Minister of Economy Gevorg Papoyan held a meeting with representatives of Global Tribe Gaming, an international entertainment and gaming company.

The company, in cooperation with the “Dvin” Hotel Complex and “Seven Visions Resort & Places,” plans to develop an international-standard gaming, hospitality, entertainment, and tourism complex in Yerevan.

The total estimated value of the project is approximately USD 500 million, of which USD 40 million is planned to be allocated for the development of adjacent real estate, including the construction of an additional hotel tower, Minister Papoyan said on social media.

The project is expected to create approximately 1,000 jobs.

The parties discussed the implementation of the investment project, as well as issues related to taxation, licensing, regulation, and payment systems in the gaming sector.

Papoyan’s Deputy Edgar Zakaryan, Enterprise Armenia CEO Gohar Abajyan, and Dvin Hotel Complex CEO Artak Tovmasyan also attended the meeting.