FROM 2013 IN ARMENIA CASINOS OR PRIZE GAMES TO BE ORGANIZED ONLY IN TSAKHKADZOR, JERMUK AND SEVAN

ARMENPRESS
June 11, 2009

YEREVAN, JUNE 11, ARMENPRESS: From 2013 in the whole territory
of Armenia casinos or prize games may be organized only in three
administrative territories of Armenia – Kotayk province, Tsakhkadzor,
Jermuk town of Vayots Dzor province and Sevan town of Gegharkunik
province.

During today’s session of the Government Armenian Finance Minister
Tigran Davtian noted that in case of the special permission of
the executive body organization of the prize games or construction
of casinos will be permitted in case of complex projects with the
investment of more than 100 million USD.

If investments are made with the mentioned sum and a hotel complex
of more than 125 places is constructed casino may also be situated
in it. Tigran Davtian noted that the draft decision has been made
based on the international experience. Selection of the mentioned
towns for the construction of such institutions is conditioned by
the involvement of these towns in the tourism projects.

Referring to this draft decision the Armenian Prime Minister Tigran
Sargsyan stressed that this is the Armenian President’s assignment and
the principle position of the Government according to which casinos
will function only in the mentioned territories and such institutions
located in other regions must be closed "they must be swept away from
the whole surrounding of Yerevan".

Casinos or the prize games must be corresponded to the standards set
by the executive body. Casinos may also be situated in the territory
of "Zvartnots" airport as there is such permission in its accredited
management agreement.