Latvia

News & Analysis

Baltic Online Markets Soar Past €400m In 2021

Overall regulated online gambling revenue in the Baltic region jumped by 84 percent year-on-year to €409m in 2021, with exaggerated channel shift helping Latvia and Lithuania to become the latest European markets to pass €100m in annual market size.

European Blocklists Continue Rapid Growth As Spotlight Shines On Curaçao

The number of blocklisted online gambling domains across 18 reporting European countries, as monitored by VIXIO GamblingCompliance, increased by 55 percent to more than 150,000 in 2021.

Latvian Gambling Legal Proposals Pouring In

Latvia is continuing to propose major regulatory changes for its gambling industry, including a ban on the sale of alcohol in gambling venues, as the country remains on its path to wider social reform.

Latvia Legal Changes 'Huge Relief' For Regulator, Says Lawyer

Recent amendments to Latvia’s primary gambling law should help the regulator take enforcement action more easily, according to a local gambling law expert.

Latvian Regulator Granted Licence Suspension, Revocation Powers

The Latvian gambling regulator has received new sweeping enforcement powers, including the ability to suspend and revoke licences, as well as hand out fines.

Research & Reports

Market Insight: European Online Gambling

This in-depth report provides insight into the size, structure and growth of 32 European online gambling markets, containing analysis, updated as new information becomes available, sector themes and key market developments bringing stakeholders opportunities, challenges, tailwinds and headwinds.

Interactive Map: Gambling Advertising Across Europe

Advertising is one of the most hotly discussed topics in the European gambling industry. In this map, VIXIO GamblingCompliance shows the current situation regarding gambling advertising in all jurisdictions. The map highlights the differences among the countries that allow, partially prohibit or forbid gambling advertising.

Market Insight: European Lotteries

This in-depth report provides insight into the size, structure and growth of 30 European lottery markets, containing analysis, updated as new information becomes available, of sector themes and key jurisdictional and lottery-level developments including growth trends by game category and channel shift towards online sales.

Latvia: Draft Amendments to the Law on Prevention of Money Laundering and Terrorist Financing

On April 3, 2019, the Saeima (parliament) introduced Draft Law no. 295/Lp 13 with the title “Amendments to the Law on Prevention of Money Laundering and Financing of Terrorism”, with the aim of aligning the national anti-money laundering and counter-terrorist financing (AML/CTF) framework with the provisions of the 5th Anti-Money Laundering Directive (5th AMLD).

Latvia: Ministry of Justice Introduces Draft Law on Personal Data Processing to Implement GDPR

The Ministry of Justice has introduced a draft law, the Law on Personal Data Processing, which will implement the General Data Protection Regulation (GDPR) in Latvia.

The GDPR aligns existing principles for the protection of personal data by establishing uniform rules on the protection of personal data, which would apply throughout the EU, as the current framework on personal data is not harmonised and is different in member states.

The GDPR provides the following improvements in the single market environment:

Data & Forecasts

Market Monitor: European Online Gambling

This quarterly report contains a comprehensive overview of available data on the €25bn+ European online gambling sector. Jurisdictional market size figures and year-on-year growth rates are supplemented by an interactive dashboard and standardised, comparable data on betting-gaming splits and online penetration rates.

Latvia - Quarterly Gaming Report - 1997 to 2022Q3

Latest quarterly Gaming Report data from the IAUI of Latvia. The data released for the country contains the following information: GGR by sector & major operator, gambling taxes and number of gambling units & premises. There are approximately 1,940 data points in this document.

Market Monitor: European Land-Based Gaming

This report aggregates available, sourced data on regulated land-based gaming markets across Europe, split between casinos and non-casino gaming venues. Market size and annual growth comparisons across 28 reporting European countries can also be visualised via an interactive dashboard.

Enlabs AB Report - 2008 to 2020

Latest quarterly data from Swedish-listed Enlabs AB (formerly Nordic Leisure and Redbet Holding). The data released for the operator contains the following information: Operating income, operating expenses, EBITDA, operating profit and a breakdown of operating income by business segment & product vertical. There are approximately 900 data points in this document.

Olympic Entertainment Group Report - 2005 to 2018Q3

Latest quarterly data from Estonian-listed Olympic Entertainment Group. The data released for the operator contains the following information: Group income, a geographical breakdown of revenues and profits, number of casinos by business segment and online casino revenue. There are approximately 2,480 data points in this document.