Connect with us
MARE BALTICUM Gaming & TECH Summit 2024
No campaign with ID: 4 on the server! Please check if the domain is not blocked on the server.

News

Offline vs. Online Betting in Latvia: A Comparative Analysis

Published

on

If you're a betting enthusiast in Latvia, you have two options: offline or online betting. Both have their pros and cons, and choosing the right one can make a big difference in your overall experience.

If you’re a betting enthusiast in Latvia, you have two options: offline or online betting. Both have their pros and cons, and choosing the right one can make a big difference in your overall experience. Offline betting is the traditional way of placing bets in a betting shop, while online betting is done remotely, via the internet, using a computer, tablet or phone. In this article, we’ll compare offline vs. online betting in Latvia, so you can make an informed decision.

When it comes to offline betting, you get to experience the thrill of placing bets in a physical location with a group of people. You can interact with other bettors, share tips and tricks, and enjoy the atmosphere of a betting shop. However, offline betting can be time-consuming and inconvenient, especially if you don’t live close to a betting shop. Additionally, you may have to deal with long lines, limited betting options, and strict opening hours.

On the other hand, online betting offers convenience and flexibility. You can place bets from anywhere, at any time, and have access to a wider range of betting options. Online betting also allows you to take advantage of bonuses and promotions, which can increase your chances of winning. However, online betting can be less social and less immersive than offline betting, and there is a risk of addiction and fraud.

Regulatory Landscape and Compliance

Latvian Gambling Laws

In Latvia, gambling is regulated by the Lotteries and Gambling Supervisory Inspection (IAUI). The IAUI is responsible for ensuring that all gambling activities in the country are legal and fair. The IAUI also issues licenses to operators who wish to offer gambling services in Latvia.

The Latvian gambling laws apply to both online and offline gambling. The IAUI has implemented strict regulations to ensure that all gambling activities are conducted in a safe and fair manner. These regulations cover areas such as player protection, responsible gambling, and anti-money laundering.

Online vs. Offline Regulation

The regulatory landscape for online and offline gambling in Latvia is quite similar. Both types of gambling must adhere to the same laws and regulations. However, there are some differences in the way that these regulations are enforced.

Offline gambling activities, such as land-based casinos and betting shops, are subject to regular inspections by the IAUI. These inspections are designed to ensure that the operators are complying with all relevant laws and regulations. The IAUI also has the power to revoke licenses if an operator is found to be in breach of these regulations.

Online gambling operators are also subject to strict regulations. They must obtain a license from the IAUI before they can offer their services to Latvian residents. The IAUI also monitors online gambling activities to ensure that they are being conducted in a fair and transparent manner.

In conclusion, the Latvian gambling laws apply to both online and offline gambling. The IAUI has implemented strict regulations to ensure that all gambling activities in the country are conducted in a safe and fair manner. Both types of gambling must adhere to the same laws and regulations, but there are some differences in the way that these regulations are enforced.

Consumer Preferences and Market Dynamics

Demographics of Bettors

When it comes to offline betting in Latvia, it is mostly popular among middle-aged men who prefer to place their bets in traditional brick-and-mortar betting shops. According to Statista, nearly 10% of U.S. adults who bet on online and in-person casino games did so at least once a week as of September 2021. However, in Latvia, the trend is towards online betting, with more and more people starting to prefer the convenience and accessibility of online betting platforms.

Technological Influence on Betting

The rise of technology has had a significant impact on the betting industry in Latvia. With the increasing availability of smartphones and mobile internet, more and more people are opting for online betting platforms that offer a seamless and user-friendly experience. In addition, online betting platforms offer a wider range of betting options and better odds compared to traditional betting shops. This has led to a decline in the popularity of offline betting in Latvia.

