In 1922, Armenia, located in West Asia, was incorporated into the Soviet Union. The country gained independence in 1990 and restored its name to the Republic of Armenia. Under the Soviet Union, the only legal forms of gambling in Armenia were the lottery and wagering on horse races.
Armenia is a relatively poor country, making most Armenians become full-time gamblers, especially as it is disproportionately prevalent among the poor. In the face of severe social consequences, the Armenian Government sought to stricter the gambling market by strictly forbidden minors under 21 to participate in gambling activities.
Gambling in Armenia is legalized under the Law of the Republic of Armenia on Lucky Games and Casinos since 2003. Article 2 of the law includes the exact definitions of what a game of chance is and what game of chance is Regulated by law, such as casino games, table games, lotteries, betting, and more. Subsequent amendments to this act also included all forms of online gambling in Armenia as part of the games covered by this CasinoMentor.
Since then, gambling in Armenia has become extremely popular. The country has four major casinos, several betting shops, bingo rooms, and other facilities that offer a wide variety of games. Gambling operators are required to obtain a gambling license from the Department of Finance to be able to provide any gambling services legally.
The agencies responsible for managing gambling activities in the country are the Ministry of Finance and the State Revenue Commission. Under Armenian gambling laws, the Ministry of Finance may obtain a license to provide any gambling game governed by the Gambling and Casino Games Law.
The Armenian government approved a series of amendments to the national gambling law, in which operators in the country face stricter regulations on advertising and lotteries. Under the new amendments, only local operators are allowed to advertise in Armenia. Ads must be targeted to 21 or older, while television and radio ads can only be played within specific timeframes. If failure to comply with the rules, advertising agencies face a penalty of one million drams.
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