Georgia Turns on Gambling as PM Envisions Banning Online Casinos

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iGaming Business

Georgia raises gambling tax rates

In his budget speech, Irakli Gharibashvili said that sector turnover grew from GEL48bn to GEL52bn ($19.2bn/£15.5bn/€17.9bn). This 2022 level was described as a "catastrophic figure" by the Eastern European nation's prime minister. Gharibashvili noted his surprise at this increased participation rate, which came despite the imposition of a ban on…

Law ・ 06 November 2023

The Nation Thailand

Colourful PM answers questions in House on overseas visits, online gambling crackdown

Incidents ・ 26 October 2023

Gambling News

CreedRoomz Partners with Lider Bet, Offers Live Casino in Georgia

Image Source: CreedRoomz CreedRoomz, a tech company providing high-quality live casino solutions, has unveiled a new partnership with Lider Bet/Leader-Bet, a Georgia-based iGaming and betting operator. Under the agreement, the former party will fuel Lider Bet's leading platform with live content. As announced, CreedRoomz's full catalog of live…

Industry ・ 07 July 2023

Vegas Inc

Japan approves plan to open first casino to lure tourists

Protesters gather in front of Osaka prefectural head office in Osaka, western Japan after Japan's government approved a controversial plan to open its first casino in Osaka, Friday, April 14, 2023. Updated 2 hours, 3 minutes ago TOKYO - Japan's government on Friday approved a controversial plan to open the country's first casino in the city of…

Travel ・ 15 April 2023

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iGaming Business

Georgia shakes up gambling laws despite licence fee concerns

Irakli Garibashvili, the prime minister of Georgia, has signed off on a package of reforms to the country's gambling laws, including new rules that limited online casinos to land-based organisations. The reforms are the largest shake-up to the country's gambling laws since 2021, when Georgia attempted to reform its regulatory regime due to safer…

Law ・ 23 February 2023

Yogonet

Georgia's Ministry of Finance meets with gambling industry representatives to discuss sector requirements for EU bid

According to an announcement from the Ministry of Finance of Georgia, Deputy Ministry of Finance Mikheil Dundua on Monday met with representatives of the country's gambling business to discuss the sections related to the industry in the European Union's 12-point conditions for granting the nation the membership candidate status. The discussion…

Industry ・ 20 September 2022

Balkan Insight

Albanian Experts Query Rama's Move to Revive Gambling

Experts have expressed dismay after Albanian Prime Minister Edi Rama on Wednesday raised the possibility of again allowing online gambling, saying the move would be harmful and regressive. Aacknowledging his government's failure to crack down on the industry, Rama said gambling activity had continued despite the ban his party imposed a few years…

Sports ・ 01 September 2022

The Diplomat

Should Cambodia Ban Casinos?

To quickly answer the question posed in my headline: not yet. But the Cambodian government needs to at least put this possibility on the table, to set a fire under the feet of the casino owners. A statement must be made by Phnom Penh that casinos have less than 12 months to turn the current dire situation around. If they fail, then regular gambling…

Covid ・ 30 August 2022

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World Casino News

Casino call from Thai legislators

In Thailand and a panel of federal legislators has reportedly submitted a special petition calling on the right-wing coalition government of Prime Minister Prayut Chan-O-Cha to legalize casino gambling. According to a Wednesday report from the Bloomberg news service, the lawmakers believe that such a move would allow the nation to rebuild its…

Law ・ 28 July 2022

Asgam

Japan PM says online casinos to remain illegal, promises further crackdowns

Japanese Prime Minister Prime Minister Fumio Kishida's has promised to crack down on the use of online casinos, reiterating that they remain a "gambling crime" and insisting illegal organizations will not be tolerated. His comments, made at a Budget Committee meeting of the lower house of the Diet on 1 June, were in response to questions from…

Politics ・ 03 June 2022

The Jerusalem Post

The Georgian PM has called for banning online casinos

Georgia's independence as a nation has led to a steady increase in its economic freedoms in the last few decades, and the country is currently classed as'very high' on the Human Development Index. With a population of 3.7 million, Georgia is a member of many influential international organizations, and despite a period of economic and political…

Covid ・ 23 February 2022

Eurasianet

Georgian government moves to rein in gambling

Giorgi started gambling when he was 14. He started small, betting one lari (about $0.30), on online roulette. Soon, though, he was playing poker, roulette, and slots online, at a friend's home, and only going to school to try to borrow money from his classmates. A big win might amount to 500 lari ($160), which he would spend on some new clothes,…

