Tbilisi Hit Hard As Tax Hikes Shatter Casinos

With a location between the two traditional gambling hotbeds of Turkey and Russia, the Georgian capital of Tbilisi should be able to lay claim to its own bustling casino industry.

But due to a 2005 law that has forced operators to pay vastly increased licensing fees, the majority of casinos in Georgia have been forced to shut up shop. 

For some the measures are temporary, for others business plans and employment contracts have been ripped up and discarded.The reason is a new casino law enacted in March 2005. Since its introduction casinos are either closing or merging to make ends meet.

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