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  1. Services
  2. Media, Entertainment & Sports Law
  3. Gambling Business Law
  4. Investments, M&A and Exit
  5. Closing a Business and Returning a Licence: Exit Procedures by Jurisdiction

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Investments, M&A and Exit

Closing a Business and Returning a Licence: Exit Procedures by Jurisdiction

Who administers the cancellation of a permit?

The Revenue Service, under the Law on Licences and Permits; changes and cancellations pass through the departmental registry.

When is the cessation notice submitted?

Before cessation, in writing, to the Revenue Service; the same rule applies to renewal.

How long does the online channel live after the basic closure?

During the current quarter, but no more than 60 calendar days; upon cancellation of the basic totalizator permit the derived permit is terminated.

What happens to levies on an early exit?

The remaining permit fee need no longer be paid; the gambling-business fee closes with the acquisition of markers; a fine is payable within 30 days.

6 min·22 Sep 2026

The Legal Axis of Exit: Who Administers Cancellation

Exiting the gambling business begins with the recognition that under Georgian law a permit does not disappear by private decision. Under the Law of Georgia on Organising Lotteries, Gambling and Profitable Games, the issuance of permits to organise gambling and profitable games and to supply games, amendments to them, their cancellation and the passage of the corresponding data through the departmental permit registry are administered by the Revenue Service, in accordance with the Law on Licences and Permits and this law. An exit plan must therefore begin with a formalised procedure before a state authority — not with simply locking the door.

The continuation-of-control rule matters as well: the Revenue Service exercises control over the fulfilment of permit conditions through the selected person and the electronic control system, and where a violation exists, an inspection of fulfilment may be conducted for the period of the currently valid permit too. In other words, exit does not rewind the past: violations committed during the permit's validity may become the subject of inspection even after departure. The deadline for paying an imposed fine is likewise set by law — 30 calendar days from delivery of the individual administrative-legal act.

Updated: 13 Oct 2026