Finance ・ 27 January 2022

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Bangkok Post

MP says casinos are safe bet

Thai Local Power Party leader urges law change to halt post-Covid slump Known to be one of the most vocal proponents of legalising casinos, Chutchawan Kong-u-dom, leader of Thai Local Power Party, is not just pushing for the relaxation of long-standing laws to get a casino-entertainment project off the ground. He is also setting his sights on…

Mobile ・ 16 January 2022

AmoMama

Georgian authorities declare war to online casinos

The Georgian authorities came up with an initiative to ban online casinos in the country, Sputnik Georgia reports. At the first stage, it is planned to increase taxes for them, ban advertising, introduce an age limit (25+), and at the second stage, ban the activities of all online casinos altogether. The authorities moved from words to actions -…

Incidents ・ 07 January 2022

Online Poker Report

New Online Gambling Regulator Likely Coming To Curacao

Chances are good that prior to states launching legal online gambling sites in the US, Americans wagered without knowing who in the world was handling their bets. Or where. It turns out that a lot of the time, it was nominally someone in Curaçao. The small Caribbean island of 165000 residents licenses 40% of the world's offshore gambling…

Law ・ 29 December 2021

Yogonet

Georgia passes bill with gambling restrictions, higher taxes and age limit, advertising ban

Georgia's parliament passed a bill Wednesday imposing restrictions on gambling, including the rise of the age limit for gambling, banning advertisements, and increased taxes on the industry. The package law includes the imposition of a 10% tax on gross gaming revenue as opposed to the current tax on profits, as well as a 2% tax on winnings. The new…

Finance ・ 23 December 2021

OC Media

Georgia passes sweeping gambling restrictions

Georgia's parliament has passed a bill imposing serious restrictions on gambling, including raising the age limit for gambling, banning advertisements, and increasing taxes on the industry. The law was voted through by the Georgian Dream MPs on Wednesday following expedited hearings in parliament. Activists have long campaigned for restrictions on…

Strategy Guide ・ 22 December 2021

SBC News

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…

Finance ・ 01 December 2021

Gambling News

Georgia Outlines New Gambling Rules, Blocking Ads and U-25 from Gambling

The government of Georgia has detailed new prohibitions on online gambling along with the suspension of advertisement and a new tax regiment. This comes at the behest of the country's prime minister, Irakli Gharibashvili, who urged lawmakers to act on gambling last week. Gharibashvili has cited gambling-related harm as the reason why Georgia should…

Winnings ・ 30 November 2021

SBC News

Georgia PM calls for the prohibition of online casino

Irakli Gharibashvili, Prime Minister of Georgia, has declared that the government will enforce the toughest online casino protections of all Eastern European states. Yesterday, Gharibashvili instructed the government to adopt a'two-phase approach' to reform Georgia's gambling laws, enforcing stringent protections that will mirror a near'prohibition…

Jobs ・ 20 December 2021

World Casino News

Fumio Kishida reiterates integrated casino resort support

Only a week after being officially appointed as the latest Prime Minister of Japan and Fumio Kishida (pictured) reportedly told parliamentarians that the nation's coming trio of integrated casino resorts will serve as'an important measure' in helping it'to become an advanced tourism country'. According to a report from GGRAsia, the…

Travel ・ 13 October 2021

Pattaya Mail

Thai authorities crackdown on gambling and loan scam texts

The Ministry of a Digital Economy and Society, the telecom regulator, and the police are now cracking down on illegal gambling and loan scam websites, plus their SMS invitations sent to general phone users. Involved parties are now asked to block these messages from being sent, or face punishment should the fail to do so. Deputy Government…

Incidents ・ 26 September 2021

Film Daily

What is the future of Casinos in Japan?

Japan is not a country like the others. It is especially not the same since the end of the Second World War. After the war, the Japanese legislation prohibited gambling on Japanese territory. This even though the Japanese are big gamblers. However, the first casinos could be built in the next five to six years, as Japanese MPs recently passed a law…

Travel ・ 10 May 2021

Agenda

Deputy finance minister, gambling industry representatives discuss business-related conditions for Georgia’s EU candidacy

Georgian deputy finance minister Mikheil Dundua on Monday met with representatives of the country's gambling business to discuss the sections related to the industry in the European Union's 12-point conditions for granting the country the membership candidate status, the ministry of finance said. The discussion involved a review of articles in the…

Industry ・ 19 September 2022

Agenda

Over 1 mln individuals on gambling ban list in Georgia

Over one million Georgian citizens have been included in the list of individuals banned from online gambling and not allowed in brick-and-mortar casinos in the country since the introduction of new regulations for the gambling business on March 1. The Revenue Service said on Thursday 1449124 had been included in the list since the Law on Organising…

Lottery ・ 18 August 2022