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Latvia to launch receipt lottery next year

Niji Narayan

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Latvia to launch receipt lottery next year
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Latvia’s State Revenue Service jointly and the state-owned lottery company Latvijas Loto will launch a receipt lottery in the country next year. The lottery will have weekly draws, offering 10 cash prizes of 200 euros each, and monthly draws offering 3000 euros.

The lottery is planned for receipts higher than 5 euros excluding value-added tax (VAT). The Latvian citizens need to register their receipts online, recording details such as the location they got the receipt and the phone number to contact them in case of the winning. There are no age restrictions for this lottery.

The lottery will not be cheap for Latvia: the development of a special IT-system will require 200 thousand euros, and the prize fund and administrative expenses will cost 250 thousand euros in 2019 and 2020. But the authorities plan that they will receive more from this venture than they will spend to implement it.

State Revenue Service expect that the receipt lottery will help in the fight against shadow economy and result in additional 3 million euro of taxes. The Latvian Government instructed the Ministry of Finance to increase the forecast of VAT revenues in 2019–2020 by 2.95 million euros. Latvians will start to ask for checks and thus help the State Revenue Service to deal with unregistered cash flow, and thus, Latvia will improve fair trade and fair payment of taxes.

 

Source: e-playonline.com

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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Baltics

Latvia’s Gambling Regulator to Offer Psychologist Support to Problem Gamblers

Niji Narayan

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Latvia’s Gambling Regulator to Offer Psychologist Support to Problem Gamblers
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Latvia’s gambling regulator, the Lotteries and Gambling Supervisory Inspection (IAUI), is going to provide state-funded psychologist support to problem gamblers in the country.

The gambling regulator announced that Magdalēna Pranaite, the famous psychologist in Latvia, would be delivering the sessions on every weekday from 8:30 to 17:00 at its premises in the Latvian of Riga, free of charge. The family members of problem gamblers will also have access to specialised sessions.

“When gambling becomes addictive, not only the player suffers, but also people close to them and they need the help of their whole family. However, it’s up to the player to take the first step themselves. A psychologist can help them take this first step, which involves recognising, accepting and finding solutions to a problem,” IAUI said.

IAUI also said that those who are willing to have psychologist support can now contact them and register.

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Baltics

Enlabs: Launching live casino from Evolution Gaming in Estonia

George Miller

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Enlabs: Launching live casino from Evolution Gaming in Estonia
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Enlabs continues its product development with the launch of live casino from Evolution Gaming in Estonia via Optibet, the Baltics leading gaming brand.
In line with the company’s strategy of having the best and most complete experience for their customers across the Baltics this is yet another step in positioning Optibet as the obvious choice for the customer.

The Estonia launch is the first stage of a long-term collaboration with Evolution Gaming, the world’s leading live casino provider.

“I believe that live casino represents a big opportunity for Enlabs in the Baltics and beyond, our decision to partner with Evolution Gaming is a clear indication of this. This new provider addition is the most important live casino product improvement in Enlabs history. Live casino has become a popular product and the fact that Evolution Gaming is the market leader in this vertical, we have no doubt that this partnership will generate continued growth for what is already our fastest growing brand. The Evolution Gaming integration is part of a larger focus on the live casino vertical. To compliment this new provider arrival, we have also revamped our live casino lobby and have improved our promotional capabilities. I look forward to seeing the results of this hard work and rolling out these product improvements into our other markets as well” says Chris Davis, Head of Product.

Robert Andersson, CEO and President continues: “With this, we have delivered on all our launch plans for Q2 and will continue our plans for Q3 and Q4. On top of many minor launches and updates we have now also delivered BestCasino for the US, the new betting product in Lithuania, Poker and now Evolution Gaming in Estonia. All this sets us up for a strong finish to the year and further strengthens our position as the most competitive operator in the Baltics and beyond.”

 

About ENLABS:
ENLABS stands for Entertainment Laboratories. We are a company that creates entertainment through innovative thinking within three business areas: Gaming, Media and Solutions. The corporate group has offices in Tallinn, Riga, Vilnius, Malta, Marbella and Stockholm. The operating subsidiaries hold national licenses for their operations and the Group employs approximately 200 employees. ENLABS AB is listed on Nasdaq First North in Stockholm. The company’s Certified Adviser is Redeye, +46 (0) 8 121 576 90, Certifiedadviser@redeye.se For more information, visit enlabs.se

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Baltics

Latvia Launches Receipt Lottery to Promote Voluntary Fulfilment of Tax Obligations

Niji Narayan

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Latvia Launches Receipt Lottery to Promote Voluntary Fulfilment of Tax Obligations
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Receipt lottery has been launched in Latvia to promote the voluntary fulfilment of tax obligations.

“There is no age limit to participate in the lottery. Children can also take part to learn that one ought always to take the receipt. In order to participate in the lottery, a receipt, cheque, or a ticket has to be registered on cekuloterija.lv by providing some information. No personal data is required – you only have to provide a phone number so that VID could contact you in case of a win. The winner would then have to come to VID and fill in an application to receive the prize. Only then will the winner be identified,” Anna Šapalova, the Project Manager of VID’s receipt lottery explained.

The results of the lottery will be available on VID and “Latvijas Loto” websites or live on the Superbingo Television program. The winner will also be notified by phone. The monthly prize will consist of 30,000 euros, whereas, the yearly prize will be 70,000 euros.

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