Georgian gambling market overview (October)
The Georgian gambling market in October 2017 was very dynamic. Here are the main events happened in Georgia over the past month.
"Las Vegas" in Kobuleti
American brand "Las Vegas" is reportedly going to build a casino in the Black Sea resort Kobuleti. The gaming and entertainment center will be located on about 40,000 square meters of land. The total project cost is $80 million, estimated time of construction is 3,5 years.
2018 state budget
Georgian parliament received the 2018 state budget for consideration. In fact, regulatory action for the gambling industry will be developed as part of it. It is planned to restrict access to gambling services for minors and persons having gambling addiction.
Registration in a special tax service register will be required to visit gambling sites. It will be available only for guests at the age of 21 or older.
It is also planned to limit gambling in the advertising.
The grounds for online gambling derogation
According to the Georgian People's Deputy Levan Gogichaishvili, online gambling services do not pay taxes to the state on a full scale. The budget does not receive about $ 80.7 million a year, he added.
The government is not focused on recovery of this money, but on the Internet gambling dissolution, the MP noted.
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