LATVIA

Gambling revenue dropped by quarter in first half of 2021 in Latvia

Gambling revenue in Latvia decreased by 26% in the first half of 2021 due to the constraints of the pandemic. According to the Ministry of Finance, €7 million was collected in the first half of the year, which is almost €16 million less than expected.

In Latvia, gambling is currently organized by 17 operators, 10 of which operate in gaming halls and casinos, while 13 work online. More than 2,900 workers are employed in the sector. Signe Birne, chief executive of the Lotteries and Gambling Monitoring Inspectorate, said that the pandemic had had a significant impact on the sector.

“If we look at the six-month results, then in fact, the traditional gambling sites have worked for 16 days in total. This has an impact on overall results. Of course, interactive gambling has not stopped. Unlike last year, when interactive gambling wasn’t offered for about two months, they have worked nonstop this year. It also appears in the results that actually total revenue, which is in the course of six months, is from the interactive gambling,” Birne said.

Arnis Vērzemnieks, spokesman for the Latvian Games Business Association, said that only 63 game halls out of 270 opened in June after a prolonged downtime.

“The reason is that there simply aren’t enough customers. This trend, with a significant reduction in customers, started already, I would say, before the pandemic, when the Register of Self-Denied Persons was introduced, when the number of customers fell quite rapidly by 20-25%. Then, of course, there was a pandemic, and it should be noted that, from the middle of this year, this register includes those who have alimony debt, which is about 40 thousand people, and it also leaves a great impact,” Vērzemnieks said.

Source: eng.lsm.lv

Andriey Nabukhotnyi

Former editor-in-chief of Ukrainian specialized magazine catalogue Entertainment Industry. Andriey is E-Play's observer of Eastern European gambling market.

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