Concern. It is located in Yerevan, just two kilometres from the city border. Since opening, it has doubled in space and the 2,400sq.m casino includes 41 gaming tables and 340 slots with a poker club and VIP clubs.
Capital: Yerevan Total Area: 29,
743sq.km Regions:
11 administrative regions Borders: Turkey, Georgia, Azerbaijan, Iran Population: 2.9 million Median age: 38.9 years Religions:
Armenian Apostolic Christian, other Languages: Armenian. Russian is widely spoken Ethnic Groups: Armenian, Yezidi, other Currency: Drams (AMD) Government type: Parliamentary democracy Chief of State: President Vahagn Khachaturyan (since 2022) Head of Government: Prime Minister Nikol Pashinyan (since 2021) Elections: President is indirectly elected by the National Assembly for a single 7-year term. Prime Minister is elected by majority vote. Unemployment: 12 per cent (Q2 2025) Tourism: 2.2 million (2024)
In 2014, the Onira Club opened the region’s
second-largest casino project. Te Onira Club is part of the Multi Group Concern, which was set up in 1998 by Gagik Tsarukyan and is part of the Pharaon leisure and entertainment complex. Tsarukyan owns half of the shares in Cleopatra
LLC (the joint venture company between Storm and Multi Group set up to operate Shangri-La). Te casino was approved due to the clause per- mitting projects with an investment over and above AMD40bn. Te Pharaon complex includes the five-star
Multi Grand hotel with 82 rooms and six villas available, plus swimming pools, concert and ban- quet halls plus bars and restaurants. Te Royale Casino is part of the Royale Enter-
tainment Centre in Tsaghkadzor, next to the Marriott Hotel offering table games, slots and VIP rooms. It is operated by the Cobalt Group. Te Cosmos Casino is located in the Kotayk
region in Tsaghkadzor. Tsaghkadzor is a popular ski resort town in Kotayk province and one of four towns allowed to accommodate casinos. Te casino has been operated by Polimer Plus LLC since 2021. Te Senator Casino is operated by V and V and
is located in Tsaghkadzor. It operates slots and table games and VIP lounges. Te Senator Hotel is located next door to the casino with eight rooms and a swimming pool. Meanwhile Te Golden Palace Hotel and Spa
in Tsaghkadzor was sold and rebranded in 2024 by Project-Inter-Invest LLC and is now called the Eighty Eight Hotel and Spa. It was originally opened in 2013 as Te Golden Palace and has 126 rooms, restaurants, bar, gym, and pools inside the seven-storey building. Te building had been empty since the family
of Armen Avetisyan, the country’s former head of customs, gifted it to the state in 2019. At the time, he was being investigated for money laun- dering over the development of other hotel prop- erties, however the investigation was dropped after the hotel was donated to the state.
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