Georgia refuses to ban gambling ads

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The consideration of the draft law on the prohibition of gambling advertising has been suspended by the decision of the Chairman of the Georgian Parliament Irakli Kobakhidze, MP Levan Gogichaishvili reports.

Levan Gogichaishvili stated that the discussion of the draft was suspended a few months ago, despite the fact that the document managed to pass all the committees. Gogichaishvili also added that it is the government that should submit the draft law for consideration. However, if this does not happen in the near future, the deputy plans to initiate it on his own. Another draft law was also submitted for consideration, concerning the increase in the age from which the residents of Georgia will be allowed to participate in gambling. Previously, it was possible to gamble in the country only from the age of 21, but now this age is proposed to be increased to 25 years. The MP also expressed concern that almost every year legislative acts related to the gambling business are suspended or not submitted for consideration at all. At the moment, 50 operators offer their services in the Georgian gambling market, whose incomes are growing every year. For example, according to 2017 data, the turnover from the gambling business amounted to 137.5 billion rubles. However, Betlive and Adjarabet are still the market leaders in Georgia. In 2017, Adjarabet’s revenues exceeded 933 million rubles. At the same time, Betlive’s profit amounted to 6.8 billion rubles.

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