Economic Impact and Growth

The betting industry is a significant contributor to the Latvian economy, with both offline and online betting generating substantial revenue for the country. According to Statista, the global online sports betting market is expected to achieve a revenue of US$49.96bn by 2024, indicating an annual growth rate of 7.68% (CAGR 2024-2028). In Latvia, the growth of the online betting industry is expected to continue, with more and more people turning to online betting platforms.

 

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Affiliate Roulette and iGamingAffiliates.IO Forge Powerful Partnership to Empower Affiliates and Simplify Operator Acquisition

Published

on

Affiliate Roulette and iGamingAffiliates.IO Forge Powerful Partnership to Empower Affiliates and Simplify Operator Acquisition

 

Affiliate Roulette, the industry’s leading platform for affiliate discovery and collaboration, and iGamingAffiliates.IO, a premier iGaming affiliate management agency, announce a partnership designed to empower affiliates and simplify operator acquisition within the iGaming industry.

Building Trust and Transparency Through Collaboration

Affiliate Roulette, known for its innovative approach to affiliate marketing, fosters a transparent environment where affiliates can showcase their skills and build trust with operators. This aligns perfectly with iGamingAffiliates.IO’s core values, which place a strong emphasis on building long-term, trust-based relationships between affiliates and brands.

A Winning Combination for Affiliates and Operators

This partnership provides a powerful combination of benefits:

  • Enhanced Visibility: Affiliate Roulette showcases iGamingAffiliates.IO to a vast network of operators, increasing their chances of securing lucrative partnerships.
  • Expert Guidance: iGamingAffiliates.IO’s team of experienced professionals offers operators the support and expertise needed to optimize their campaigns and achieve maximum results.
  • Streamlined Operations: iGamingAffiliates.IO handles the complexities of campaign management, allowing operators to focus on their core competencies.

A Future of Collaboration and Growth

This partnership marks a significant step forward for the iGaming affiliate market. By combining Affiliate Roulette’s innovative platform with iGamingAffiliates.IO’s proven expertise, both companies are committed to fostering a thriving industry that benefits all stakeholders.

 

Continue Reading

Affiliate Program News

Genome and Chilli Partners join forces to revolutionize iGaming affiliate payouts

Published

on

Genome, a cutting-edge electronic money institution, is thrilled to announce its strategic partnership with Chilli Partners, a prominent iGaming affiliate program specializing in casino games.

 

Leading the charge in the convergence of financial technology and iGaming, Genome, a cutting-edge electronic money institution, is thrilled to announce its strategic partnership with Chilli Partners, a prominent iGaming affiliate program specializing in casino games.

The collaboration marks a pivotal moment in the iGaming industry, bringing together Genome’s expertise in online financial services and Chilli Partners’ prowess in affiliate marketing. The partnership is set to redefine the landscape of affiliate payouts, offering an array of benefits to both affiliates and the iGaming community at large.

“We are excited to embark on this journey with Chilli Partners. By combining our financial expertise with their influential position in the iGaming affiliate space, we aim to set new standards for efficiency and innovation in affiliate payouts,” – noted Genome’s CEO Daumantas Barauskas.

For one, the partnership offers efficient payouts. Affiliates can now enjoy expedited and secure payouts through Genome’s state-of-the-art financial infrastructure, enhancing their overall experience and satisfaction.

It also provides global reach for Chilli Partners, as it can extend its reach to affiliates worldwide with Genome’s international payment capabilities. This allows Chilli Partners to foster a more diverse and expansive network.

The partnership streamlines financial workflows, ensuring seamless transactions and reducing administrative overhead for Chilli Partners, allowing them to focus on delivering top-notch affiliate services.

Genome is all about innovation in payments and online financial services. This approach brings new possibilities for payment options, providing flexibility and convenience for affiliates participating in the Chilli Partners program.

Lastly, the collaboration prioritizes compliance and risk management, assuring affiliates of secure and compliant transactions in accordance with industry regulations.

“This partnership aligns perfectly with our commitment to providing the best possible experience for our affiliates. Genome’s advanced financial services will play a crucial role in elevating our affiliate program to new heights”, – added Clayton Zammit Cesare, Head of Affiliates at Chilli Partners.

