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Latvia Remains Olympic’s Biggest Market

Andriey LATVIA 4 August 2018 Post a 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

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).

Latvia - Lithuanian regulator, Lolita Šumskaitė will speak at MBGS 2018

Iwo Bulski LATVIA 23 April 2018 No comment

Mare Balticum Gaming Summit 2018 is a must attend event for companies that are operating or looking to operate in the Baltics or Scandinavian region. The “Mare Balticum” title of the event is inspired by local event titles which gather the locals from the Baltic Sea region.

Latvia - Gustaf Hoffstedt speaker at Mare Balticum Gaming Summit 2018

Iwo Bulski EXPERTS LATVIA 18 April 2018 No comment

Mare Balticum Gaming Summit 2018 is attracting high profiled executives of the online gambling industry from the Baltic and Scandinavian region, but also the international operators are gearing up to be present at the event.