Though 2024 has witnessed a tightening of regulatory frameworks and competition across Eastern Europe’s gambling markets, the dynamics of change remain distinct from Western counterparts. The view is held by Adam Lamentowicz: General Manager of Superbet Romania, who tells SBC Summit Lisbon audiences that western ‘Copy/Paste’ strategies have held back growth and engagement with EE consumers. As EE regulators …
Read More »Tag Archives: Latvia
Latvia strikes down on Riga gambling venue closures
The Constitutional Court of Latvia has ruled that commercial restrictions imposed by the municipality of Riga on licensed gambling venues are unlawful. Latvia’s judiciary was ordered to intervene and review the plans of the Council of Riga to shut down 139 gambling venues operating in the capital city. The order was authorised by the city’s council, which approved a decree …
Read More »Armenia nets approval for cash ban on online gambling transactions
The government of Armenia is set to implement a ban on cash payment options for online betting and gaming operators. Last week, the National Assembly of Armenia urged all relevant agencies to adopt new rules on the management of gaming accounts, aimed at ‘strengthening the fight against gambling addiction’. In May 2022 the Assembly approved the new restrictions by 67 …
Read More »Paf acquires 888 Latvian properties for €28m
888 Holdings has sold its Latvian gaming properties of MrGreen.LV and WilliamHill.LV to Paf, as the LSE gambling group reduces the size of its European portfolio. The gambling company of the Finnish Åland Islands, Paf announced that it had reached terms to acquire 888 Holding’s Latvian operations and associated licenses. The transaction will see Paf become Latvia’s third-biggest online gambling …
Read More »GiG takes Latvian sportsbook live with three operators
Gaming Innovation Group (GiG) has taken another step in its plans for European growth, launching its sportsbook platform in Latvia with three betting companies. William Hill, Mr Green and Fenibet, the former two part of 888 Holdings’ portfolio, have become the first customers of the GiG Sport platform – developed by GiG after acquiring Sportnco back in April 2022 – …
Read More »TonyBet to support the Latvian men’s handball team
TonyBet has announced a partnership with the Latvian Handball Federation (LHF) in support of the men’s handball team. The operator secures the deal as the sport undergoes changes which affect the recruitment of new coaches, the involvement of young players and the development of youth handball, and new collaborations and the development of financial support. “We are proud to partner …
Read More »TonyBet declares full Baltic assault entering Latvia’s sportsbook market
TonyBet continues to expand its online presence within Baltic markets, announcing its entry into Latvia following the launch of its tonybet.lv platform. Present in the markets of Estonia and Lithuania, TonyBet completes its Baltic expansion by launching in Latvia, in which it revealed that it had invested €1.5m to begin operations. The online gambling licence was approved by the Lotteries …
Read More »Entain weighs up $1bn buyout of OEG to gain total Baltic dominance
Speculation mounts on the next M&A move of Entain Plc following weekend reports that the FTSE100 gambling group is preparing a $1 billion (€890m) takeover of Olympic Entertainment Group (OEG). Entain’s new target was disclosed by Bloomberg, citing “sources who wish not to be identified, as the information is private”. Yet, neither Entain nor OEG have issued statements acknowledging any …
Read More »Parimatch aims for highest CIS coverage with new La Liga partnership
Parimatch has secured terms with La Liga to become the official ‘CIS region betting partner’ of Spain’s highest tier of professional football. Agreeing terms on a two-year partnership, Parimatch confirmed that its brand will be displayed (where permitted) across 15 CIS state broadcast of La Liga matchdays. Parimatch’s logo will be showcased to CIS region audiences through the use of 3D …
Read More »Latvian Parliament to introduce higher gambling taxes for land-based operators
The Latvian parliament has given the green light to make changes to its gambling tax structure, which will come into force from January 1 2020. The new changes will primarily effect land-based operators, with online operators and affiliates due to be exempt from the ruling. As part of these shifts, slot machine operation costs will rise from a flat fee …
Read More »