Armenian online casinos for Real Money

Gambling has been legal in Armenia since 1991 (for reference, see the Law of the Republic of Armenia on Games of Chance and Casinos). In fact, the nation is home to a number of sizable casinos, the biggest of which is TotoGaming, which also manages the Armenian National Lottery. Additionally, the nation is home to a number of smaller game halls.

Although residents have had the freedom to engage in gambling activities since 1991, internet gambling wasn’t made legal in Armenia until 2004. Nowadays, the majority of casinos offer digital platforms for a range of games, such as sports betting, online casino games, and other forms of gambling. Although it is legal for Armenian citizens to gamble and participate in games, the government has the right to bar anyone who has requested self-exclusion from visiting casinos and other similar establishments.

Additionally, while most forms of gambling are allowed, blood games are illegal in Armenia. Blood games are games in which animals are pitted against each other to fight until blood is drawn. These kinds of games are banned because they are considered a form of animal cruelty.

A significant part of the gambling laws in Armenia is location. Casinos are not allowed to be set up in the capital city of Armenia, Yerevan. The closest one is the Casino Shangri La, which is two kilometers from the capital. Under new regulations, casinos cannot be set up within fifty kilometers of the capital or within ten kilometers of a regional center.

The Armenian government regulates the gambling sector by requiring that operators acquire a license from the government before they can operate. In the past years, the Armenian government has taken a negative stance on gambling and has put different measures in place to impede the industry’s growth. The Armenian government is taking targeted action against gambling, from raising the gambling age to limiting the establishment of new casinos to restricting cash for gambling. The sector is also highly taxed, and now we can only wait and see how the industry evolves in response to these policies.

Gambling in Armenia is regulated by the Ministry of Finance. The body is also responsible for the issuance of licenses to operators and casinos. Before any person can set up a gambling establishment in Armenia, they must contact the Armenian Ministry of Finance for a license.

There are different types of gambling licenses under the Law of the Republic of Armenia on licensing, including those for the organization of lotteries, internet gambling games, and casinos, audit services for gambling games and casinos, and cash collection services.

The Ministry is also in charge of administering taxes in the sector. Players are taxed on their winnings at a rate of 21%. A gambling company looking to open a casino in Armenia must invest at least $100 million. Tax is paid based on a fixed amount set out in the Armenian Tax Code and paid in Armenian Drams (AMD).

Users are encouraged to ensure that a casino is licensed before playing at it. A quick internet search will give you a list of reputable gaming companies that you can check out within the country.

Traditional card and table games, such as roulette and poker, are most popular among Armenians. The residents also like Punto Banco, Blackjack, Caribbean Poker, Three Card Poker, American Roulette, and so on.

Lotteries are the oldest form of gambling in Armenia. It was legal even before Armenia’s independence from the Soviet Union. It is wildly popular but monopolized by TotoGaming, the biggest gambling company in Armenia. Buying lottery tickets from foreign lotteries is illegal.

Furthermore, poker has become more popular in Armenia since the 2000s due to the rise of online gaming. It is available as a gaming option in every casino in Armenia. Some forms of poker, such as sports poker, are not considered gambling, while others are.

Finally, sports betting is also a popular gambling game in Armenia, and it is operated by the biggest gaming companies in the country.

The currency used in Armenia is the Armenian dram (AMD). It is also the currency used in gambling. Previously, three methods of payment were available in Armenian casinos: cash, non-cash payments through banks and cards, and electronic payments. However, Armenia banned the use of cash for gambling in 2022, so you may only place bets using banks, bank transfers, or bank-issued cards. This is just one more stroke in the Armenian government’s attempt to clamp down on the gambling industry.

With the passage of a new bill in 2022, payments can no longer be made through cash or electronic payment options. This rules out cryptocurrency as a payment as well. The bill is said to help socially vulnerable individuals who are addicted to gambling by keeping them from making easy bets. If you’re looking to play any gambling games in Armenia, you need to take note of this development.

Armenia’s online casinos are open to everyone. Citizens, foreigners, tourists, and ex-pats are allowed to engage in gambling. Unlike many other countries, the gambling age in Armenia is 21. It was previously 18 but was recently revised in 2018 to combat gambling addictions among its younger population. However, it is more difficult for online casinos to verify players’ ages, so the crackdown is less effective for online gaming.