Armenian Lawmaker Says Business As Usual For Betting Companies Until November 2020

Armenian Lawmaker Says Business As Usual For Betting Companies Until November 2020

While both conventional and gambling are quite popular in Armenia, earlier this year, the government introduced a series of measures to rein in the expanding gambling industry in the country.

Amidst chaos and confusion and protests from employees of gambling companies, Babken Tunyan, chairman of the Armenian parliamentary commission on economic issues has said that the betting companies which have a license to operate in the country would continue business as usual until November 2002.

Clearing the air about the instant closure of betting operations in Armenia, Tunyan said that it is only after November 2020 that the government plans to start reducing the number of betting points gradually and systematically.

“Each betting company will be able to have one office in each administrative district of the capital, the regional center and in the four cities specified by the bill, where special gambling zones will be created,” Tunyan said.

“Initially, we believed that the law should immediately enter into force, but after discussions with experts and specialists, we came to the conclusion that we should wait, because this is a licensed activity, and we are not entitled to prohibit or restrict it right away,” he explained.

Earlier this year in June, the Armenian National Assembly passed at first reading a bill aimed at limiting the activity of the betting shops in the country.

The draft approved at the first reading called for restricting bookmakers to only particular Armenian cities. It would allow bookmakers to operate only in the towns of Tsakhadzor, Jermuk, Sevan, and Meghri.

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