The gambling niche is one of the most reliable economic instruments in the country. The iGaming sector here has been actively developing for a quarter of a century. Over the past year, the market’s turnover reached 3.687 billion dollars.
We guarantee an individual approach and comprehensive support. Our team will help you every step of the way.
Casinos in this country have existed since the Soviet Union. For a long time, the industry was not controlled at all. The first attempts to regulate it were undertaken by the government only in the early 2000s.
Initially, the parliament considered the possibility of a total ban on this type of entertainment but the initiative was never supported.
In 2004, several political reforms were adopted that were aimed at fighting against corruption. The results of innovations were the following:
In 2005, the government passed the Gambling Law, which legalised all types of activities:
The business has encouraged more tourists to visit the country.
The local legislative authority has created all the conditions to make the launch of the gambling business as convenient as possible for all market participants.
It is beneficial for operators to invest in the local market for such reasons as:
Another advantage of working in Georgia is tax relief.
Flexibilities and benefits for casino enterprises
No income tax
Offline gambling halls with hardware games are exempted from income taxes
Exemptions from commissions on prize money
Locations with bingo games and slot machines, as well as land-based casinos are exempted from commission fees on the payment of prizes
Lack of quarterly charge
Representatives of the betting business are exempted from the payment of mandatory quarterly tax
No annual fee
The annual tax is not collected from offline clubs located in the resort areas: Sighnaghi, Kazbegi, and Gudauri
The government has taken additional measures to control the market:
Several amendments were also made to the Gambling Law, which came into force in 2005. Among the innovations, there are:
Representatives of the industry pay 2 types of taxes:
Deductions are paid in equal shares over a specified period. For representatives of the online sector, a single tax in the amount of 5% of the annual turnover is provided.
The size of the annual rate of the casino business for different formats:
Market participants must pay:
It is very easy to buy a casino with a Georgian permit. Applications can be filed by both local and foreign investors. Moreover, personal presence is not required: documents can be sent electronically.
It is important to know that the launch of a digital project is possible only after the opening of an offline casino or a gambling hall with slot machines.
Another feature is that operators can independently choose the time for the consideration of an application:
Certificates are issued for 5 years, regardless of the type of activity.
You can order the development of the turnkey business from the Smart Money studio.
We offer casino software from the best vendors and a wide range of services that will optimise your gambling project:
Convenient types for cooperation:
From us, you can order profitable marketing cases. We use next-generation advertising tools and guarantee a full return on investment in the first year of operation.
In this country, the casino industry is considered to be one the safest, most reliable, and most promising.
Advantages of working under the local licence:
To learn more about the nuances of legalising iGaming start-ups, please contact Smart Money specialists. They will guarantee you comprehensive support and a wide range of products and services for business scaling.
From us, it is possible to order casino software created by the best vendors. It will include:
For all questions, please contact our managers!
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