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  1. #1
    The Buzz's Avatar
    The Buzz is offline GPWA Gossip Hound
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    Default Cash gambling banned in Armenia

    Last week, a ban on using cash for gambling in Armenia was approved. The hope for this ban is to lower gambling harm and allow the trace of all transactions.

    In six months, the next phase will come into effect when bookmakers will no longer be allowed to accept bets from payment terminals.

    From Armen Press:

    Bets will be allowed to be made only by bank cards, and the winners will receive their sum again in non-cash method.
    Read more here: https://www.armenpress.am/eng/news/1084141/

  2. #2
    universal4's Avatar
    universal4 is offline Forum Administrator
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    So instead of gambling with money they physically have, they will be forced to gamble with cards using money they may or may not have.

    Unless by bank cards it will be limited to debit cards only and not credit.

    If so it seems like the motivation is "tracing" not reducing "gambling harm" although admittedly that it might also do that a little, but by forcing players to use cards and not cash, said player might have limited themselves to the cash they had in their pocket and make them even MORE compulsive tapping their funds in the bank.

    Just seems like a slippery slope.

    Rick
    Universal4

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    Totally agree with Rick. This legislation seem completely counterintuitive. Using cards makes gambling much easier with the gambler not having a grasp of what they are really spending.

    Put $50 in a pocket and you are much more aware what you are spending versus tap & go.
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    Mattbar's Avatar
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    This seems to be more to do with banning cash gambling to reduce crime, tax evasion, fraud, etc., than for protecting the customer.

    It's like when they brought in the FOBT 2 stake limit in the UK and made it all about protecting people from harm without mentioning the millions in drug money cash that was flushed through those machines to clean it.

    'Protecting gamblers from harm' seems to be a catch all phrase now for legislators to pass anything they want.

  6. #5
    Peter84 is offline Banned
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    I agree. The purpose behind that is to be able to see who paid whom for what reason in order to stop money laundry. I wonder why they introduced that ban so late but well, every country does its own things.

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