Tag Archives: Armen Hayrapetyan

Betting and gaming operators in Armenia can expect the payment options available to them to be significantly restricted following a legislative decision.  The Bill passed with a total of vote count of 67 and the law will come into effect in 10 days, prohibiting cash payments for gambling. After six months, bettors will be unable to conduct transactions via electronic …

As Armenian lawmakers take an increasingly confrontational stance against the betting and gaming industry in the country, legislators are now considering a clampdown on payment methods.  Reports from the country have detailed that Armenia’s parliament is considering a ban on cash gambling, including through payment terminals, with prohibition on ewallet transactions apparently to follow six months later.  The debates around …

Armenian gambling stakeholders have warned of dire consequences should the National Assembly approve Finance Minister Armen Hayrapetyan’s amendments to the federal Advertising Law – imposing a near blackout on gambling advertising.  Concerns have heightened as last week 56 MPs voted in favour of Hayrapetyan’s amendments casting preliminary votes to amend the nation’s  Advertising Law (versus 8-against), that will see gambling …

Stringent gambling reforms of Armenia’s Law on Advertising appear to be imminent as Parliament has unanimously voted in favour of the first reading of amendments proposed by the republic’s Minister of Finance Armen Hayrapetyan. Casting preliminary votes last week 56 MPs (versus 8-against) voted in favour of amendments put forward by Hayrapetyan to reform Armenia’s federal advertising laws, enforcing strict …

A Standing Committee of Economic Affairs for the Republic of Armenia’s National Assembly has endorsed a policy proposal that recommends that gambling restrictions be imposed on the nation’s existing Advertising Law.  Armenia’s government has charged standing committees with undertaking the preliminary review of draft policies that are intended to be debated and voted on by the National Assembly. Advertising amendments …