The Revenue Service of the Ministry of Finance of Georgia (RS) licenses and administers all gambling businesses in Georgia and is responsible for tax collection (each form of gambling service is taxed differently).
There are currently 7 casino licenses and 7 bookmaking licenses under RS control, which completes a total of 4,886 slot machines. Their land-based casino licenses can also allow for online gambling services. Currently, no separate online licenses are issued.
The government currently lacks some of the detailed information it needs to conduct comprehensive control of the market, so the RS is inviting to an expression of interest in the country’s gambling control regimen.
The Revenue Service seeks candidates or corporate groups interested in collecting and providing data to them so that they can determine with certainty if taxes are being collected properly and if the holders of gambling licenses are fulfilling all other requirements. (READ SO: EUROPEAN GAMBLING: SPAIN INCREASING TAXES, IS IT A GOOD MOVE?)
The work is expected to commence Jan 1, 2018, but implementation will depend on the particular solutions proposed on the expression of interest. The deadline to request clarification of any items contained in the documents is November 3, 2017.
“The request is to submit full technical and commercial proposals regarding the project, including proposals related to projecting, construction, exploitation and financing. In the request to submit the proposal will be provided conditions offered in the Investment Agreement”
Here is attached the document of invitation to Expression of interest.
