Connect with us

WINNING COMBINATION - SOFTSWISS develops innovative iGaming software products for online casino, sports betting, and beyond. Our products can be delivered as standalone solutions or combined into a single iGaming Platform.

The future of sports betting: BETBY sportsbook is focused on innovation through deep industry knowledge, state-of-the-art software & endless customization possibilities.

Compliance Updates

Armenian Parliament Restricts Advertising of Gambling

Published

on

Reading Time: < 1 minute

 

By a vote of 63 to 23 abstentions, the Armenian parliament has passed in the second and final reading a set of changes to the law on advertising, which restrict the advertisement of gambling by casinos, lotteries, bookmakers or other organisations that provide the opportunity to make bets. The changes also ensure a level playing field for the industry.

Gambling advertising is allowed only in four-star and higher hotels, border checkpoints and the front of buildings offering gambling. Advertising in other places is prohibited.

The changes were criticised by advertising companies, which claim that about 60-70% of their income is generated through online gambling games. However, according to the government, there are other estimates showing that this figure is only 20-25%.

According to the government, the changes are prompted by the fact that more and more people, especially young ones, are getting addicted to gambling. It says the number of bets made in 2020 increased 6 times as opposed to 2018.

During earlier debates in the parliament on the proposed changes, the head of the parliamentary committee on economic issues Babken Tunyan said that 3.2 trillion dram worth bets had been made in the country from January to November 2021. For comparison, he stressed that the government’s revenues last year amounted to about 1.6 trillion drams.

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

Trending (Top 7)

EuropeanGaming.eu is a premier online platform that serves as a leading information hub for the gaming and gambling industry. This industry-centric media outlet reaches over 200,000 readers monthly, providing them with compelling content, the latest news, and deep-dive insights.

Offering comprehensive coverage on all aspects of the gaming sector, EuropeanGaming.eu includes online and land-based gaming, betting, esports, regulatory and compliance updates, and technological advancements. Regular features encompass daily news articles, press releases, exclusive interviews, and insightful event reports.

The platform also hosts industry-relevant virtual meetups and conferences, and provides detailed reports, making it a one-stop resource for anyone seeking information about operators, suppliers, regulators, and professional services in the European gaming market. The portal's primary goal is to keep its extensive reader base updated on the latest happenings, trends, and developments within the gaming and gambling sector, with an emphasis on the European market while also covering pertinent global news. It's an indispensable resource for gaming professionals, operators, and enthusiasts alike.

Contact us: [email protected]

Editorial / PR Submissions: [email protected]

Copyright © 2015 - 2024 - European Gaming is part of HIPTHER. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.