30.Nov .2022 10:00

How Much Will The Mandatory Permits Cost For Online Gambling?

How Much Will The Mandatory Permits Cost For Online Gambling?
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Online gambling businesses - including online casinos, slot machines and betting - will be subject to mandatory permits for specific types of operation, following the Georgian government’s reveal of amendments to the relevant law on Monday.

According to the bill, online casino permits will be issued only to casino holders, with online slot machine permits likewise granted only to slot machine holders and betting permits issued only for holders of betting businesses.

The amendments seek to replace the current regulations that allow online gambling businesses to add different types of operations without acquiring additional permits.

The annual permit fee for each of the business types will be GEL 100,000, with the fine for violating permit conditions set at GEL 50,000 and the penalty for violating fee deadlines at GEL 20,000