With just five casinos and 65 table games in operation, growth in Latvia’s gambling industry revenues has continued in recent years.
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Total Industry revenues reached €210m in 2015, of which €173m came from slot machines, €14m derived from table games and €1.8m from betting.
For the purposes of revenue calculation arcades in Latvia hold the same status as casinos, but across the industry regulated gambling spend in Latvia has increased by 85 percent since 2010.
The country has seen no casino closures since 2013, and in total the industry employs 3890 employees.
Player visits were up slightly in 2015, rising by two percent, as 618,000 individual visits were made throughout the year.
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Slot machines are the principal gaming activity for Latvia’s players and have consistently performed better than table gaming throughout the past years.
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Online gambling is permitted and regulated in Latvia and the sector, which includes poker, betting and casino offers is rapidly expanding; six operators currently hold an online gambling licence and online revenue soared 98 percent in 2015, to €11.5m, with online casino dominating the market.