Latvijas Loto and Latvian State Revenue Service to launch a receipt lottery in 2019

Andriey LATVIA 1 September 2018 No comment

Latvian mass media inform that a receipt lottery is planned to be launched in Latvia in 2019. The lottery will be organized by the State Revenue Service jointly with Latvijas Loto. There will be a weekly drawing with 10 cash prizes of € 200 each, and a monthly drawing of 3000 euros. The lottery is […]

GIG signs first external sportsbook contract with MRG in Latvia

Iwo Bulski LATVIA SPORTSBOOK 24 August 2018 No comment

Gaming Innovation Group Inc. (GiG) announces a multi-year extension with 11.lv, MRG’s (Mr Green) newly acquired iGaming company in Latvia. In addition to the multi-year extension of the existing contract, GiG will supply 11.lv with the new GiG Sports Betting Services: GiG Goal, GiG Trader and GiG Sports Connect.

Latvia Remains Olympic’s Biggest Market

Andriey LATVIA 4 August 2018 No comment

According to the consolidated unaudited report for Q2 and 6 months of 2018 published on the Group’s website, Latvia remains the major market for Olympic Entertainment with 53 Olympic casinos with 1,469 slot machines, 16 electronic roulette terminals, 24 gaming tables and 9 poker tournament tables operating. As at 30 June 2018 Latvian operations employed […]

Betsoft Gaming enters Latvian market

MDM IGAMING LATVIA 18 July 2018 No comment

Betsoft Gaming provides permission to use its content for a new partner, the Latvian operator 11.lv. Under the terms of the partnership agreement, 11.lv will add all Betsoft games to its library with a Latvian license, including the main content from the Slots3TM collection.

Latvia’s lottery to grant rewards to the best high school graduates

Iwo Bulski CASINO LATVIA 6 July 2018 No comment

The best students of the graduate classes of every secondary school in Latvia will receive a cash reward from the operator of the lottery of the State Joint Stock Company “Latvijas loto”. Latvia’s lottery will be granting each graduate with € 500.

Latvia to raise tax-deductible winnings to 7200 EUR

Iwo Bulski LATVIA LOTTERIES 2 July 2018 No comment

The Ministry of Finance of Latvia proposes not to impose tax on the lottery and gambling winnings up to 7 thousand 200 euros, report local mass media.

Latvia may move gambling to five-star hotels

Iwo Bulski CASINO LATVIA 13 June 2018 No comment

Growth of popularity of gambling encourages local political forces of Latvia to provide new restrictions. Latvia’s gaming establishments may be moved to five-star hotels.

Latvia – Olympic terminates listing of the shares of the company from Nasdaq Tallinn Stock Exchange

Iwo Bulski LATVIA 14 May 2018 No comment

Shareholders of Olympic Entertainment Group (OEG) at the annual general meeting held on 11 May 2018 decided to accept the offer of Odyssey Europe, a subsidiary of Novalpina Capital, to terminate listing of the shares of the company from Nasdaq Tallinn Stock Exchange.

Latvia – Olympic continues to fight Riga’s gambling ban

Iwo Bulski CASINO LATVIA 10 May 2018 No comment

The Riga City Council decided to close all gaming halls (apart from those located in five- or four-star hotels) in the Latvian capital city back in May 2017. Olympic Entertainment Group’s (OEG) was one of the operators hit by the decision as it operates 7 of the 42 venues affected. However, OEG has been fighting […]

Latvia – Gambling business in Latvia shows growth

Iwo Bulski LATVIA 9 May 2018 No comment

Revenues of gambling operators in Latvia increased by 9.8% in the first quarter of this year compared to the first quarter of last year and amounted to 62.272 million euros, according to data from the Inspectorate for the supervision of lotteries and gambling, reports LETA (Latvian news agency).