Armenia orders gambling sites to report all wagers over $2k

Armenia’s government has approved plans to create a registry of high-rolling gamblers, because the country’s supply of trust is apparently running even lower than its capital reserves.

On Thursday, the Armenian government approved a proposal introduced by the nation’s deputy finance minister that will create a database of gamblers who spend over AMD 1m (US $2,060) on any wager, be it land-based or online. Gambling operators will be required to report these transactions and keep copies of gamblers’ identity documents.

The new measure, which will take effect on June 1, is ostensibly aimed at reducing opportunities for money laundering, although one can’t shake the suspicion that the law’s true intent is curbing gambling activity, based on the natural human impulse to get your name on as few government lists as possible.

Sandwiched between Turkey, Georgia and Azerbaijan, Armenia has a full spectrum of gambling options, including a state-run lottery, a few large land-based casinos, numerous small gaming halls and a handful of approved online gambling operators. However, the government has been making life more difficult for gambling operators in recent years.