Lawmakers from the Republic of Armenia may possibly be looking to introduce important variations to the country’s gambling promotion rules.

Initiative in Armenia Proposes to Prohibit Gambling Marketing

A recently endorsed initiative might drastically change the way gambling providers promote in Armenia. On Wednesday this 7 days, a new proposal was launched all through a sitting down of the Standing Committee on Financial Affairs. The proposal seeks to introduce popular procedures that would assure that there are equal opposition disorders within the gambling subject.

RA Minister of Finance Armen Hayrapetyan, who is a crucial rapporteur, exposed that the proposal calls to restrict advertising to motels with 4-stars or better. Other qualified sites for advertising apart from accommodations would be border checkpoints, as well as “the front component of the structures carrying out related functions.”

At January 12 sitting down of the Standing Committee on Financial Affairs, the initiative of the Authorities aimed at making sure common plan in the industry of gambling and developing equivalent levels of competition circumstances and necessities was debated in the initially looking through,

reads a assertion produced by the Countrywide Assembly of the Republic of Armenia

Having said that, beneath the latest proposal, gambling advertising and marketing would be banned in other places. The new proposal follows a similar pattern that is already adopted in other nations such as Ga, the Czech Republic, Estonia and Latvia.

Opponents of the Initiative Raise Fears

Promoting agents have elevated worries in light of the new proposal. In accordance to them, the initiative has triggered “dissatisfaction in the area of advertising media.” Moreover, advertisers have lifted problems that some 60%-70% of the earnings of advertising organizations arrives from on the net online games and lotteries.

In distinction, Hayrapetyan disagreed with these calculations. According to him, only 20% to 25% of the advertisers’ revenues are fueled by gambling corporations and lotteries.

Why Ban Advertising?

Banning advertising and marketing isn’t a new principle for nations close to the earth. Even though gambling stays a billion-greenback business on a yearly basis, some countries disagree with the regular gambling advertisements that Television viewers or cell units people see every day.

Aiming at maximizing player safety, some countries implement rigorous promoting bans this sort of as the whistle-to-whistle ban on betting marketing in the Netherlands. In actuality, back in December, the gambling regulator in the country, the Kansspelautoriteit (KSA), warned one of the operators immediately after it observed that betting ads were being promoted online all through soccer matches in play.

Other international locations these as Australia have taken a distinct strategy. Again in 2020, the Business of Responsible Gambling in the country has launched an initiative dubbed Reclaim the Video game. Aiming at “normalization of sports betting and promotion,” the initiative seeks to elevate consciousness of gambling harms. Additionally, a crucial objective of the initiative is to help athletics lovers enjoy athletics devoid of gambling sponsorships or marketing.