Everything One Needs to Know About Online Casino and Betting in Latvia 695w6a

This small country placed around the shore of the Baltic Sea is relatively new in the world of casinos, especially online casinos. It’s because it gained its independence from the Soviet Union in 1991. Thus, this article brings everything one needs to know about online casinos and online betting in Latvia.

History of Online Casino and Betting in Latvia 3u3n2c

Latvian people got the opportunity to play at an online casino Latvia in 2003. In other words, online casinos became officially legal in 2003, but not until 2007 were all regulations enforced regarding online casinos.

Things were different for land-based casinos. Even though it’s a young county, the first land-based casinos were opened in 1991. Since there was no government at that time, the grey market of casinos flourished. Because Latvia lacked a government, there was no regulator for casinos.

However, when the government was established, many casinos left Latvia because of the high taxes that the government imposed on the land-based casinos. The situation improved in 1998 when the Latvian government founded the Lotteries and Gambling Supervisory Inspection body. This body was also in charge of providing licenses to casino providers and inspecting the whole casino industry in Latvia.

Regulation of Online Casinos in Latvia 2s4015

Laws and regulation regarding land-based and online casinos and betting in Latvia depends mostly by the LGSI. As mentioned, the Lotteries and Gambling Supervisory Inspection body is in charge of inspecting the casino industry in Latvia. The Inspectorate is under the supervision of the Ministry of Finance and the Cabinet, which is a usual thing when it comes to casino regulations.

It also means that any casino provider, who wants to get a casino license in Latvia, must submit all required documents to the Inspectorate mentioned above. But there’s a catch. The casino provider must be ed in Latvia and possess at least €1.4 million. That’s not all. Most stakeholders of that company must be Latvians, i.e., to be precise, 51% of stakeholders must have Latvian citizenship.

However, this rule isn’t so strict for investors of the European Union, the European Economic Area, and other organizations mentioned in the Latvian Gambling and Lottery Laws in 2006.

What Do Online Casinos in Latvia Offer for Casino Players? 2w6c31

Even though online casinos are still young in Latvia, they offer the same excitement and prizes as casinos across Europe and more. In other words, casino providers offer a plentiful number of casino games, versatile bonuses, various payment methods, great custom service, and availability to play on various mobile devices.

The Most Popular Games in Latvian Online Casinos 1h2g3u

The number of the most popular games in Latvian Online Casinos is considerable. One can say that all games are the most popular. Well, to sum up, Latvian casino players like to play:

• online sports betting
• online scratch cards
• roulette
• poker
• blackjack
• craps
• video slots
• progressive jackpot

Wide Range of Bonuses in Online Casino Latvia 6j56d

Latvian players enjoy all types of bonuses generally available in other worldwide online casinos. There are welcome bonuses for new players, as well as free spins bonuses for regular players. Also, there are no deposit bonuses, a new type of bonus available at online casinos. Additionally, regular players can also enjoy VIP treatments in most casinos.

Various Payment Methods in Online Casinos in Latvia 3c423

There are various payment methods available in online casinos in Latvia. Online casinos do everything to be at the service of their players. As it’s usually the case, players are advised to check which payment methods work for depositing and which for withdrawing and to check the requirements regarding these payment methods.

If playing in online casinos in Latvia, players can pay with the following:

• bank transfer
• Mastercard
• Visa
• PayPal
• Skrill
• Neteller
• ecoPayz

Online Betting in Latvia 3a2x40

Besides playing various casino games, online betting in Latvia is also popular. It doesn’t surprise us that it's as popular as casino games because they both were legalized at the same time.

This also means that online betting adheres to the same laws and regulations as gambling and lottery games. Also, Latvian bettors can be sure that the Inspectorate regularly updates the list of forbidden bookmakers.

Wide Range of Options for Online Betting in Latvia 4a575z

Offers by bookmakers at online betting sites in Latvia don't lack various splendid offers. There are various types of bets for players for a wide range of sports. Many online betting sites offer live streaming and live betting, creating a more realistic experience.

Always Look for Legitimate Casinos and Betting Sites b2m5n

There’s never enough warning for players against all the possible frauds in this world of entertainment. Only after being 100% sure that an online casino or a bookmaker is safe to play should one look at bonuses, games, and other relevant things.