Latvia Gaming Revenues Up 15% in First Quarter

This week Latvia's Lotteries and Gambling Supervisory Inspection Bureau reported the country's first quarter 2019 gaming financial's, revealing that revenues were up 15% when compared to the year prior.

Key financial indicators for the quarter ending March 31st, 2019 were:

  • Revenues of €77.5 million
  • Gambling income up 15.9% to €73.6 million
  • Gaming machine revenues were up 12.6% to €56.4 million
  • Gaming tables brought in €3.9 million, up 6.4% from last year
  • Bingo up 44.8% to €73,000
  • Betting points up 55.2% to €848,000
  • Online betting up 35.4% to €12.4 million

The country also revealed that illegal online sites have been cracked down on, with 41 domains blocked in the first quarter along with 68 IP addresses.

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bgsharpe
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13 May 2019 - 4:55pm
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The country also revealed that illegal online sites have been cracked down on, with 41 domains blocked in the first quarter along with 68 IP addresses.

That could be the vital reason why all the numbers looks so impressive in the first quarter of 2019 for the Latvian gambling revenues as a whole..or at least one of the important circumstances anyway.

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