All jurisdictions
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
UNVERIFIED — figures for guidance only. As of 10 June 2026. Verify with the regulator before making licensing decisions.
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