Georgia is a country located in south-east Europe. It borders Russia to the north, Azerbaijan to the south-east, Armenia to the south, Turkey to the south-west and the Black Sea to the west.
For a long time, Georgia remained in one of the most atypical situations in regards to their online gambling legislation. Compared to other countries at a similar progress rate, the Republic of Georgia has managed to reach wide Internet coverage for their residents, yet without any hints at exploiting one of the most profitable businesses encouraged by such inventions.
… remained a vague grey area for Georgia legislature for a long time, up until the early days of 2014. With the first recommendations towards debates, drafts and legalization, the first steps were made towards opening their land-based, as well as interactive gambling markets to the wide range of interested top operators.
After many pauses and obstacles, the Georgian government has ultimately managed to set up legislation that legally permitted operators from setting up casino and gambling shops on the country’s territory. What is more, such an establishment was subsequently turned into a precondition for online operator licensing applications.
In order to obtain a license to operate as a land-based gambling establishment, businesses had to apply according to a procedure approved by the Government.
… has been made by the Melco International Development company; even though that didn’t succeed, it paved the way for future attempts.
Moreover, interested online operators would only need to partner with an existing licensed casino venue in order to legally offer their services to the interactive gambling market.
Even though there haven’t been specific uses of the procedure to date, it is a good start so far. Some predictions even suggest the creation of a blacklist for unlicensed, rogue operators, which seems to be the trend among regulatory bodies nowadays.
There haven’t been any specific discussions on the matter of player protection, considering the process is still in its early stages. Nevertheless, previous legislation did not forbid or punish players for any type of online gambling action, which possibly suggests that they won’t face as strict regulations as the licensed operators.
So far, the main advice to players from Georgia is to stick to reputable and well-known operators with a proven track record. That way, they can rely on previous player experiences and reviews, as well as the operator’s dedication to maintaining a positive public image.
Once the regulations are firmly and precisely defined, additional measures for player protection are bound to be close by.
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