MINISTRY OF FINANCE REVIVES THE LOTTERIES

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[07:01 pm] 07 December, 2006

In November the RA Ministry of Finance and Economy has given to
licenses to organize lotteries. In the same month two organizations
of lotteries have been fined for 100 000 AMD each, another has been
fined for 1 100 000 AMD, and another has been warned.

Since the beginning of the year a total sum of 872.5 million AMD
has been paid by the casinos and lottery organizations. On the
whole, 15 lotteries and three casinos have been given licenses this
year. Alongside with this, 13 lotteries and five casinos have lost
their license.

At present there are 56 lotteries and 61 casinos operating in Armenia.