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Armenia hasn’t seen significant change to its gambling laws since 2006 and the government claims that despite large growth in the gambling sector the state has benefited little financially. As a result it is looking to expand future gambling operations with the view of being able to monitor tax and benefit greater from the industry.
These changes will allow for an investor or group of investors looking to build developments in Armenia to be automatically granted gambling licences following an investment of AMD40bn (£650,000) or more.
Rules on casinos are currently very strict in the nation, however, there are already casinos operating within Armenia in four designated gambling areas. There is also a state run lottery, licensed gaming halls and a number of iGaming operators within the country.
