Latvian Gaming Business Association (LSBA) has condemned the Ministry of Finance’s plan to raise slot machine taxes by 44 percent in 2020. In its state budget for 2020, the ministry has called for an increase in the payment due for each slot machine from the current €4,164 per device per year to €6,000. It is […]
Gambling market in Latvia has been expanding. According to the figures published by the national regulator the Lotteries and Gambling Supervisory Inspection (IAUI), the gambling revenue for the first six months of 2019 has jumped to €154.5m from €134.6m in 2018. Financial results of gambling market in Latvia 2018-2019, 6 months (mill.euro) 2018-6m […]
1,565,458 receipts were registered for participation in a new type of lottery introduced in Latvia. The Latvian State Revenue Service (SRS) decided to introduce a receipt lottery in order to transform the Latvian gambling market. According to representatives of the SRS, the innovation will help establish fair competition in business, and will also become an […]
Malta-based casino games provider Playson has signed agreements to launch its slots portfolio with Klondaika in Latvia. Klondaika will be given access to the popular Timeless Fruit Slots series, as well as some of our featured games such as Rise of Egypt, Crystal Crush, Book of Gold: Classic. Blanka Homor, Sales Director at Playson said: […]
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 […]
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 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 […]
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 […]
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
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