Latvia Casinos Online
When it comes to the sector of online casino Latvia has some of the most favorable conditions in the EU for gambling operators. In the same time many of the best and secure online casinos for Latvia players that operate from offshore jurisdictions are being blocked by local authorities.
In our guide will tell you how to find the best online casino Latvia based gamblers can play at regardless of where it has obtained its license. When looking for a high quality Latvian online casino one should take into account many criteria, all of which are included in the checklist that we will share with you.
In regards to online gambling Latvia has recently adopted quite some significant regulations which we will tell you about below.
Finally, we will delve into the future of Latvia casino sites by analyzing some of the most prominent tendencies in local iGaming sector. Among other things, you will see how likely it is that in the years to come at an online casino in Latvia real money will be replaced with cryptocurrencies.
Best Online Casino accepting players from Latvia
Online Casino Sites in Latvia
While having access to locally licensed gambling websites which offer different types of blackjack, roulette and online slots Latvia based gamblers should nevertheless be attentive when choosing a casino platform to play at.
Betway, Mr.Green and 1xBet are among those web gambling platforms that can be most often found among the top 10 online casinos Latvia based gamblers can play at. There are different ways how one can evaluate a web gambling platform. In any case, in order to find a high quality Latvia casino online gamblers should take into consideration many important criteria which we are going to tell you about below.
When preparing to play Latvia casino games online punters should first check the origin of the gambling licenses. If you see that the license has been issued somewhere in Alderney, Isle of Man or the United Kingdom, then it means that the quality of the casino website under your consideration is being regularly checked by a respectable gambling authority. We certainly recommend our readers from Latvia to try their luck at such gambling platforms. Some of the casino websites that you may come across on the internet can be licensed in Malta, Gibraltar, Kahnawake, Curaçao (Netherlands Antilles) and Latvia itself. Since not all of the gambling platforms in this category are of the highest quality, it is recommended in this case to also check bonus terms and conditions, game portfolio as well as the customer support service. There are some Central American gambling jurisdictions, including Belize, Panama and Costa Rica, which are more eager to sell their licenses than to make sure that the casino services that their websites offer are of the decent quality. We, therefore, do not recommend you to choose casino platforms with such licenses that welcome visitors from Latvia.
When checking the quality of Latvian casinos online punters are also recommended to make sure what does the customer support look like. At a top rated Latvian casino online support is being typically provided 24/7.
Before starting to play at online casino Latvia based gamblers are advised to check what kind of software is being used there. If you see such brands as Microgaming, NetEnt or PlayTech among the software providers, chances are high you are have come across one of top 10 Latvia online casinos. If you prefer to first try out your gambling strategy without having to wager any real money, then Latvian free slots are a perfect option for you. In Latvia best online casino venues offer their customers different types of demo games which one can play free of charge.
Welcome bonuses are among the most attractive promo offerings which you can find at almost all Latvia online casinos. When you are playing at the internet casinos in Latvia bonuses are among those things that make your gambling experience much more enjoyable. However, even at the top rated online casinos Latvia based punters will definitely find some sort of gambling restrictions in bonus terms and conditions. These are especially the wagering requirements that you should pay attention to when looking for a rich bonus at Latvia friendly online casinos, since if they are left unnoticed, all your gambling experience will be indivertibly spoiled. When playing online casino games Latvia based gamblers should carefully read the bonus terms and conditions before taking the final decision as to which promo offering to choose. After checking dozens of Latvia accepted online casinos we have concluded that all the top rated web gambling platforms tend to articulate their bonus terms and conditions in plain words and do not make it difficult to find them on their website. It is also worth noting that the best paying online casino Latvia punters can play at is the one whose bonuses go with the lowest wagering requirements.
While searching for the best Latvian casino online punters should make sure that euro is being accepted for making gambling deposits. Of course, there are plenty of EUR online casino platforms on internet so that finding one is not a problem. When looking for the best casino online Latvia based punters need to make it sure what payment services are accepted for making gambling transactions. All top Latvian online casinos use different types of credit cards, mobile wallets, prepaid cards, e-payment gateways and cryptocurrencies. For instance, if they want to make reliable money transfers at the best Latvia casinos online punters can use Visa or MasterCard. Besides that, 2CheckOut, Adyen and QuickPay are among some efficient e-wallets that are available to the players of an online casino in Latvia.
Finally, when playing at the best online casino for Latvians you can use bitcoin, ether or some other type of cryptocurrencies. Latvia is currently experiencing a boom of blockchain technologies. Local government has officially recognized cryptos as a viable means of payment in order to tax them. As a result, given the fact that with the help of cryptocurrencies you can make instantaneous gambling transactions without having to pay much fees, we will definitely see cryptos more often used at the new Latvia online casinos.
Online Gambling Laws and Regulations in Latvia
After you have learned how to find the best online gambling sites Latvia based gamblers can play at it is time to ponder about a very important question. In some countries of the world it is strictly prohibited to play the games of chance on the internet. It is therefore quite reasonable to ask oneself what is the legal framework for Latvian online casinos? In other words, in this section we will provide an answer to the question whether is online gambling allowed in Latvia and what legal consequences one can except when playing at EUR casino platforms in this country?