As the iGaming industry continues to evolve, Genome and Chilli Partners stand united in their dedication to driving positive change, innovation, and reliability. The partnership is poised to create a ripple effect, positively impacting the entire iGaming ecosystem.

About Genome

Genome is a leading EMI that provides innovative financial services, including batch payouts, SWIFT, and SEPA transfers. With a focus on efficiency and compliance, Genome empowers businesses across various industries, including iGaming, to streamline financial operations and enhance user experiences.

For more information, please visit https://genome.eu/

About Chilli Partners

Chilli Partners is a prominent iGaming affiliate program specializing in casino games. With a commitment to excellence, Chilli Partners connects affiliates with top-tier iGaming brands, offering a lucrative partnership that includes competitive commission structures and tailored support.

For more information, please visit https://chillipartners.com/

Continue Reading

News

ReferOn Insights Seminar: A Comprehensive Guide for Operators

Published

on

ReferOn Insights Seminar

 

ReferOn, a state-of-the-art affiliate management system developed exclusively for casino and sports betting operators in the iGaming industry, announces the opening of a limited registration (closing 10th of May) for a free seminar. The seminar will cover valuable affiliate management tips directed at operators.

ReferOn brings several useful innovations to managing affiliate marketing in the form of a comprehensive set of tools and services – dynamic reporting, company grouping, a strong media module, easy flows for rewards, sub-affiliation, an IDC calculator, and many more. In its first year of operation, ReferOn has been recognized with industry nominations and awards including 5Star iGaming Media Awards, iGB Affiliate, SBC Casino Beats, and AffPapa Awards. Most recently, it has been shortlisted as an “Affiliate Software Provider” and “Rising Star Software” at the EGR B2B Awards.

The Referon Insights Seminar will be led by David Harris, B2B Affiliate Team Manager of ReferOn with 7+ years of experience in the iGaming market together with Alexia Gauci, B2B Sales Manager at ReferOn as a moderator. This event will help operators, both existing partners and those who are interested in the product, learn valuable information on what ReferOn can deliver to the user with the following agenda;

  • Data Discovery: Dashboard, Statistics, Reporting and APIs
  • Tracking Methodology: Creating a campaign, Creating a media item, Setting deals individually or in bulk, and Bulk actions
  • Management Tips: Company adjustments, Master affiliate adjustments, Manager reassignments, Password setting and 2FA, Payment method checks, and Support reminders.

The duration of the first seminar will be approximately 45 minutes, followed by a Q&A session. Following the seminar, a set of useful instructions will be published and sent to the participants of the event.

David Harris shared details about the upcoming seminar, “Our goal is to give operators useful hints and tools they need to optimize their processes and scale their affiliate marketing efforts into new markets and regions. We look forward to sharing our knowledge and experience with the community.”

ReferOn’s team invites all interested operators to join us for this seminar. The number of seminar participants is limited and there is no fee to participate in the session.

Mark in your calendar: 15 May 2024, 2 PM (GMT+2).

Continue Reading
Advertisement
Advertisement

Latest News

Affiliate Roulette and iGamingAffiliates.IO Forge Powerful Partnership to Empower Affiliates and Simplify Operator Acquisition Affiliate Roulette and iGamingAffiliates.IO Forge Powerful Partnership to Empower Affiliates and Simplify Operator Acquisition
News17 hours ago

Affiliate Roulette and iGamingAffiliates.IO Forge Powerful Partnership to Empower Affiliates and Simplify Operator Acquisition

  Affiliate Roulette, the industry’s leading platform for affiliate discovery and collaboration, and iGamingAffiliates.IO, a premier iGaming affiliate management agency,...

