Georgian media reported last week that the Republic of Georgia is planning for a total prohibition of online gambling activities and that new regulations would come soon into force by the the Ministry of Finance.
While the parliamentarians are pushing for a total prohibition of online gambling activities in the country, the officials of the Ministry of Finance have their doubts.
Deputy Finance Minister of Georgia, Lasha Khutsishvili, said:
“We analyse the world experience to understand how effective those are or other measures taken with respect to online gaming. The international practice shows that at present there are no effective mechanisms to actually prohibit online games. Millions are spent from the state budget on such measures, but in vain.
“The Finance Ministry is also considering this issue from the point of view of fiscal policy, full control over the Internet is associated with very high costs,” he concluded.
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29 October 2020