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Armenian economy ministry said that restrictions on gambling ads cause great damage to media.

"We understand that limiting advertising to sweepstakes causes a lot of damage to the media, but, nevertheless, a balanced decision was made," Armenian Minister of Economy Vahan Kerobyan told reporters on Thursday.

According to him, the restriction of advertising on gambling does not pose any threat in terms of new investments. He assured the risks were overcome. 

"I do not think that investment attractiveness in the field of gambling is an important topic," the minister added.

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