her insights from the SBC Summit Tbilisi, as regional stakeholders still view Ukraine’s market ambitions positively. The recent symposiums held at the SBC Forum Tbilisi, sparked an illuminating discussions centered on Ukraine’s burgeoning gambling industry. Nestled on the border between Eastern Europe and Central …

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Georgia to increase gambling surveillance and taxes in 2024

SBC News Georgia to increase gambling surveillance and taxes in 2024

Irakli Gharibashvili, the Prime Minister of Georgia, has signed an executive order to implement new gambling laws, penalties and protections. Gambling businesses in Georgia have been warned to prepare for a regulatory overhaul beginning in 2024. From 1 July 2024, the laws and amendments of the new ‘Code of Administrative Offences’ will come into force in Georgia, which oversees a …

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ESI & SMH Sports forge partnership to command Eastern Europe, Central Asia and Middle East

SBC News ESI & SMH Sports forge partnership to command Eastern Europe, Central Asia and Middle East

 In a move set to make waves in the gaming and esports world, London based Esports Insider and SMH Global, with its HQ in Tbilisi, Georgia, have announced a strategic collaboration aimed at conquering the realms of esports and gaming in  Eastern Europe, Central Asia and Middle East. Sam Cooke, Co-Founder and MD of Esports Insider said of the news: …

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Georgia PM signs off on higher gambling taxes 

SBC News Georgia PM signs off on higher gambling taxes 

Irakli Gharibashvili, Prime Minister of Georgia, has instructed ministerial agencies to proceed with increasing taxes on gambling businesses.    The PM declared the command as a primary directive of the Budget Speech, citing concerns that gambling had reached “catastrophic levels”, as Georgians are reported to have wagered GEL 52bn (€17bn) in 2022. As a direct response to growing concerns, Gharibashvili has …

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Flutter deal extends Playtech’s reach to Georgia and Armenia

Flutter deal extends Playtech’s reach to Georgia and Armenia

Playtech will roll out its sports betting and igaming services to Adjarabet in Georgia and Armenia, with the live casino vertical highlighted as a particular area of focus. The delivery of Playtech’s products to the two markets has been enabled by the London-based firms’ agreement with FTSE100 global gaming group Flutter Entertainment. Having embarked on a global expansion strategy in …

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SBC Summit Tbilisi to Explore Dynamics in Black Sea, ,Central Asia, Eastern Europe and Balkans

SBC Summit Tbilisi to Explore Dynamics in Black Sea, Central Asia, and Balkans

SBC Summit Tbilisi is poised to present an all-encompassing series of conference sessions that will deeply delve into the boundless opportunities in Georgia and its neighbouring regions, spanning the Black Sea Region, Central Asia, Eastern Europe and the Balkans. As the foremost iGaming and sports betting conference for Georgia and its adjoining areas, SBC Summit Tbilisi is jointly organised by SBC …

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Georgia continues to tighten gambling laws as 1.5m citizens banned from market

SBC News Georgia continues to tighten gambling laws as 1.5m citizens banned from market

Over 1.45m citizens of Georgia have been banned from gambling under a series of strict reforms introduced by the government this month.  The figure was disclosed by Lasha Khutsishvili, Minister of Finance of the Caucasus nation, in an update to government on market developments. 2022 saw PM Irakli Garibashvili approve a new decree which prohibited individuals under 25, socially vulnerable …

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Georgia aims to ring fence online casino licences

SBC News Georgia aims to ring fence online casino licences

The Republic of Georgia continues to tighten its national gambling laws, announcing new measures on licensing and taxation.  This week, Prime Minister Irakli Garibashvili approved new measures to ring-fence online casino licences, which can only be operated by land-based casinos based in Georgia. The decision could see online casino licences limited to the Georgian-domiciled businesses of Adjara Group, Crystalbet and …

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Uzbekistan withdraws support for sportsbook legalisation 

SBC News Uzbekistan withdraws support for sportsbook legalisation 

Further troubles loom in the CIS region as Shavkat Mirziyoyev, President of Uzbekistan, has withdrawn his support for a decree to establish a national framework legalising betting activities.    Last week, local media reported that Mirziyoyev would no longer back plans for Uzbekistan to launch its first legislative framework establishing federal laws for ‘sportsbook and sweepstake’ services. Back in December 2019, …

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Winning Post: Ukraine conflict is no localised tragedy…

SBC News Winning Post: Ukraine conflict is no localised tragedy...

As Western governments impose financial sanctions against Russia following its illegal invasion of Ukraine. Regulus Partners outlines far-reaching repercussions for a globalised gambling sector.  Ukraine has a thriving gambling industry, a first-rate gambling services sector, a highly educated population, and relatively transparent governance. Until the last few weeks, it was therefore an attractive country to operate from and in, regulatory …

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