Fines in Armenia’s gambling industry totaled AMD 7.4mln over five months of 2010

Fines in Armenia’s gambling industry totaled AMD 7.4mln over five months of 2010

PanARMENIAN.Net - In January-May 2010, the Armenian Ministry of Finance issued licenses for organization of nine games with wins and one gaming house. Meanwhile, nine licenses for organization of games with wins and one license of a gaming house were recognized as expired.

At the same time, 12 licenses for organization of games with wins, three licenses of gaming houses and one license for organization of lottery were withdrawn, the Ministry’s press service reported.

During this period, gaming houses, organizers of games with wins and lotteries were fined at the amount of AMD 3.6mln, 3.3mln and 500,000 respectively.

State duties at the amount of AMD 195mln were paid as provided by the law from January 1 to June 1, 2010.

97 licenses for organization of games with wins, 12 licenses for gaming houses and 4 licenses for organization of lotteries are effective in Armenia as of June 1, 2010.

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