Armenia Amends Gaming Regs

Sun, Jul 30, 2017

The Armenian government has OK’d amendments to the country’s casino regulations, including the way licensees are chosen. For one thing, would-be investors must be willing to put up AMD40 billion (US$83.5 million).

Armenian lawmakers have approved proposal amendments to the country’s casino laws, according to the Armenian News Agency. Under the new rules, any would-be licensee must be willing to invest AMD40 billion (US.5 million) to develop a new casino resort.

Armenian Finance Minister Vardan Aramyan said only one member of a consortium would be licensed, not the consortium itself. In Armenia, land-based casinos are permitted in four designated zones: Jermuk, Meghri, Sevan, and Tsaghkadzor. But investors willing to shell out $100 million or more could conceivably locate outside one of those areas.

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