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  1. #1
    The Buzz's Avatar
    The Buzz is offline GPWA Gossip Hound
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    Default Latvia sees increase in Q1 gambling revenues

    The Lotteries and Gambling Supervisory Inspection of Latvia released new figures this week that showed state-licensed gambling operators experience an increase in revenue of €73.6 million in Q1 2019, a 15.9% improvement over the same period last year. The number, however, was well below the €81.5 million the market reported in Q4 2018.

    Latvia’s nine licensed online gambling operators generated a combined €12.4 million in Q1, up 35.4% year-on-year. Last year, the online sector generated €41.1 million, so the 2019 Q1 figure puts it on track to surpass 2018. Revenues for online casino games increased nearly 40% to €8.8 million, while sports betting was up 27.1% to nearly €3.5 million and poker rose 15.8% to €73,000.

    On the land-based side, electronic gaming machines dominated, with revenue up 12.6% to €56.3 million. Sports betting revenue jumped 55.2% and bingo revenue improved by nearly 45%.

    Read the report here: https://www.iaui.gov.lv/images/ENG/S...19_I_quart.pdf

  2. #2
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    It’s good to see that our industry is actually improving and growing financially stronger.

  3. #3
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    A 15% improvement in a regulated industry? Good for Latvia!
    South African Online CasinoHEX - Online Gambling Guide SA

  4. #4
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    €73.6 million in Q1 2019 for country that have population 1,95 million people. I think it's a great result ! Good job, Latvia )

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