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
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 …
Read More »PokerStars exit signals mass Georgia withdrawal
PokerStars has notified players and media partners in Georgia, that it will terminate its online gambling services for the CIS nation on 1 March 2022. The flagship poker subsidiary of Flutter Entertainment, PokerStars has contacted Georgian players informing them to withdraw all account balances by the end of February. In its closing statement, PokerStars outlined that it would honour “customer …
Read More »Georgia PM moves forward on tax, age and advertising clampdown of gambling
Georgia PM Irakli Garibashvili has followed through on his demands for drastic restrictions to be placed on the online gambling industry protecting citizens and the economy. In an update at the Executive Government Meeting, Garibashvili backed a new draft proposal recommending that taxation on online gambling be increased, to an ‘overall tax base of the sector’ rising by between 65% …
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