Connect with us
SIS

Baltics

Riga to close gaming venues in city and neighborhoods

Niji Narayan

Published

on

Riga to close gaming venues in city and neighborhoods
Photo Source: bruxx.be
Reading Time: < 1 minute

 

The City Council of Riga, Latvia’s capital, is going to close down all gaming venues in the city, including the downtown and neighborhoods.

Riga Mayor, Nils Usakovs has asked the municipality’s Legal Affairs Department and Urban Development Department to prepare a decree that will revoke all gaming venues’ licenses in Riga, except for those given to four- and five-star hotels.

According to the Law on Gambling, 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.

“This is one task that we have to accomplish. We made the first step in 2017 when we banned gaming venues in the historical center of the city. At the same time, it is clear that the problem of gambling is the worst in the neighborhoods of Riga. That is why the municipality has to do everything in its power to finally make Riga a city completely free of gambling,” said Usakovs.

To stay up to date with the latest changes in the Baltic region make sure you register here for the second edition of the Mare Balticum Gaming Summit. The conference will take place on the 9th of May at Radisson Blu Royal Astorija Hotel in Vilnius (Lithuania).

Baltics

Lithuanian Lottery Turnover Increases During First Nine Months of 2019

Niji Narayan

Published

on

Lithuanian Lottery Turnover Increases During First Nine Months of 2019
Reading Time: < 1 minute

 

The Lithuania Gambling Supervisory Authority has reported that the turnover from lottery gaming during the nine months to September 30, 2019 increased by 10.1% year-on-year to €82.3m ($91.2m).

Operators that run lottery games in Lithuania sold a total of 85.2m tickets in the three-quarter period, up 14.0% on 74.7m in the corresponding period last year.

Lottery in Lithuania is spread across the categories of digital, instant, classic and sports. Instant was the most popular form of lottery in the period, accounting for 59.7% of ticket sales.

In terms of online gaming, consumers spent $5.9m on internet lottery during the nine months, representing 7% of total sales. Players won a total of €4.1m via online lottery games.

Total player winnings for the period amounted to €46.3m, up 14.7% on last year, which in turn meant operators turned a collective gross profit of €35.9m, an increase of 4.6% on €34.3m in the first nine months of 2018.

The Authority also revealed that licensed operators paid a total of €13.9m in tax for lottery gaming, while such companies also donated a collective €6.6m to charity and support projects.

Continue Reading

Baltics

OEG to Shut Nine Betting Shops and Two Casino Arcades in Lithuania

Niji Narayan

Published

on

OEG to Shut Nine Betting Shops and Two Casino Arcades in Lithuania
Reading Time: < 1 minute

 

The Olympic Entertainment Group (OEG) has confirmed that it will reduce its Lithuanian portfolio by closing down nine betting shops and two casino arcades.

The company’s management has decided to lighten its presence in Lithuania after tax hikes on Lithuanian retail verticals were announced earlier this year. The OEG finds it untenable to continue operations at the specific betting shops.

The Lithuanian government has passed an amendment that would effectively increase the tax on bingo, arcade and betting to 18% from 15%. All forms of online gambling activities will have to pay a fixed 13% revenue tax.

“Initiatives to aggressively change the tax environment not only create uncertainty but have also forced us to rethink and change our business model. We will move the activity from the closed facilities to other operating units, such as betting shops, casinos or the remote gambling platform. This is how we respond to changing market conditions so that we can ensure the sustainability of our business through legal action,” Saulius Petravičius, OEG MD for Lithuania, said.

Continue Reading

Baltics

Lithuania Gambling Supervisory Authority to Apply for New Enforcement Powers

Niji Narayan

Published

on

Lithuania Gambling Supervisory Authority to Apply for New Enforcement Powers
Reading Time: < 1 minute

 

The Lithuania Gambling Supervisory Authority is going to apply to the Vilnius Regional Administrative Court to grant it the power to block access and payments to unlicensed gambling sites.

If the regulator be granted the powers, it will be able to issue orders to the internet service providers (ISPs) to block unlicensed sites and force payment processors to cease all transactions with these businesses.

This would bring the Authority in line with the Lithuanian Radio and Television Commission (LRTK), which can already order ISPs to prevent citizens from accessing illegal content.

The Law on Gambling of the Republic of Lithuania already allows the Authority to take measures against illegal operators, through the creation of its online gaming blacklist. However, to have access to these sites blocked, the regulator currently has to have the blocking order approved by the Vilnius court.

Continue Reading
Advertisement
NSoft

Global Gaming Industry Newsletter – Weekly Digest (sent every Wednesday)

Please select all the ways you would like to hear from European Gaming Media and Events:

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here. Read more about European Gaming Media and Event's Privacy Policy and Terms of Service.

Subscribe to our News via Email

Enter your email address to subscribe to our news and receive notifications of new posts by email.

Latest by author

Trending

European Gaming Media and Events is a leading media and boutique event organizer in the European Union with a monthly reach of +50,000 readers. The official company (PROSHIRT SRL), has been listed for 4 years in a row among the top 3 Advertising and market research agencies in the local Top Business Romania Microcompanies based on the Financial Reports.

Contact us: [email protected]

Copyright © 2015 - 2019 European Gaming Media and Events. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania

Notice for AdBlock users

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.