November 23, 2021
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Comments Off on Georgia PM Calls For Online Casinos To Be Banned
Irakli Gharibashvili, Prime Minister of Georgia, has stated that the government will enforce the strictest online casino safeguards in any Eastern European country.
Yesterday Gharibashvili instructed the government to adopt a “two-phase approach” Pursue reform of Georgian gambling laws and enforce strict safeguards that reflect a near “ban status” for online casinos.
Georgian Finance Minister Lasha Khutsishvili has been tasked with drafting a bill to sanction Phase 1 changes, the one “provides for a substantial increase in online casino taxes, a ban on online casino advertising and an increase in the minimum age for gambling to 25”. .
Phase 1 is followed by a mandate to be defined, in which Gharibashvili stated that his government would continue to take new measures to “ban online casino operations”.
Gharibashvili stressed that drastic measures are required in order to curb the online casino market as economic and civil duty protection of Georgia.
“1.5 billion Georgian lari (460 million euros) are exported from the country via online casinos. Our citizens, the young generation, gamble in online casinos every day and lose their money, ”said the Prime Minister’s statement.
Gharibashvili stressed that he was ready to work with Parliament to achieve“ optimal and sensible ” Finding solutions to gambling regulation. However, the Prime Minister stated that his drastic orders would be supported by the majority of Georgian citizens.
With the implementation of Gharibashvili’s demands, Georgia will reverse its pro-industry stance, in which former governments promoted Igaming as a burgeoning sector of the Caucasian nation.
In 2019, Flutter Entertainment invested 100 million euros to acquire a 51 percent stake in the Georgian online gaming provider Adjarabet and to establish Georgia as the basis of the FTSE100 company for further expansions in the EE and CIS markets.
“Unfortunately our citizens’ money is flowing out of the country, this amount is one billion five hundred million dollars and 99% of that is the money of people who live in poverty without work. We are also considering banning online casino advertising and raising the minimum age to gamble to 25 years. The second stage should ban the operation of online casinos. ”Gharibashvili commented on the developments.
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