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Latvian initiative roots for a ban on gambling halls

Niji Narayan

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Latvian initiative roots for a ban on gambling halls
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A new initiative of New Conservative Party’s (JKP) that advocates a ban on gambling halls in Latvia is gaining initiatives.

The initiative specifically demands ban on gambling halls in the whole territory, except for luxury-class hotels. It calls for amendments to the Gambling Law.

The plan published by the new initiative terms the gambling situation in Latvia is critical and amendments should be adopted immediately. However, the plan offers for a five-year transition period.

The initiative provides clear-cut stats: € 99 million were lost by gamblers in the gambling halls, € 7 million in land-based casinos at gaming tables, € 18 million in online casinos.

However, some quarters also warn of the consequences of closing down gambling halls: the ban of land-based gambling could lead to mushrooming online gambling websites, which poses a different set of problems.

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

Ieva Andersone (Sorainen Latvia) will add her insights about the Latvian gambling industry at MARE BALTICUM Gaming Summit 2019

Zoltan Tundik

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The online and land-based gambling industry is well connected in the Baltics and it has been just lately that region has been quoted in several industry media outlets. Especially given the fact that the City Council of Riga, Latvia’s capital, is going to close down all gaming venues in the city, including the downtown and neighborhoods.

A decree had been ordered by Nils Usakovs from the municipality’s Legal Affairs Department and Urban Development Department and the plan is to revoke all gaming venues’ licenses in Riga, except for those given to four- and five-star hotels.

According to the Law on Gambling in Latvia, if the operation of gambling on the particular premises creates a substantial impairment to the interests of the State and the residents of the respective administrative area, the city or the local government council is entitled to terminate the permit to establish a casino, a gambling hall, a bingo hall, a betting or a wagering shop and to operate the respective type of gambling on the particular premises, by means of a reasoned decision.

During the second edition of MARE BALTICUM Gaming Summit, which will take place on the 9th of May at Radisson Blu Royal Astorija Hotel, experts of the industry and regulators will debate the recent actions and will also brief the attending delegates about the regulations in Latvia, Lithuania, Estonia, Sweden, Denmark and the DACH region.

Register here or View the Agenda!

Ieva Andersone, Commercial & Regulatory Practice Group partner at Sorainen Latvia, will join the “Focus on the Latvian and Estonian gambling industry” compliance panel discussion, which is consisted by 2 regulators (Signe Birne – Lotteries and Gambling Supervisory Inspection of the Republic of Latvia, Taivo Põrk – Ministry of Finance, Estonia) and industry representatives from the region.

About Ieva Andersone

Ieva Andersone is a partner at Sorainen, responsible for Commercial & Regulatory practice group in Latvia, including trade regulation, intellectual property & IT law, privacy and data protection, consumer law, competition law, and energy. During her practice, Ieva has made a special focus to clients from Pharmaceutical & Life sciences, and well as Technology & Media sectors, including the gaming industry.

Ieva is a frequent speaker on data protection, privacy, regulatory and compliance matters, and she also regularly provides pro bono assistance for companies in creative industries and for creative personalities.

Make sure you take advantage of this unique opportunity of learning and networking with the gambling industry in the Baltic and Scandinavian region via the MARE BALTICUM Gaming platform which has been launched in 2018 and is committed to bringing together industry shareholders and government officials from the Baltic and Scandinavian region on a yearly base.

Register here or View the Agenda!

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Baltics

Tom Horn strengthens its position in Lithuania with Betsafe.lt

George Miller

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Tom Horn strengthens its position in Lithuania with Betsafe.lt
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Tom Horn Gaming, a Malta-based igaming software supplier, has announced its content is now available to players in Lithuania on Betsafe.lt, one of many brands owned by the leading Swedish online gaming company Betsson Group.

Betsafe.lt belongs among the most trusted online casinos, offering the best-in-class gaming content to players in Lithuania. The operator will gradually gain access to Tom Horn’s award-winning content, including its blockbusters such as Hot Blizzard, 243 Crystal Fruits, and Book of Spells.

Tom Horn Gaming was the first online casino supplier to enter the Lithuanian market. The partnership is in line with the supplier’s long-term strategy to further expand its footprint in the Baltic regulated markets, building on the popularity of its titles among players and trust and recognition it has earned among the operators and regulators in the region.

Ondrej LapidesCEO at Tom Horn Gaming said: ‘This is further evidence that our content is in high demand among players in Lithuania and we’re delighted to have joined forces with such an acclaimed brand like Betsafe.lt. I believe that with this latest partnership we will further grow our presence in the Baltics.’

Kaido UlejevManaging Director Baltics at Betsson Group added: ‘Tom Horn Gaming is a modern-thinking company that has built a reputation for developing beautifully designed games, that are packed full of intriguing features, complex math and mechanics that players love. The company has a well-established presence in Lithuania and we know that our casino offering, featuring Tom Horn games, is strongly positioned among players in the market.’

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Baltics

Viktorija Antanaviciute (TonyBet) joins the speakers’ list at MARE BALTICUM Gaming Summit 2019

Zoltan Tundik

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MARE BALTICUM Gaming Summit is the leading conference of the Baltic and Scandinavian gambling industry and each year gathers the local operators, government officials and software provider for a full day of quality learning and networking.

We are honored to announce that Viktorija Antanaviciute, Managing Director at TonyBet, will join the “Focus on the Latvian and Estonian gambling industry” compliance panel discussion, alongside Signe Birne (Lotteries and Gambling Supervisory Inspection of the Republic of Latvia), Taivo Põrk (Ministry of Finance, Estonia) and Ieva Andersone (Commercial & Regulatory Practice Group partner at Sorainen). The panel will be moderated by the Ambassador of the conference, Andrius Gabnys (Founder at Gabnys Law Firm).

About Viktorija Antanaviciute

Viktorija Antanaviciute is an experienced and passionate C-level executive with marketing, sales and finance experience running successful large scale B2B & B2C projects for leading names in the industry, including PokerStars, 888Holdings, Kindred, GVC, WSOP and many more.

Viktorija, who hails from financial and gaming technology-driven country Lithuania in the Baltics, has started her journey in the Finance department at iBus Media Ltd, owner of Pokernews and introduced best-in-class BI practices, which resulted over 15% of costs savings for the group. Under her supervision, the Sales and Commercial teams increased key clients’ revenue by 65% and signed new deals with 200+ operators. She has also restructured Online Affiliate World Network, increasing operating revenues by 500% in a year.

In 2017 Viktorija moved on to TonyBet as Managing Director, focusing on geographical expansion and brand awareness across the industry, while offering her ongoing support and expertise to both her team, clients and suppliers and fellow women in the industry. She has been nominated as an influential woman in the industry in multiple awards.

Make sure you take advantage of this unique opportunity of learning and networking with the gambling industry in the Baltic and Scandinavian region via the MARE BALTICUM Gaming platform which has been launched in 2018 and is committed to bringing together industry shareholders and government officials from the Baltic and Scandinavian region on a yearly base.

Register here or View the Agenda!

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