Armenia
Armenia approves gaming modifications
The government of Armenia announced that legislators have approved several changes on gaming law.
After several months of national legislative debates, the government of Armenia announced that representatives of the Parliament have come to an agreement to amend several rules for the gaming industry.
“The proposed amendments specify that the license will be granted only to investors who make the mentioned amount of investments in one facility, rather than in several,” Deputy finance minister Karen Tamazyan said whilst presenting the bill.
The official statement reveals that the new law would allow an investor to be granted a license to run a gambling game if he/she makes an investment to the tune of 40 billion drams or more. The law establishes certain restrictions on granting licenses to large investors. Furthermore, under the current law a casino can be built only in Meghri, Jermuk, Sevan and Tsakhkadzor.
The government would create a database exclusively for gaming participants in order to comply with current anti-money laundry legislations. However, international gaming operators believe the main reason for the registration is to limit the local industry, which has been facing a national crackdown for the last few years.
Casino facilities have been banned from the capital of Armenia, Yerevan, in a move that resembles Russian legislations on the issue. Currently, the government only allows gaming activities in special regions, such as Tsaghkadzor, Sevan, Jermuk, Meghri, and at the Zvartnots International Airport.
Armenia
Armenia amends gambling and advertising regulations
Armenia has amended its laws related to gambling and advertisement. As per the new regulations, only the local gambling operator will be allowed to advertise in the country.
An additional requirement is that gambling advertising should be targeted at citizens over 21 years of age. Advertising of gambling on radio and TV will be limited to 22:00 and 06:00 period of time. The penalty for violation of the law will be 1 million drams (about $ 2,067).
The Armenian government has also amended the Law on Lotteries, according to which the gambling business will be restricted to special zones of Tsakhkadzor, Sevan, Jermuk, and Meghri.
Tsaghkadzor is a city in the Koktaisk region, one of the most popular ski and climate resorts in the country which accepts tourists all year round. Sevan is a city popular with tourists due to the largest source of fresh water in Armenia – Lake Sevan. It is expected that the construction of the gambling zone will promote the development of this region. Jermuk is another resort town with at least nine hotels opened.
Meghri is a city rich in historical monuments in the south of Armenia. Due to its climate, as well as its developed infrastructure, it is potentially a successful project for the gambling and entertainment resort area.
Source: Latest News on European Gaming Media Network
Armenia
Armenia toughens stance against legal gaming
Nikol Pashinián, the prime minister of Armenia, has voiced his concerns about the “social problems in village communities” that the growing gambling activity in the country causes. He urged that “these devices should simply be removed.”
“How should we organise this in order for us to truly solve this problem accurately, this is a very important question,” the statement begins. “Overall when we look at our economic growth indicators it turns out that these gambling machines have become the leading branch of our economy.”
Then continues: “This is totally absurd, and our policy should be to change our logic: on one hand it encourages poverty, on the other hand, pardon me, [gambling addiction]”.
“We must pursue a kind of policy where we won’t encourage neither the first one nor the second, this is a very serious problem and people, families, fates and others are being affected,” the PM said.
“There is no problem, we will discuss openly, transparently, publicly, we will understand whose interests are more taken into account, whose not, where objective issues exist, we will exclude them and solve this problem, because this really is a serious problem, and people are alarming about this problem in masses,” he concluded.
Source: Focus Gaming News
Source: Latest News on European Gaming Media Network
Armenia
Armenia changes gambling rule on allowable age
Armenia has changed the section of gambling regulation that deals with the permissible age on gambling. Gamblers in the country’s casinos must be at least 21 years of age from now on.
In fact, this particular provision has been there since September 2014. But with the new amendment, casinos must have a provision to check the age of the visitors. Atom Janjugazyan, the Minister of Finance of Armenia, signed the new order that made mandatory the checking of passport or any other identity document of the casino visitor. The casinos will be liable for a penalty up to 300 thousand drams (about 500 EUR) for any violation of the rule.
The Armenian authorities systematically tighten legislation related to online and offline gambling. Currently, Armenian Ministry of Finance is considering the possibility of restricting the activities of foreign online casinos and a partial ban on advertising of casinos on the streets of cities and in the mass media. At the same time, the government does not plan to revise the profit tax on gambling, now it is 20 per cent.
Source: Latest News on European Gaming Media Network
-
Latest News2 months ago
BlueOcean Gaming Wins Best Aggregator 2024 Award at SiGMA East Europe Awards
-
Latest News2 months ago
BOS/The Swedish Trade Association for Online Gambling commissions Advisense to strengthen efforts against money laundering
-
Latest News2 months ago
EGT’s bestseller Bell Link with another great success: Its bells are now ringing in the Czech market
-
Latest News2 months ago
MIRACL partners with Continent 8 to offer its single-step passwordless MFA solution to simplify the login experience
-
Latest News2 months ago
Applications invited to become safer gambling charity for 2025 editions of ICE, iGB Affiliate and iGB L!VE
-
Latest News1 month ago
ACR Poker’s OSS XL Exceeds Guarantee With Over $46 Million In Prize Pools
-
Latest News1 month ago
Match of LeGGends: Double Down. Highlights of the show match between NAVI and Team Vitality
-
Latest News1 month ago
FBMDS and FBM Foundation host solidarity keepy-uppy initiative at G2E Las Vegas 2024
You must be logged in to post a comment Login