Latvia Clamps Down On Unlicensed Online Gambling

Published Friday, August 08, 2014 - Online-Casinos.com
Latvia Clamps Down On Unlicensed Online Gambling

The Republic of Latvia is a country in the Baltic region of Northern Europe, one of the three Baltic states. It is bordered by Estonia, Lithuania, Russia, Belarus and by a maritime border to the west with Sweden. Latvia has a population of 1,997,500 inhabitants. Latvia is situated almost in the centre of the European Baltic region giving internet gamblers access to many operator products from other parts of Europe.

Online gambling was made legal in Latvia in 2003. Latvijas Loto has been offering its services online since 2004. Optibet Ltd., a totalizator company, is the other operator that holds a license in Latvia. In compliance with EU law In 2011, Latvia published draft legislation that would allow foreign operators to offer products in the Latvian market. That legislation was not moved forward at the time.

On the first of January 2014 Latvia began using the Euro as its currency. Latvia decided to create a blacklist of online gambling operators it wants to ban from Latvian internet availability. The Lotteries and Gambling Supervisory Inspection and the regulatory board has issued 17 licenses as of 2013 and there are currently more than 160 licensed gambling websites in Latvia. There are only a few sites that offer gambling products in the Latvian language.

The regulator in Latvia recently signed a co-operation agreement with the gambling authorities in Latvia’s neighbouring Baltic states of Lithuania and Estonia covering the “sharing or exchange of good practices in the field of supervision and control of the organisation of lotteries and gambling”.

The blacklist published under the authority of the Electronic Communications Law, beginning on August 1 has prohibited the websites of leading services such as Bwin.com, Pokerstars.eu, Unibet.com, Unibet.net Betway.com, Fulltilt, Poker.eu, Pokerstars.com, 888.com, Bet365.com, Betfair.com and Williamhill.com. Other domains included on the exclusion list are Triobet.com, Betsafe.com, 888games.com, 888play.com, Expekt.com, Spinpalace.com, Casino.com, Betsson.com and Casinoeuro.com.

 

 

 

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