A new gambling establishment may be opened in the former hotel “Dvin”, which is currently under reconstruction.
According to the regional media, the object belongs to newly elected Armenian President Armen Sargsyan. The object can become a casino in the future.
According to the law, it is allowed to operate casinos in Armenia. A mandatory condition is an investment of $ 83 million for one location.
At the moment, gambling is a significant business for the economy of Armenia. According to official data, gambling business brought about $ 400 million to the state treasury in 2017, which was a record for the entire history of the industry in the country.