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Despite the favorable climate, the gambling industry in Georgia has experienced all the hardships of development, depending on modern trends. These include the government’s desire to tighten control over gambling houses and increase tax revenues from this industry, with virtually no control over the Internet gaming zone, which has made a significant contribution to the growth of gambling in the country.

The article will discuss ways of developing a gambling business in Georgia and options for solving pressing problems.

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Positive points



The legalization of gambling establishments in Georgia took place in the early 90s of the last century. Until 2006, there were more than two dozen of them in the Georgian capital. The increase in taxes did not have a strong impact on the development of the gaming industry within the republic. Georgia was previously and is currently a very attractive country for gambling. From what?

This has been made possible for a number of reasons, such as:

? effective tax system
? simplified licensing mechanism,
? low level of corruption per se,
? the country's close proximity to the territories of Russia, the Turkish Republic and Azerbaijan, where the gambling business is either banned or significant restrictions are imposed on it.

Currently, Georgia is one of the three countries in the post-Soviet space with the best climate for investment in the gambling business. The construction of luxury hotels and resort areas, coupled with Caucasian hospitality, are doing their job.
The fundamental pillars of Georgian laws regulating the gaming industry are transparency and honesty. They are designed to protect their own population from gambling.

Bookmakers and online casinos focus on foreign customers. Residents of neighboring Azerbaijan, where gambling is completely banned, bring big income to Georgian operators.

The contribution of online casinos to the state budget is limited to the payment of a license tax every five years.

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Batumi



The lion's share of the Georgian gambling industry is concentrated in Tbilisi and Batumi. Each of them has its own customers. Citizens of Iran, Tajikistan, Azerbaijan and Kazakhstan usually come to Tbilisi. Batumi is mainly visited by the Turks.

Due to the relatively small population of the country (just over 3.5 million people), the gambling business inside it is focused on foreigners, and therefore junket tourism has developed in Georgia.

Batumi the main city of Adjara. Many experts agree that this particular area has become attractive for businessmen in terms of opening their gambling business. The undoubted advantages of Adjara were loyal laws and a complete ban on gambling in neighboring states of the region. Proximity to the Turkish border, the presence in the city of an air harbor and railway Transport made Adjara an attractive region for travelers whose goals were gambling establishments. A clear plus is the lower tax burden compared to the capital.

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At gunpoint



A large number of gamers in Georgia became possible due to the lack of a system for regulating the activity of slot machine halls. Their number in the country has increased significantly. A number of consultants are convinced that it’s & laquo; one-armed bandits & raquo; have a strong influence on the formation of human gaming addiction.

An association of young businessmen from Georgia joined the battle with gambling, demanding amendments to the law and reducing the propaganda of gambling. But she was not the only organization concerned about the growth of gamers among Georgians. The Industrial Economics Committee has come up with an initiative to create independent control levers for gamers. Today, the necessary bill is almost ready.

For officials of Georgia there is a complete ban on visiting gambling establishments, in case of disobedience to the perpetrator threatened with dismissal.

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Time will tell

Specialists came to the conclusion that the gambling industry of Georgia is in a period of stagnation. Recently, the operator Melco International refused to build a whole complex of gambling establishments due to unsuccessful negotiations with Georgian partners. Casino Tax Avoidance & laquo; Adjara & raquo; and the laundering of an order of $ 5 million led to a fine of $ 7.7 million.

The opening of the gambling zone in Sochi also played a role. Georgian businessmen fear that casinos in Sochi will be able to attract the percentage of foreign players in Georgia. Time will tell & hellip;