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LATVIA

Latvia launches receipt lottery

Andriey LATVIA 2 July 2019 No comment

In order to promote fair competition, a purchase receipt lottery was launched in Latvia this Monday, announced the State Revenue Service (VID) on July 1. Citizens are able to register receipts, checks, and tickets bearing a sum of at least five euros. The lottery is designed to promote the voluntary fulfilment of tax obligations. There […]

Latvia online gambling market up 35% in Q1 2019

Andriey LATVIA 15 May 2019 No comment

Latvian online gambling market revenues grew by 35.4% year-on-year during Q1 2019, with combined revenues topping €12.3m (£10.6m). New figures released by the Lotteries and Gambling Supervisory Inspection of Latvia (IAUI) show a 39.2% year-on-year rise in gross gambling revenues from online casino gaming which generated €8.8m during the first three months of 2019.

BeeFee enters Latvian slot hall market

Andriey LATVIA 14 May 2019 No comment

BeeFee has entered the Latvian retail gaming market, with its slot machines and popular casino content now available in LVBET’s casino halls in the country. Under LVBET’s Latvian gaming licence, 18 of BeeFee’s most popular slots games are now live in the country for the first time, including Book of Ming, Stunning Hot, Magic Hunter […]

Coingaming Group introduces Bombay Club studio

Andriey LATVIA 2 May 2019 No comment

The Coingaming Group, operator of leading gaming brands including BitCasino.io and Sportsbet.io, has announced a multi-year partnership with a leading supplier to launch a dedicated live casino studio in Riga, Latvia. The new studio, located close to the ancient city, will be known as the Bombay Club High Roller Studio. The Asian-themed private salon will […]

The Latvian parliament introduces changes to gambling law

Iwo Bulski LATVIA 24 April 2019 No comment

The Latvian parliament has approved the amendments to the national legislation on gambling.

Latvia keeps on tightening control over online gambling

Andriey LATVIA 21 April 2019 No comment

Latvia intensifies fight both against unlicensed gambling operators and players. The Latvian parliament has approved the amendments to the national legislation on gambling in April. The new rules are aimed at prohibiting Latvians to gamble on the websites of international online gambling operators who operate without license in Latvia. Financial institutions and Internet

Riga City Council unanimously votes to close all gambling halls in Riga

Andriey LATVIA 31 March 2019 No comment

After several hours of debates, the Riga City Council voted on March 27 to close all gambling halls in the city, except for those located in four or five star hotels. The Riga City Council’s Legal Department, in cooperation with the City Development Department, will now draw up new Riga City Council regulations, which will […]

Ministry of Finance: Latvia to lose millions if gambling is banned

Andriey LATVIA 28 March 2019 No comment

Latvian Ministry of Finance has analyzed the situation if gambling halls outside four or five star hotels are closed not only in Riga, but throughout Latvia. According to the calculations of the Ministry, in this case, the country’s budget will lose 36.6 million euros. Under the amount of 36.6 million euros, the Ministry of Finance […]

Riga plans to shut down almost all gambling houses in city

Andriey LATVIA 21 March 2019 Post a comment

The Riga City Council is planning to shut down all gaming venues in the city, in both the downtown and in neighborhoods. Riga Mayor Nils Ušakovs has told the municipality’s Legal Affairs Department and Urban Development Department to draft a Riga City Council decree revoking all gaming venues’ licenses in Riga, except those located in […]

Latvian gambling operators earned €80.998 million in 2018

Andriey LATVIA 27 February 2019 No comment

Delfi.lv reports that the issue of gambling business is being politicized in Latvia. At the meeting on January 10, Latvian Sejm decided to submit to the budget and financial commission a statement from more than 10 thousand Latvian citizens to ban gambling halls throughout the country. This initiative was defended by the deputy Juris Jurass […]