Iudara

AM · Tier 3

Armenia

Armenian Gambling Commission online casino and bookmaking licences — emerging Caucasus market with low entry cost.

At a Glance

Setup
$20K–$40K
Annual
$30K+
Timeline
12–20 weeks
Tax
Fixed annual fee + corporate income tax
Markets
Armenia + selected exports
Tier
3
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What works here

Opportunities

  • +Eastern European operators using Armenia as a low-cost regulated foothold
  • +B2B suppliers serving Caucasus and CIS markets

What to watch

Watch-outs

  • !Small domestic market — strategy must include cross-border activity
  • !PSP acceptance is selective

Permitted Verticals

CasinoSportsbookPokerB2B

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