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Armenia Bets on Casinos to Spur Job Creation & Growth: Extends Customs Tax Exemption

The Armenian government today granted a large casino group a three year exemption extension on paying any customs tax on gaming equipment imports.

To justify its decision, the government argues that Senator Group Ltd. is a pioneer in Armenia’s gaming sector and a major employer.

The company currently employs 118 people; 64 of which live outside Yerevan. Today’s decision boasts that the company will create another 32 jobs.

Last year, Senator Group imported 43 slot machines (aka one-arm bandits) and paid no customs tax thanks to the government exemption.

The Armenian government doesn’t hide its belief that the gaming sector is a vital component when it comes to developing the national economy. 

According to the website of one of the company’s casinos, Royale Senator, jobs as poker dealers pay from $1000 - $1,300.

The site also encourages people to visit its casino, located in the picturesque resort town of Tzaghkadzor, by proclaiming that:

  1. We play fair
  2. We give a chance to win
  3. We play enthusiastically
  4. We make your game convenient, comfortable and safe
  5. We are a socially responsible company.

Perplexed readers can visit the casino’s site for detailed explanations of the above points.

 

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