The Lotteries and Gambling Supervisory Inspection of Latvia has reported that the gambling revenues in the regulated Latvian market increased 14.7% year-on-year to €154.5m (£142.0m/$172.1m) in H1 2019.

The revenues were up from 134.6 million and income from gambling climbed about 15.2% to €111.5 million. The main sources of income were the gambling machines.

Interactive gambling income increased 38.8% compared to the year-on-year figures. Online casinos were, of course, the most popular form of gambling. Online activities earned €18.1 million while online betting earned €7.1m, a 35.3% jump.

The national regulator also included in their report an update on illegal online gaming activities during H1 2019 and the steps they were taking to ensure a clampdown on all illegal activities.

Gambling revenue of the regulated Latvian market has increased 14.7% year-on-year to €154.5m (£142.0m/$172.1m) in H1 2019.

Revenue during H1 2019 was up from €134.6m. The income from gambling also increased 15.2% from €99.9m to €111.5m. Gambling machines were the main source of income for licenced operators, generating a collective €111.5m, which is up 11.5% on the same period last year.

The interactive gambling income increased 38.8% year-on-year from €18.2m to €25.4m as more consumers turned to online gaming. Online casino games were the most popular form of iGaming activity during H1, with income up 40.1% to €18.1m.

The online betting income was up 35.3% to €7.1m, while card tournaments income increased 65.9% to €193,482. The income from table games increased 2.6% to €8.1m, while bingo income was up 37.0% to €123,000 in H1 2019.

WAC LATVIA SA is going to serve as WAC’s European IT & DEVELOPMENTS HQ, alongside the head office in Buenos Aires.

The European IT branch will focus on developing of WAC platforms.
Thw WAC team is working on new games and features, following up from the successful launch of the Slot Builders Program at the ICE exhibition earlier this year.

“This move is a huge strategic asset for the Group. We are building a talented and experienced team in Latvia, consisting of people with amazing technical and creative skills. We should be able to see immediate results in our games and our Slot Builder tool, thanks to these new upcoming features. We are excited to share this new range of innovative products with our customers!” Sem Moioli, WAC Group CEO.

About WeAreCasino:
WeAreCasino is a real novelty in the online gaming industry. Young and dynamic company, aiming to become one of the world’s largest online casino gaming provider.
WeAreCasino owns a proprietary Gaming Engine, Remote Gaming Server, mathematic, RNGs and standard integration API, allowing clients to generate their personalized games. This also provides easier feature integration and exceptional quality, whether you’re playing on mobile or desktop. Games, servers and RNGs are certified by external testing houses in different jurisdictions. Website http://www.wearecasino.com/