Experts Are Confident In The New Gambling Legislation Of Georgia Experts Are Confident
Foreign experts from the georgian gambling operators will be able to adapt to the new strict requirements of local legislation. Is reported that many companies were notified in advance about the rapid change in the rules of licensing and work in georgian jurisdiction, so them prepared themselves to ensure painless compliance with the laws of the country.
Back in june 2020, the government adopted a number of amendments to sevel existing laws regulating the scope of gambling entertainment. Under changes, regulatory documents on licensing, tax and permissive fees. Also, adjustments were made to the administrative code of georgia. From january 2021, the updated measures will begin to be implemented in stages.
One of the key changes to the newly accepted georgian entertainment rules is the requirement for software suppliers and online casinos to work at the georgian gambling market according to the official license of the regulator.
From now on, foreign operators who wish to work here will be able to issue a license only if their partners (software providers and software developers) will have similar permits from georgian supervisory authorities.
All local requirements will be regularly checked using a new electronic control system. All operators and suppliers of gambling georgia will be included in its registry. In case some company violates the established rules, its activities will be frozen before making an appropriate decree on the removal of sanctions.
Software checks and ensure that the internal work of the game platform corresponds to the standards established by law will be special companies. They will be able to issue authorization certificates – one of the main documents given the foundation to the regulator to write a license to the operator.
New amendments include an updated tax structure. Gambling in georgia is subst to annual and quarterly fees. While the annual board is fixed and must be regularly paid in equal parts. Quartal depends on the type of gambling and the region in which the casino is located.
Recall, the largest operator of poland casino announced the opening of its objects.