Latvia approves amendments to gambling legislation
The Parliament has approved a series of amendments to the local gambling legislation.
Latvia.- Latvia continues with its intentions to change gambling regulations, this time by approving amendments to the national legislation on gambling. The Parliament approved the rules that prevent local players from gambling on foreign sites with no licences.
The new regulations help the country regulate how players bet in Latvia. The amendments establish a new ban on gambling on international online gambling sites that operate in Latvia without a proper licence.
Local players that use unlicensed gambling casinos will be subject to a €350 fine per incident. Those who avoid taxes for winnings can also be fined, the Parliament established. That fine can be up to 23% for any amount of winnings over €3,000. Furthermore, there is a €20k penalty for operators that fail to report illegal online gambling cases.
The local watchdog, Lotteries and Gambling Supervisory Inspection of the Republic of Latvia (IAUI) has already closed illegal gambling sites and in recent months, and blacklisted more. However, media reports claim that internet providers only blocked a third of domains from the blacklist.
The black list included sites: playmillion.com, redkings.com, eucasino.com, vegaswinner.com, lunacasino.com, sunnyplayer.com, platincasino.com, exclusivecasino.com, slotsmagic.com, drueckglueck.com, queenvegas.com, ahtigames.com, cozino.com, wildslots.com, karamba.com, lanadas.com, atlanticspins.com, goprocasino.com, regentcasino.com, spinson.com, spinpalacesport.com.
