Latvian gambling market shows considerable growth in Q3. However, the revenues are far from reaching 2019 figures.Lotteries and Gambling Supervisory Authority published Q3 analysis of the Latvian gaming market. Despite the lockdown, the revenue rose from €12.3 million to €55.2 million in total compared to Q2. Still this is a 33.2% year-on-year decline. The data show […]
We are delighted to announce an agreement for the exclusive release of My Lucky Number’ with online gaming company Enlabs in the Latvian Market. My Lucky Number, which is Hacksaw Gamings largest high fixed prize slot, featuring a massive €25,000,000 will be live in the Latvian market exclusively on Optibet.LV and Laimz.lv for a period […]
Budget revenues from lottery and other gambling activities in 2020 decreased by 33.9% compared to the previous year. Latvian treasury received 8.4 million euros less from gambling business. The Latvian Ministry of Finance informs that in the first two quarters of this year, the total plan for filling the national treasury has not been fulfilled. […]
According to the LSM website, gambling operator Optibet challenged the decision of the Saeima (Latvian parliament) to ban online gambling in the Latvian Constitutional Court. LSM reports the information was announced by the head of Optibet in the Baltic States, Dainis Niedra. “With this decision, legitimate business was eliminated while illegal operators do not comply
Enlabs has offices in six countries and strictly follows recommendations from local authorities. All staff have been offered to work from home and no business trips are allowed. We are used to working digitally, which is why the changeover was immediate and efficient. Our business works very well. We are fully operational and have a welded […]
According to the Latvian national news agency LETA, compared to 2018, the economic growth continued and Gross Domestic Product (GDP) increased by 2.2 %. In 2019, GDP at current prices amounted to EUR 30.5 billion. Increase of 5.8 % was registered in arts, entertainment and recreation sector, which was mainly affected by 7.9 % rise […]
Latvia’s Cabinet of Ministers has supported Finance Ministry’s proposed amendments to the Law on Lotteries and Gambling Fee and Tax, providing for an increase of gambling tax next year. The existing tax rate for gambling machines for each gambling machine’s location per calendar year is is 4 164. Starting with next year, however, it will […]
Revolver Gaming, the up and coming content provider, has signed a partnership with Enlabs, the largest operator in the Baltics. The deal means London-based Revolver Gaming’s full slots portfolio will be made available across all of Enlabs casino brands and markets starting with Estonia and Latvia via Enlabs flagship brand, Optibet. The launch marks Revolver’s […]
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 […]
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