Armenia is rapidly strengthening its position as a technological base for the iGaming industry. According to iGamingBusiness, over the past year, more than 20 international companies related to online gambling have opened offices or relocated teams to the country. In some cases, these are large divisions with up to 1000–1500 employees working in software development, payment systems, and technical support for gaming platforms.
In fact, such teams do not work with the local market but serve projects worldwide – from Europe and Latin America to Asia. In the industry, this is called the B2B segment, where companies create technologies and infrastructure for online casino operators and betting services.
Experts name the regulatory environment as a key relocation factor. In Armenia, iGaming companies can operate as regular IT structures without a separate gambling license, which significantly reduces entry barriers compared to traditional jurisdictions. At the same time, the internal gambling market is strictly regulated: a license to work with Armenian users can cost about $1.5 million per year and also provides for enhanced tax and technical regulation, including a real-time betting tracking system.
As a result, the country is forming a model with an open international IT cluster and simultaneously strict control of the domestic market, which is already being compared to the approaches of Malta, Curaçao, and Gibraltar.