Connect with us
SIS

Baltics

Latvian regulator, Mrs. Signe Birne, to join the speaker lineup at MARE BALTICUM Gaming Summit 2019 in Vilnius

Zoltan Tundik

Published

on

Reading Time: 2 minutes

 

It has been reported by industry media that Latvia’s parliament has decided to ban gambling halls throughout the country. The representatives of the political parties have stated that amendments are needed and that casinos can only be located in luxury hotels.

The representative of the Ministry of Finance, Yana Salminia, stated that the streamlining of the gambling business is already underway. Politicians and other interested parties can submit their proposals, the draft consideration was already completed.

Meanwhile, the country’s gambling revenue increased by 11.7 per cent compared with 2017 and amounted to 277.701 million euros, according to the Lotteries and Gambling Supervisory Inspection of the Republic of Latvia.

The total turnover of gambling operators in 2018 grew by 10.5 per cent to 293.467 million euros and the total estimated profit of these active 16 companies, amounts to 80.998 million euros in 2018, which is 18.5 per cent more than in 2017.

During the second edition of MARE BALTICUM Gaming Summit – The Baltic and Scandinavian Gaming Summit and Awards, which will take place in Vilnius on the 9th of May, Mrs. Signe Birne, Director of Lotteries and Gambling Supervisory Inspection of the Republic of Latvia, will join the “Focus on the Latvian and Estonian gambling industry” compliance panel discussion.

You can find more details about the Agenda here or you can register here!

About Signe Birne

Since 1993, Mrs.Birne has worked as Director of Securities department and Financial Market Policy department of the Ministry of Finance of the Republic of Latvia.

With the establishing of Lotteries and Gambling Supervisory Inspection in 1998, Mrs.Birne starts her career as Director of Inspection.

Mrs.Birne has been graduated from the University of Latvia, Finance and trade faculty – Master’s Degree in Economics and in 2001 she earned the Master’s degree in Social science.

Signe Birne has an in-depth understanding of organizational practice and theory as well as experience within the regulation of the Latvian gaming market – land-based and online, illegal online gambling and payment blocking.

Signe Birne is very active with her country point of view on developments of gaming business all around Europe since 2001 till 2009 she held a position as a member of the Executive Board of GREF, Gaming Regulators European Forum, and 2009 – 2012 she was a Chairman of the Executive Board of GREF.

Since 2012 Mrs.Birne participated as the Latvian representative in the European Commission’s Expert Group on Gambling Services, which provides the Commission with advice and expertise in relation to the preparation of policy initiatives and facilitates the exchange of regulatory experience and good practices between EU and the EEA Member States.

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!

Browse the official event website here: www.marebalticumgaming.com

Advertisement Kasynos.Online

Baltics

Latvia Parliament Approves Bill to Ban Alimony Debtors from Gambling

Niji Narayan

Published

on

Latvia Parliament Approves Bill to Ban Alimony Debtors from Gambling
Reading Time: < 1 minute

 

The Latvian Parliament (Saeima) has approved at the first reading a bill to ban alimony debtors from gambling, and scheduled a second reading for January 20.

The bill would require operators to ensure that those who owe maintenance payments are not permitted to gamble either in person or online. In order to do so, they must check accounts against the national register of maintenance debtors, with the help of the Lotteries and Gambling Inspectorate, which will create an official data display for licensees.

“The restriction is intended to prevent debtors who do not provide maintenance they owe for a child from using funds unreasonably for entertainment and hobbies,” the Saeima said.

The bill was submitted by the government and has already received approval from the Commission for Human Rights and Public Affairs with no objections. If it passes in the second and third reading and is signed into law, the restriction will come into effect on April 1.

Continue Reading

Baltics

Gambling Self-exclusion Increases in Lithuania

Niji Narayan

Published

on

Gambling Self-exclusion Increases in Lithuania
Reading Time: < 1 minute

 

According to the Lithuanian Gambling Supervisory Authority, the number of Lithuanians who self-excluded from gambling in 2020 reached 17,348. This shows an increase from the 2019 figure.

There was a rise in the number of women and the number of people aged 31 and 40 years old who self-excluded. The proportion of women who self-excluded increased to 10%, up from 7% last year.

On the other hand, the number of younger people aged 18 to 20 who self-excluded fell from 9% to 6%.

The Supervisory Authority said: “This small change is a possible sign that younger people are starting to look at their gambling more responsibly and that an aid measure such as a limitation on gambling is not necessary for them.”

The portion from the 21-30 age group who self-excluded also declined this year, from 52% to 48%, while self-exclusion among those aged 31 to 40 increased from 36% to 42%. The proportion of self-excluded gamblers aged 41-50 remained at 2% and those aged 51 or older at 4%.

Continue Reading

Baltics

Entain Puts Forward €276.4M Offer to Acquire Enlabs

Niji Narayan

Published

on

Entain Puts Forward €276.4M Offer to Acquire Enlabs
Reading Time: < 1 minute

 

Online gambling operator Entain has put forward an offer worth €276.4m to acquire Enlabs.

The cash offer, which would see Entain pay SEK40 for each Enlabs share, has been recommended by the Enlabs board, while shareholders holding 42.2% of the total Enlabs shares have also undertaken to accept the offer.

Entain said the acquisition of Enlabs is directly aligned with its growth strategy of entering locally regulated markets where it does not yet have a presence.

Should the acquisition go ahead, Entain said that it would retain the services of current Enlabs board chairman Niklas Braathen, in order to help to develop the group’s operations in the region and its expansion into new markets.

Subject to regulatory approvals and Enlabs shareholders accepting the offer, the transaction is expected to complete before the end of the first quarter.

“The acquisition of Enlabs is perfectly aligned with our strategy of expanding across new regulated international markets. We are hugely excited by the growth opportunities it presents both in its existing markets and through new market opportunities,” Shay Segev, chief executive of Entain, said.

“Enlabs is already a strong and rapidly growing business in its own right, but we now have a fantastic opportunity to turbocharge its growth by leveraging the power of our unparalleled proprietary technology, scale, product and marketing expertise,” Shay Segev added.

Enlabs’ Braathen said: “When Entain’s interest to acquire Enlabs emerged, we instantly saw the strategic logic.

“Entain’s experience and track record in many different geographic markets, together with its market-leading proprietary technology and world-class marketing skills are key attractions for Enlabs as we look to grow in the Baltics and beyond.”

Continue Reading
Advertisement
NSoft
Advertisement
EvoPlay Entertainment

Subscribe to our News via Email

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

Trending

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.