Things should you know about gambling laws and the gambling scene in Latvia?
The Gambling and Lotteries Law of 2005 created a framework for all gambling operators in Latvia. Land-based gambling was legal even before 1998. Online gambling is legal in the country since 2006. The majority of gambling venues in Riga are located in casinos. The city's Olympic Voodoo casino is the biggest in Latvian gambling. It hosted the Russian Poker Tour in 2010 and 2011. RIGA also hosted Eureka Poker a few years earlier.
Full-fledged gambling license enables an operator to provide services for land-based and online casinos.
There are 13 operators with interactive gambling licenses in Latvia. There is also a separate license for live dealer studios. Latvian Government has licensed some European internet gaming sites to operate within the country. Special permits can be obtained for operating gambling activities related to lotteries, gaming machines, casinos, and sportsbooks. The cost of obtaining a Latvaian license to run a casino is relatively low.
Latvian gambling laws do not differentiate between the games of chance and skill and games that are pure luck. Online poker is included in the interactive gambling category. Other online casino games popular in Latvia include blackjack, baccarat, progressive jackpot slots, and live dealer games. Betting through telephone and electronic communication is also accepted.
For a pleasant gambling experience, follow these tips: Pick a trusted and licensed operator. Read reviews by the real players. Stick to a bankroll that you can afford to spend on entertainment and the games of chance. Study the rules of the game you are playing and adjust your bets accordingly. Play on the casinos with a high RTP (Return to Player) to maximize your winning odds. Casino winnings are not taxed if the amount of winings during the taxation year does not exceed €3,000.