It has been reported by industry media that Latvia’s parliament has decided to ban gambling halls throughout the country. The representatives of the political parties have stated that amendments are needed and that casinos can only be located in luxury hotels.
The representative of the Ministry of Finance, Yana Salminia, stated that the streamlining of the gambling business is already underway. Politicians and other interested parties can submit their proposals, the draft consideration was already completed.
Meanwhile, the country’s gambling revenue increased by 11.7 per cent compared with 2017 and amounted to 277.701 million euros, according to the Lotteries and Gambling Supervisory Inspection of the Republic of Latvia.
The total turnover of gambling operators in 2018 grew by 10.5 per cent to 293.467 million euros and the total estimated profit of these active 16 companies, amounts to 80.998 million euros in 2018, which is 18.5 per cent more than in 2017.
During the second edition of MARE BALTICUM Gaming Summit – The Baltic and Scandinavian Gaming Summit and Awards, which will take place in Vilnius on the 9th of May, Mrs. Signe Birne, Director of Lotteries and Gambling Supervisory Inspection of the Republic of Latvia, will join the “Focus on the Latvian and Estonian gambling industry” compliance panel discussion.