ArmInfo. In Armenia, large investors will have the opportunity to open a casino. Amendments to the Law "On Winning Games, Internet Games and Casinos" were adopted by the RA National Assembly on 17 November in the second and final reading.
Presenting the draft law, RA Deputy Minister of Finance Karen Tamazyan stressed that according to the current law, an economic entity that plays games with an investment gain of 40 billion drams or more has the right to obtain a corresponding license. However, the document does not stipulate a provision on how to deal with several investors.
Now, if two or more investors meet all the requirements and submit a program to the government that will be approved, they have the right to obtain a license to open a casino or games with a win in the name of one of them with the consent of other co-investors.