In a recent government meeting, Prime Minister Irakli Garibashvili of Georgia made a significant announcement regarding a change in the country’s taxation policy for the gambling industry.

The purpose of this tax revision is to address concerns surrounding the rapid growth of the gambling sector in Georgia. It is also part of a larger government strategy to manage the social impact of gambling and boost state revenues.

These developments will have implications for both local and international gambling operators in the Georgian market. Adjustments to business strategies may be necessary, as these changes could potentially impact profitability.

The government’s response to this issue is not unprecedented. In the past year, it has taken various measures to combat the surge, such as banning gambling advertising and imposing restrictions on individuals under 25 years old.

The projected outcome of the taxation changes is an additional 400m GEL ($147m) being allocated to the national budget. These funds will support the financing of government initiatives. In the midst of these changes, the Georgian market has increasingly attracted online gaming companies. Notably, Aviatrix has recently obtained certification to offer its crash game in Georgia, aligning with its goal of entering regulated markets worldwide.

CT Interactive, a global casino content provider, has also certified over 190 games for the Georgian market, granting local operators access to its exclusive portfolio. Furthermore, through a partnership with Adjarabet, Bragg Gaming has taken steps to offer its proprietary and third-party content to players in Georgia.

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