Tag Archives: Armenia

Armenia’s gambling sector has been ruptured by the National Assembly’s approval of a new Tax Code, which will introduce a 10% turnover tax and double the licence fees. The Tax Code was authorised without any consultation with industry stakeholders and rushed through the legislative process, placing significant new burdens on Armenia’s growing gambling industry and the wider tech sector. Vahagn Tangamyan, …

Following weeks of deliberations, the National Assembly of Armenia has approved a package of legislative amendments to apply a new tax code on gambling activities. Initiated from 1 July 2025, the new tax code will apply a 10% turnover tax on the gambling activities of casinos, online games, sports betting, lotteries and totalizers. A further tax burden will be applied …

Gabsys has allowed its fully customisable sportsbook solution to be integrated with the SaaS platform of new iGaming technology incumbent, Lynon. The partnership sees Lynon, a supplier of Software-as-a-Service (SaaS) engineered solutions for iGaming B2C and B2B businesses, expand its specialised offering via the integration of the Gabsys sportsbook. Moving forward, Lynon will be able to offer new and existing …

FeedConstruct has signed an exclusive data partnership with the Football Federation of Armenia (FFA). Explaining that the multi-layered deal comes at a “challenging but promising stage”, FeedConstruct will provide FFA with a variety of solutions like audio-visual tools, data, SaaS, and integrity-focused tools. The focus will be on developing Armenian football and protecting it from integrity risks. FFA was founded …

Armenia continues to modify its gambling regime, as Parliament has approved a package of new amendments to rectify existing laws related to gambling. Approved on Wednesday, 12 June, legislative changes will introduce new tax charges on ‘gambling winnings’, categorised as “large win” and “regular win” for customers. A “large win” is defined as any single win exceeding 5 million drams …

The government of Armenia is set to implement a ban on cash payment options for online betting and gaming operators. Last week, the National Assembly of Armenia urged all relevant agencies to adopt new rules on the management of gaming accounts, aimed at ‘strengthening the fight against gambling addiction’. In May 2022 the Assembly approved the new restrictions by 67 …

Playtech will roll out its sports betting and igaming services to Adjarabet in Georgia and Armenia, with the live casino vertical highlighted as a particular area of focus. The delivery of Playtech’s products to the two markets has been enabled by the London-based firms’ agreement with FTSE100 global gaming group Flutter Entertainment. Having embarked on a global expansion strategy in …

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 …