Tag Archives: Latvia

Armenia nets approval for cash ban on online gambling transactions 

SBC News 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

SBC News 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

GiG takes Lativan 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

SBC News 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 

SBC News 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 

SBC News 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

SBC News 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

SBC News 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 »

Altenar: The flexibility to match customer requirements and meet operator challenges for specific markets

Altenar - 14921102 - image of a vector world map against a colorful blue sky background.

Altenar is a sportsbook software and services provider, who continued a pattern of punching above its weight in 2018 by posting ‘doubled’ revenues for the third year in a row. The company powered a successful 12-month period that saw Wplay.co – the first approved licensee for the regulated market in South America – grow to become one of the early …

Read More »