EurAsia
Armenian Government Approves New Casino License Rules
The local government approved changes to the casino regulations and the licensing process
The government of Armenia has recently approved a measure that enacts changes to the casino regulations, as well as the licensing process: new investors must place a certain amount of money to develop a casino in the country.
Under the new rules an investor or a group of investors will receive a license for the construction and operation of a casino, if they place a AMD40-billion ($83.5 million) price tag on their development project.
The changes are propelled by Armenian Finance Minister Vardan Aramyan. During a meeting of the government, the official pointed out that interested developers will be able to proceed with their plans, if they are ready to commit to major investment. However, he explained that if a group of investors bids for a casino, the license will be issued only to one of the participants in the consortium.
With very few exceptions, land-based casinos are allowed in four specially designated areas around Armenia, with those being Jermuk, Meghri, Sevan, and Tsaghkadzor.
However, casinos are not the only legal form of gambling in the West Asian country. Under its current gambling law, this type of activity can be conducted by licensed owners of gaming halls as well as by iGaming operators. A state-run lottery operator also services local customers.
Earlier this year, the Armenian government adopted amendments to existing gambling regulations. Those changes were, too, encouraged by the Ministry of Finance and were targeting high roller gambling customers. The new regulations came into effect on June 1.
Under the introduced changes, customers, both of land-based and online gambling operators, wagering more than AMD1 million (approximately $2,000) are set to be included in a special database and to have their gaming-related transactions closely monitored. Operators are required to report any such transactions and to be provided with copies of their high-roller customers’ identity documents.
The Armenian government explained the introduction of the new regulations with the need for stricter money-laundering curbs. Late last year, it discussed a substantial increase in the license fees Armenia-facing operators are required to pay annually. Those were to be raised from AMD100 million to AMD500 million. That decision was attributed to the fact that the country’s gambling industry has been growing at a rapid pace over the past several years, but the government has not benefited from that. It was back in 2006 when the last such changes were implemented in Armenia’s gambling licensing process and the related fees.
EurAsia
Push Gaming expands in Georgia with Ambassadoribet
B2B gaming supplier Push Gaming has amplified its European growth via a new partnership with Ambassadoribet in Georgia.
The provider’s entire portfolio of hits will become available to players of the popular brand, including recent releases like Big Bam-Book and Razor Ways alongside popular legacy titles such as Jammin’ Jars.
Ambassadoribet has amassed a large following of players in Georgia, catering to both land-based and online sectors since its launch in 2023, with this latest agreement further bolstering its offering.
The deal solidifies Push Gaming’s position in the Georgian market, enhancing its reputation as a leading provider across Europe. With a pipeline of highly anticipated games on its roadmap, the supplier is poised for continued expansion following this partnership.
Fiona Hickey, Chief Business Development Officer at Push Gaming, said: “Ambassadoribet has quickly established itself as a prominent operator in Georgia since launch. We are delighted to partner with a brand trailblazer as it epitomises our own ambitions for growth in the country and elsewhere.
“With a focus on quality content and player engagement, we are excited to see how its player base responds to our innovative titles and look forward to continued growth in the Georgian market.”
A Spokesperson at Ambassadoribet, added: “Push Gaming has developed a reputation for creating some of the most well-recognised and thrilling slots on the market and we are proud to offer them on our platform.
“Having its entire portfolio available will be a huge draw for players and offer existing users new experiences to enjoy. Integrating them into our offering adds huge strength and further diversity in content.”
Compliance Updates
GOLDENRACE SECURES A NEW CERTIFICATION IN GEORGIA
GoldenRace, leading B2B provider of award-winning Virtual Sports and betting solutions, is thrilled to announce that it has successfully secured certification for its games in Georgia, further solidifying its presence in the rapidly growing European market.
Georgia is quickly emerging as a key player in the iGaming industry, and achieving this certification is a crucial milestone for GoldenRace. Despite global challenges, the gambling sector in Georgia has experienced impressive growth, surging by 23% – a clear indicator of the market’s potential.
With this new certification, GoldenRace is now fully compliant with Georgian regulations, enabling the company to offer 19 of its top games to the Georgian audience. Fans in Georgia can now enjoy a wide range of virtual sports, including GoldenRace’s leading Virtual Football, MMA, Greyhound Racing, and Historical Horse Racing, as well as popular number games like Keno, Perfect6 and Spin2Win.
These certified games have been seamlessly integrated into the Georgian online gaming environment, with a robust setup that supports both Scheduled and Instant modes across Desktop and Mobile platforms.
This achievement follows GoldenRace’s recent certifications in Croatia and the Netherlands, as the company continues to strengthen its presence in key European markets, where it already holds a leadership position in countries like Italy, commanding 60% of the Virtual Sports market.
“Securing certification in Georgia is a proud moment for GoldenRace, especially as we introduce top-performing games like Historical Horse Races and our Football Leagues to a market that highly values these Virtual Sports,” said Martin Wachter, CEO and Founder of GoldenRace.
Compliance Updates
CT Interactive Certifies More Games for the Georgian Market
CT Interactive has certified 51 more games for the Georgian market. This is yet another step in the company’s commitment to providing top-tier gaming content and enhancing the player experience in the Eastern European country.
Dimitar Muhovski, Product Analyst at CT Interactive, said: “The Georgian market has shown tremendous growth. By adding these 51 titles, we reaffirm our dedication to delivering premium gaming content that meets the preferences of our players.”
Following the successful certification of numerous titles last year, CT Interactive continues to strengthen its presence in the Georgian market. The new games include popular titles such as Doctor Winstein Buy Bonus, The Magic Goblet, Banana Merge, Mega Gnome, Hyper Cuber, and Fruits & Sweets. These games, known for their engaging mechanics and high-quality graphics, are set to offer Georgian players a rich and diverse gaming experience.
This expansion reflects CT Interactive’s broader strategy to enhance the gaming landscape in Georgia.
“Our latest certified titles demonstrate our commitment to innovation and meeting market demands. These additions will further solidify our position among the leading gaming content provider in Georgia,” added Muhovski.
The company’s dedication to compliance and quality ensures that all its games meet regulatory standards, providing a safe and enjoyable gaming environment for players.
“As we grow, our focus remains on delivering high-quality gaming experiences. We are excited to see how these titles will be received by our partners and players,” Muhovski said.
This strategic update not only enhances CT Interactive’s portfolio but also demonstrates the company’s commitment to excellence and innovation in the gaming industry.
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