CASINO BLUFF

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17:30:18 – 23/09/2009

The Control Chamber of the Republic of Armenia with the help of its
chair Ishkhan Zakaryan informed about the regular controls which
cleared out what for example the casino owners do to avoid taxes.

The ministry allocates licenses for casino tables.

Hence, it was found out that in previous year licenses for 102 tables
were issued but only 42 of them paid the price to the budget for a
table which is 4 million a month. In case of the resting 60 tables, the
owners presented certifications that those tables do not work. Ishkhan
Zakaryan states there is a serious danger of corruption and there is
necessity to make amendments to the law.

According to Ishkhan Zakarayn, a law should be adopted which will
provide for owner of a table to pay the fixed 4 million regardless
the table works or not.

There was registered another interesting tick in the work of
casinos. The point is that the casino owners have to register the
importation of casino objects at the ministry of finances noting the
place from where they imported them. According to the international
rule on casino automats, it has to return the 86 percent of the sum
played on it.

But it was found out that the Armenian casino automats pay back only
the 5-10 percent of the sum played on it. These automats are said to
be imported but according to Zakaryan in reality, only the "brain"
is imported and after the object is transformed and adapted to the
local conditions. The result is that instead of 86 percent the automat
gives back only the 5-10percent.