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Pandemic causes Latvia gambling market to decline 49% in 2020

16th March 2021 10:50 am GMT

Latvia’s regulated gambling market shrank by 49 per cent to €166.9m in 2020, as restrictions imposed as a result of COVID-19 negatively impacted turnover during the year.

Turnover fell significantly compared to 2019 as the Latvian government prohibited all land-based gambling activities between 22 March and 9 June, and again between 9 November and 31 December. In addition, remote gambling activities were suspended between 8 April and 9 June.

As a result, gross gaming revenue (GGR) from [...]

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