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 …
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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 …
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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 …
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Armenia has established a reputation as a centre of excellence for product development in the sportsbook and igaming industry, but gambling is just one element of the nation’s increasingly strong technology sector. The country may not yet enjoy the same kind of global profile as the more established IT powerhouses, but the number of Armenian tech success stories is growing. …
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Armenia has emerged as a powerhouse of the sportsbook and igaming technology industry in recent years, but the nation has had to achieve this economic success story against a backdrop of an ongoing conflict with neighbouring Azerbaijan. The conflict has largely played out away from the gaze of the Western media, but it has been running since the late 1980s …
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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 …
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Further troubles loom in the CIS region as Shavkat Mirziyoyev, President of Uzbekistan, has withdrawn his support for a decree to establish a national framework legalising betting activities. Last week, local media reported that Mirziyoyev would no longer back plans for Uzbekistan to launch its first legislative framework establishing federal laws for ‘sportsbook and sweepstake’ services. Back in December 2019, …
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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 …
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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 …
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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 …
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