Top 10 Latvian Online Casino Sites
Hello, our dear reader and welcome to the extensive online encyclopedia of gambling! This time, our ship is docked at the Latvian port, which means that the Latvian casino market is the main topic today. To be exact, we are going to talk about gambling websites that accept Latvian casino players and are available in the Latvian language. Jumping ahead, there are not so many Latvia online casino sites to play at, but they are still pretty popular and important to all players.
If you want to learn more about online gambling in Latvia and find the best betting site that accepts deposits from Latvians and is available in the Latvian language, go on reading this article. You will also find out which depositing and withdrawal options are the most convenient for Latvian casino players and which currencies can be used in Latvia. On top of that, we will answer some of the most frequently asked questions so that you will be aware of all the details related to online gambling in casinos with the Latvian language.
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About Top 10 Latvian Online Casino Sites with a HUGE bonuses!
Gambling Responsibly in Latvia
According to Latvian laws, players under 18 years old are not allowed to participate in any gambling activities. The government imposes the laws strictly and encourages responsible gambling. Yet, if you fear that gambling might be having a negative effect on your life, you can seek help by contacting the Riga Centre for Prevention of Addictions. Alternatively, you can attend any of the meetings organised by Gamblers Anonymous. For more information, you should call +371 29738121. Most online casinos in Latvia also offer the option of Self Exclusion, which can help you control your gambling habits.
History of Gambling in Latvia
As a part of the former Soviet Union, Latvia does not have a particularly long gambling history. The country began developing its iGaming industry back in 1991 when it restored its independence from the USSR. The first land-based casino in Latvia opened in the summer of 1991. Due to the unregulated gambling market, the number of independent lotteries also raised significantly. The situation eventually changed in 1998 when The Lotteries and Gambling Supervision Inspection introduced its first gambling act.
Due to the rise of gambling halls in the early 2000s, the Latvian Parliament first considered changing the gambling laws in 2003 and make them more restricted. The new amendments suggested a rise of tax on slot machines and a limited number of slot machines that businesses can have. Even though the law did not pass, it led to the closure of many gambling venues as their owners feared the negative effect the proposed amendments could have on their businesses.
When it comes to online gambling, the industry marked significant progress when Latvia passed its official Gambling and Lotteries Law in 2006. The law established the rules for playing casino games and the conditions for the issuing of licences.
For a country of its size, Latvia offers a long list of land-based gambling venues for all interested visitors and citizens. Players nowadays have the option to choose among plenty of small casinos and impressive resorts. Looking for a comfy hotel and elegant casino? We recommend you Royal Casino Spa & Resort Hotel in Riga, Latvia.
ONLINE GAMBLING LAWS IN LATVIA
Despite the fact that we are living in a modern society where gambling is considered to be a normal thing, there are still many countries, including European countries, which proclaim offline and online gambling to be illegal. Luckily, Latvia is not one of those. Until 1990, almost all the gambling activities were prohibited in Latvia since it was a part of the Soviet Union. During 1990-1993, gambling was in the โgreyโ area, as there werenโt any laws that determined its legal status. In 1993, the gambling law was adopted in Latvia, and it made all the gambling forms, including Latvia internet gambling, legal.
As of now, there are more than 15 huge land-based casinos and several dozen small gambling facilities located across the country. As for legal online gambling in Latvia, this country is considered to be one of the most favorable territories for both, casino operators and regular players. First of all, the local gambling taxes which should be paid by the casino operators are very low, especially when compared with the gambling taxes in other European countries. In order to hold a Latvian license, the casino should pay an annual fee of around $427,000 and only 10% of its revenue. Thatโs actually why there are so many legit online gambling sites in Latvia nowadays.
While being open to all casino operators who wish to offer their services to Latvian players, the government of Latvia faced with another problem. More and more unauthorized online gambling operators are entering the Latvia gambling market. According to the statistics, the best Latvia gambling sites that are licensed by the foreign gambling commissions occupy almost two-thirds of the whole market. These sites do not pay any taxes or annual fees. Thus, they can offer better bonuses and promotions for Latvian punters, which gives them a huge advantage over the casinos that are licensed in Latvia. Of course, the government can do nothing about the international gambling portals, thatโs why theyโve decided to make some changes in the laws related to internet gambling in Latvia. According to the latest amendments, financial institutions and internet service providers should provide the government with the names of those persons who gamble at any of the foreign gambling sites. Such players will be fined 0 per each incident.
All in all, players who want to start gambling online in Latvia should be very careful while selecting an online casino. It is likely that the Latvian government will keep imposing sanctions on gamblers who are playing in the foreign online casinos. Thatโs why youโd better check out our list of legal Lavia casinos and pick one of them.
Online Casino Laws in Latvia
According to the Gambling and Lotteries Law, operators can apply for a license under specific requirements by the Lotteries and Gambling Supervision Inspections of Latvia
There are a few licensed operators already, though gamblers still seek alternatives within the international market, as they offer more games, as well as better online casino bonuses and online casino promotions. And despite the fact that the authorities actively block ISPs of gambling websites, there are still ways through which they can access offshore online casino sites.
Online Casino Payment Methods in Latvia
There are several payment methods available when depositing and withdrawing winnings. Of course, every money transaction must be fully transparent so that operators can keep running safe platforms. Accordingly, the credit and debit cards of VISA and MasterCard are usually accepted, but there are also alternatives that are as efficient. These include Skrill, Neteller, PayPal, PaySafeCard or Luminor. More information is available on the online casino reviews directory.
Online Casino Sites Accepting EUR
Gambling is a very popular activity in Latvia. And, despite the small population, the licensing system has allowed the establishment of a strong industry. As a result, gamblers can play in several online casino sites accepting EUR.
- 1 Top 10 Latvian Online Casino Sites with a FRESH bonuses!
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- 1.1 About Top 10 Latvian Online Casino Sites with a HUGE bonuses!
- 2 Gambling Responsibly in Latvia
- 3 History of Gambling in Latvia
- 4 Famous Resorts
- 5 ONLINE GAMBLING LAWS IN LATVIA
- 6 Online Casino Laws in Latvia
- 7 Online Casino Sites Accepting EUR