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Latvian gaming law unlikely to fall foul of EC say experts

23rd August 2011 8:00 am GMT

Latvia has published a new draft Gambling and Lotteries Law that will require online gambling companies to be majority-owned by Latvians if the operator is from a non-EU country.

Online gaming operators will have to get a licence from the local regulator the Lotteries and Gambling Supervisory Inspection, which has been given powers to block unlicensed websites. It is understood that Latvian banks will also be prosecuted if they process payments from unlicensed online gambling sites.

“The [...]

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