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Armenia raises iGaming and lottery duty five-fold

3rd January 2017 9:25 am GMT

The government of Armenia has significantly increased the amount of duty payable by online gaming companies and lottery operators in an effort to bolster the state budget.

The Armenian parliament has adopted amendments to the country's law on State Duty that will see gambling companies and lottery operators hit with a five-fold increase in duty payments in 2017, from the current rate of AMD100m (€196,000) to AMD500m (€980,000).

Deputy finance minister Karen Tamazyan noted that online gaming [...]

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