Armenia Hires Maltese Firm to Oversee Gambling Regulation

Armenia has selected a Maltese company to regulate its gambling sector, according to Prime Minister Nikol Pashinyan. The move aims to increase transparency in gaming operations and address long-standing issues with unreported gambling transactions that have resulted in unpaid taxes.

The decision reflects broader efforts by the Armenian government to improve oversight of the gaming industry. Pashinyan emphasized the need for regulatory frameworks that ensure financial accountability and proper tax collection from gambling operators.

The appointment of an international regulatory body suggests Armenia's commitment to establishing standards comparable to those used in other jurisdictions. Details regarding the scope of the Maltese company's responsibilities and the timeline for implementation were not immediately specified.