Armenia Amends Gambling Legislation

Politicians in Armenia's parliament have voted to approve of changes to the country's gambling laws, with the aim of simplifying the taxation process for player winnings as well as fighting offshore gambling.

The change would see betting operators become the collectors of taxes, taking 5% of winnings at the spot for larger wins of more than 5 million drams. Smaller winnings are taxed at a rate of 10% on net winnings if the haul is less than 5 million drams (€11,000).

In addition, the country has banned offshore gambling in the country as well as the advertising of the services. There was previously a ban on cash payments for online gambling, making players use cards issued by banks.

A timeframe for the implementation of the changes wasn't made publicly available as of press time.

About the author

Therese Williams // UK Correspondent
Therese Williams
Therese is a fervent fan of slot machines and pub fruities, often trying her luck at some of the top online casinos. She covers news for Casino Listings with a focus on the UK and Europe. Therese studied arts and creative writing at university and has written for newspapers in the UK.

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