Gaming Innovation Group Inc. (GiG) announces a multi-year extension with 11.lv, MRG’s (Mr Green) newly acquired iGaming company in Latvia. In addition to the multi-year extension of the existing contract, GiG will supply 11.lv with the new GiG Sports Betting Services: GiG Goal, GiG Trader and GiG Sports Connect.
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.
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 […]
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).
The inaugural edition of the yearly event which focuses on the Baltics and the Scandinavian region has already made the headlines on many industry related news portals and the organizers have confirmed that key industry stakeholders are going to attend the event.
Supplier’s full suite of games go live in both countries via partnership with Optibet. Leading online and mobile casino content provider, iSoftBet, has strengthened its hold in Eastern Europe after its full suite of games were certified for launch in Latvia and Estonia.
Pursuant to the Act of 22 November 2017, Parliament adopted amendments to the Act on Private Income Tax. Any winnings in excess of EUR 3,000, payable on a one-off basis, are subject to 23% personal income tax.
The Seimas unanimously adopted amendments to the Law on Gaming, which, through information technology, will increase the transparency of gaming business, reduce the administrative burden and ensure public interest. Analogous control systems are available in neighboring countries Denmark, Norway, Sweden, Estonia, and are currently implemented in Latvia.
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