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Gambling Revenue in Latvia Increases 15% for Q1 2019

By hawkie_eeg

May 15 2019

Industry News

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Gambling Revenue in Latvia Increases 15% for Q1 2019Reading Time: 1 minute

 

The gambling revenue in Latvia has increased 15.3% year-on-year in the first three months of 2019. The revenue from gambling operations shot up by 15% year-on-year to €77.5m from €67.2m.

Gambling income also rose by 15.9% from €63.5m to €73.6m. Licensed operators grossed €56.4m in revenue from gambling machines. Their first quarter revenue increased by 12.8%. The operators made €50.0m in 2018 during the first three months. Roulette and blackjack, contributed €3.9m to the income posted.

Online casino games contributed €8.8m to the overall online gambling income. The figures are up 39.2% year-on-year. Card tournaments income was recorded €73,000, up 15.8% from the figures posted for the first quarter in 2018.

The hike in revenues for the licensed operators is being attributed to the strong steps taken by the country’s gambling regulator to block illegal and unlicensed gambling websites operating in Latvia.

 


Source: European Gaming Industry News

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