The Latvia Parliament announced in October that it was considering introducing a license fee for Live Casino Operators based in Latvia. Details of the fee was not announced at the time.
However in a recent announcement the fee has now been set at a fixed EUR 400,000 per annum. This is a change from an early decision which was set to be EUR 11,7000 a table.
The new fee will come into effect on the 1st January 2018.
Whilst the like of Evolution Gaming and Playtech may be able to swallow this addition to their bottom line. Other Latvian live casino providers may find this harder to bear.
It’s a surprising step for the government and one that may see this backfire on them.
Riga is seen by many as the center for Latvian Live Casino studios, providing thousands of local jobs.
This is likely to dissuade suppliers from expanding or setting up new studios in Latvia which would have an impact on the local economy.
I’d like to understand what was behind the decision making process.
For the moment I’ve not been able to contact anyone for a comment.
I have tried to be objective and consistent with all my live casino reviews. Hopefully, they will strike a chord with you, but I thought it might be helpful to explain the criteria I use to mark each of the casinos. Hopefully, the categories and explanations make sense.
Playability – What is the overall impression of the casino? Did I have a good time? are the dealers nice and chatty and is everything easy to understand? Does it have a good set of games and is there a comprehensive set of betting options? Are high stakes players taken care of?
Software – What is the software like to use and does it integrate well with the rest of the casino?. Are the images clear and is the video streaming fast? Have they taken more than the default shared tables? Is it available on mobile?
Payment Options – Does the casino have a good variety of payment options? Do they payout quickly and on time?
Security – How good is the reputation of the casino amongst other players? Do they hold a valid gaming license? Are they transparent about the security measures they have in place? Are they regularly audited? Do they publish this information?
Support – Do they have multiple methods for communication with me? Is support available 24×7? Do they have instant chat and are they quick to respond? Are they able to help me immediately? Do they have an online FAQ and self-help library? Are the support people knowledgeable about the product I’m playing?
Bonuses – Do they have bonuses?. How strict are the wagering requirements? Do they offer repeat bonuses?. Do they offer loyalty points and can they be redeemed for cash or playing credits?
After all that, would I play there regularly?