The Georgian government has detailed the finer points of its proposed restrictions on the online casino industry, including changes to the tax regime and advertising blackouts.

Last week, Prime Minister Irakli Gharibashvili called for the prohibition of online casinos citing gambling-related harm and financial losses from the country’s economy as his two key reasons for exploring the policy.

Gharibashvili then instructed his Minister of Finance Lasha Khutsishvili to draft an initial bill which would implement restrictions on the vertical.

According to the new legislation, as detailed to EGR by 4H Agency consultant Sophia Balashvili, gross gaming revenue (GGR) will become subject to a 10% profit tax, with winnings hit with a 2% income tax.

 

Read the full publication on the EGR's website.