EurAsia

Armenian government refuses proposal to ban gambling

Published

6 years ago

November 5, 2018

Niji Narayan

Armenian government refuses proposal to ban gambling

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The gambling ban saga in Armenia too new turn, as the government refused to evaluate the proposal. Atomjughazyan, Minister of Finance of the Republic of Armenia, agreed with the provisions of the proposal, but he categorically stated that such a ban would harm the economy. He also added that the measure would lead to corruption risks and new problems.

In short, the gambling business of Armenia will continue. The gambling industry of Armenia generates up to $ 22 million in taxes annually and creates over 2000 jobs.

In September, Armenian government has approved new amendments to the law on gambling, according to which the gambling business will be restricted to special zones of Tsakhkadzor, Sevan, Jermuk and Meghri. It was suggested that only local gambling operator will be allowed to advertise in Armenia.

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Niji Narayan

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.