An Investor's Two Routes Into the Georgian Gambling Business
An investor entering the Georgian gambling business chooses between two principal routes: acquiring a share in an existing operator, or building its own structure and obtaining the permit afresh. Both routes share one legal axis: under the Georgian Law on Organising Lotteries, Gambling and Profitable Games, permits to organise gambling games and to supply games are issued only to an entrepreneur registered in Georgia. The object of the investment is therefore always a Georgian entrepreneur — with its permit, assets, contracts and tax history — and never a “licence” as a separately transferable object.
This defines two layers of the decision. The first is structural: a share deal or a new structure, direct or holding ownership. The second is permit-status management, because the greater part of an operator's economic value rests on the standing of its permit. Below, both layers are examined through the sources that actually exist in Georgian law: the public registry, the permit regulation and the Tax Code.