With just five casinos and 65 table games in operation, growth in Latvia’s gambling industry revenues has continued in recent years.
Total Industry revenues reached €210m in 2015, of which €173m came from slot machines, €14m derived from table games and €1.8m from betting.
For the purposes of revenue calculation arcades in Latvia hold the same status as casinos, but across the industry regulated gambling spend in Latvia has increased by 85 percent since 2010.
The country has seen no casino closures since 2013, and in total the industry employs 3890 employees.
Player visits were up slightly in 2015, rising by two percent, as 618,000 individual visits were made throughout the year.
Slot machines are the principal gaming activity for Latvia’s players and have consistently performed better than table gaming throughout the past years.
Online gambling is permitted and regulated in Latvia and the sector, which includes poker, betting and casino offers is rapidly expanding; six operators currently hold an online gambling licence and online revenue soared 98 percent in 2015, to €11.5m, with online casino dominating the market.
The key requirements for player protection are laid out in Section 41 of the Gambling and Lotteries Law.
The granting of loans or credits to players by gambling organisers is forbidden.
Any loan granted at the venue for gambling arrangement shall be deemed to be a loan deliberately granted for gambling for the purpose of Section 2284 of the Civil Law.
Gambling advertisements are forbidden outside gambling venues and only an indication of the name of the gambling venue and the registered trademark of the gambling operator is permitted.
Gambling games may not be offered free of charge, nor may they be offered as a present or prize or a compensation for purchase of any goods or services.
The Ministry of Finance has prepared additional amendments to allow for self-exclusion by vulnerable persons.
Casinos are required by law to display warning messages that highlight the risks that gambling can present, as well as information regarding where and how problem gamblers can receive assistance.
For online gambling a self-exclusion programme, authorised by the Procedure for Registration and Identity Checking of Interactive Gambling, states that within three working days from a player’s request, the operator must exclude the player from the register of interactive gambling.
Stake limits are also defined within the gambling rules, created by the operator and approved by the regulatory authority.
The Procedure for Registration and Identity Checking of Interactive Gambling allows players to define a maximum stake, either for a single game or a maximum number of stakes to be made during a gambling session.
These stakes can be altered by the player but new limits will not be applicable until seven days after the operator has been notified by the player.
Legal Gambling Age: 18 Years Old
Smoking Ban: The law states: “It shall only be allowed to smoke in premises specially designated for smoking or in premises, which are separated for smoking.”
Terrestrial: Multiple Licences subject to licensing requirements including minimum capitalisation
Online: Multiple Licences
Terrestrial:Poker tournaments may only be organised by licensed operators in licensed gaming venues
Size of Illegal Gambling Market:Data not available.
Market Protection Measures / Tools to Tackle Illegal Gambling:Website blocking is currently in place in Latvia under the Electronic Communications Law, which allows the gambling regulator to limit the access to unlicensed gambling operators.
Payment blocking measures are also in place under the Credit Institutions Law. The Lotteries and Gambling Supervision Inspection should provide a list of unlicensed operators to credit institutions and payment service providers.
Currency : Euro
(Source:The World Bank)
GNI (2014, Local Currency, Millions): 23,444
Internet Penetration (Internet Users):75.8%
(Source: The World Bank)
Mobile Penetration (Mobile Cellular Subscriptions): 124%
(Source: The World Bank)
Doing Business Ranking (June 2015):22
(Source: World Bank Group)
Last Updated: 1st September 2016