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Casinos In Armenia Can Function Only In Resort Towns And Free Trade

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  • Casinos In Armenia Can Function Only In Resort Towns And Free Trade

    CASINOS IN ARMENIA CAN FUNCTION ONLY IN RESORT TOWNS AND FREE TRADE ZONE

    news.am
    Aug 18, 2011
    Armenia

    YEREVAN.- Amendments to the law on casinos and gambling in Armenia
    will come into effect from January 1, 2013.

    According to the amendment, casinos and gambling halls can function
    only in the territory of resort towns of Tsakhkadzor, Sevan and Jermuk,
    as well as nearby Zvartnots airport and "Yerevan" free trade zone.

    Minister of Finance Vache Gabrielyan introduced amendments providing
    that casinos and gambling halls should be located 500 meters (0.3 mile)
    away from schools, cultural and historical monuments, state buildings
    and hospitals, to be confirmed by the government.

    Besides, casino should be located in the territory of at least 250
    square meters, whereas a gambling halls in at least 100 square meters.

    Eighty-four gambling, 10 casinos and 3 lotteries' licenses have been
    issued in Armenia as of August 1, said the Finance Ministry.

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