The online gambling law in Latvia was adopted back in 2003. As a result, when it comes to online gambling Latvia legislation makes it completely legal to play at web casinos. However, in 2011 some significant amendments have been introduced to Latvian online gambling laws. The minimum online gambling age Latvia based gamblers can start playing from was raised from 18 to 21. Besides that, in accordance with the amended online gambling laws Latvia government has started to block the unlicensed casino websites.
In order to obtain local online gambling license Latvia oriented web casinos, need to pay €427k every year. Although the license fee is high, local gambling taxes are as low as 10% which results in quite an impressive number of locally licensed legal online casinos Latvia based gamblers can play at. At the moment of this writing, there are more than 160 legitimate online casinos Latvia players can play at. As you can see, if they want safe online gambling Latvia punters definitely have a wide range of casino websites to choose from.
Besides that, there are also many reputable online casinos Latvia based gamblers can play at which operate without the local license. When playing at such an online casino for real money Latvia punters do no risk to be prosecuted by the police. In regards to playing at an unlicensed online casino Latvia legal regulations do not foresee any fines or jail sentences for gamblers. Although having a limited access to online gambling industry Latvia players should nevertheless be attentive when choosing a suitable gambling platform.
In Latvia online gambling is regulated by the Lotteries and Gambling Supervisory Inspection. Although blocking the unlicensed websites is among the responsibilities of the local online gambling authority Latvia based punters can quite easily circumvent all the hurdles, for instance, by using a proxy server. To sum up, in regards to online gambling Latvia legal bodies have long ago adopted some favorable laws. If they want to play at a safe online casino Latvia based gamblers should either choose a locally licensed gambling platform or look for a high quality offshore based website. In any case, when gambling online Latvia punters should not worry that they are breaking any local laws.
History of Gambling in Latvia
Before 1990 all the games of chance except for lottery were banned in Latvia since this country was a part of the Soviet Union. After Latvia has obtained its independence the first gambling law was adopted in 1993 allowing the operations of land based casinos. It must be noted that in Latvia land based gambling market is dominated by big Eastern European casino companies such as Olympic Entertainment and Admiral. Currently there are 10 full-fledged gambling houses in the capital city of Riga and 5 more EUR casinos in different location across the country. The biggest gambling house in Latvia is the Olympic Voodoo Casino in Riga which offers its visitors 16 gambling tables and 95 slot machines. There are also dozens if not hundreds of small gambling facilities in Latvia which offer only slot machines and no table games.
In 2017 the decision was adopted by the Riga City Council to ban any gambling activities in the historical part of the capital. Only gambling facilities which operate in the four- and five-star hotels are allowed to continue their operations. This decision is regarded by many experts to significantly influence the further development of Latvian gambling market.
As we have already mentioned, the first Latvia approved online casinos started to offer their services back in 2000-ties. Thanks to progressive legislation local internet casino sector shows stable growth. Favorable tax climate has also attracted some of the iGaming giants to open their branches in Latvia. For instance, in 2017 Playtech has launched in Riga the biggest live dealer casino online facilities in the world.
In the same time, in 2018 local government has introduced an annual €400k tax for Latvia based online casinos which offer their visitors live dealer games instead of €11k fee per gambling table. As we have already said in the previous section, there are many online casinos accepting Latvia players which do not possess local license but instead are operating from the offshore based gambling jurisdictions. Some of the top online casinos for Latvian players are actually offering their services in this way. While not having to pay any substantial taxes, offshore casino websites can offer their users richer bonuses with lower wagering requirements as well as a wider range of gambling options. As a result, while looking for the best online casinos for Latvians one should take into account many criteria which are used in evaluating web gambling platforms.
Predictions About the Future of Online Gambling in Latvia
Given the favorable legislative framework and attractive tax climate, Latvia online casino sites are likely to have a bright future. In this section we are going to tell you about some of the the fascinating gambling options new online casinos for Latvia players are going to offer their visitors in the years to come.
For many web gamblers who prefer to play at Latvia online casinos 2018 was the year when cryptocurrencies have become a more popular way for making deposits and withdrawals. There are many startups in Latvia which are engaged in the blockchain sector. Local government has even started to issue official licenses for those entrepreneurs who want to launch their own cryptocurrencies. As a result, in local sector of online casino EUR is quite likely to be used on par with bitcoin, ether and other popular cryptocurrencies in the future.
Some of the best online casinos for Latvian players offer their customers live dealer options. As we have already mentioned above, one of the biggest live dealer casino studios in the world is located in Riga. Consequently, the popularity of live dealer games will only increase in Latvia with more game variations becoming available to be played with real croupiers. Besides that, with further increase in the quality of internet connection one will be able to seamlessly gamble with live dealers at one’s smartphone or tablet without having to experience frequent interruptions.
In Latvia online casino reviews one can often read about the tremendous potential that virtual reality can bring with itself into the iGaming sector. Many of the top 10 Latvian online casinos are already preparing themselves to introduce this innovative technology after it will become more mature. We therefore recommend our readers from Latvia to try out the immersive experience of VR games whenever they come across them among the casino offers.
Mobile gambling is another big trend right now in Latvia. While more web gamblers prefer to access internet with their smartphones it is natural that they are getting attracted by the opportunity to play whenever and wherever one wants at top rated mobile phone casinos. As a result, it can be confidently predicted that there will be launched even more mobile slots Latvia based gamblers can play in the future.