Genome, a cutting-edge electronic money institution, is thrilled to announce its strategic partnership with Chilli Partners, a prominent iGaming affiliate program specializing in casino games. Genome, a cutting-edge electronic money institution, is thrilled to announce its strategic partnership with Chilli Partners, a prominent iGaming affiliate program specializing in casino games.
Affiliate Program News6 days ago

Genome and Chilli Partners join forces to revolutionize iGaming affiliate payouts

  Leading the charge in the convergence of financial technology and iGaming, Genome, a cutting-edge electronic money institution, is thrilled...

ReferOn Insights Seminar ReferOn Insights Seminar
News1 week ago

ReferOn Insights Seminar: A Comprehensive Guide for Operators

  ReferOn, a state-of-the-art affiliate management system developed exclusively for casino and sports betting operators in the iGaming industry, announces...

News2 weeks ago

L&G esports team founded by Alona Shevtsova won the national Dragon EC Cup tournament

    Ukrainian esports team L&G won the Dragon EC Cup tournament, held on the 20th of April by Dragon...

WA.Technology Launches WA.Affiliates WA.Technology Launches WA.Affiliates
Affiliate Announcements3 weeks ago

WA.Technology Launches WA.Affiliates

  WA.Technology, an award-winning B2B iGaming solutions provider, announces the launch of WA.Affiliates, a next-gen iGaming affiliate management platform. WA.Affiliates...

Affiliate Roulette Introduces Affiliate Brain AI - A Comprehensive AI Tool Suite for Affiliate Marketers Affiliate Roulette Introduces Affiliate Brain AI - A Comprehensive AI Tool Suite for Affiliate Marketers
News3 weeks ago

Affiliate Roulette Introduces Affiliate Brain AI – A Comprehensive AI Tool Suite for Affiliate Marketers

  New Platform Streamlines Content Creation, Social Media Management, and Performance Optimization Affiliate Roulette, a leading provider of iGaming affiliate...

Alpha Affiliates set to revolutionise gaming landscape with new innovative platform, Monixbet Alpha Affiliates set to revolutionise gaming landscape with new innovative platform, Monixbet
Affiliate Program News4 weeks ago

Alpha Affiliates set to revolutionise gaming landscape with new innovative platform, Monixbet

  Alpha Affiliates, the leading iGaming affiliate partner program, has announced the newest addition to its iGaming portfolio: Monixbet. Set...

Casino Guru Shines in AffPapa Awards 2024 Nominations Casino Guru Shines in AffPapa Awards 2024 Nominations
Awards4 weeks ago

Casino Guru Shines in AffPapa Awards 2024 Nominations

  Casino Guru, the world’s premier independent online casino resource, is proud to announce its nominations in two prestigious categories...

iGB Affiliate ranks in top 3% of international trade events - states research agency iGB Affiliate ranks in top 3% of international trade events - states research agency
News4 weeks ago

iGB Affiliate ranks in top 3% of international trade events – states research agency

  Explori, the independent research agency which works with over 7,000 events and conferences around the world, has rated iGB...

News4 weeks ago

Catena Media appoints Michael Gerrow as Group CFO

  Catena Media announced the appointment of Michael Gerrow as Group CFO. He will enter his new role on 15...

Trending

Get it on Google Play

Offering comprehensive coverage on all aspects of the gaming sector, our daily posts include online and land-based gaming, betting, esports, regulatory and compliance updates, and technological advancements. Regular features encompass daily news articles, press releases, exclusive interviews, and insightful event reports.

The platform also hosts industry-relevant webinars, and provides detailed reports, making it a one-stop resource for anyone seeking information about operators, suppliers, regulators, and professional services in the European gaming market. The portal's primary goal is to keep its extensive reader base updated on the latest happenings, trends, and developments within the gaming and gambling sector, with an emphasis on the European market while also covering pertinent global news. It's an indispensable resource for gaming professionals, operators, and enthusiasts alike.

Contact us: [email protected]

Editorial / PR Submissions: [email protected]

Copyright © 2015 - 2024 - GAV is part of HIPTHER Agency. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania