Latvia is not just the home of mesmerizing forests, castles and beautiful landscapes, but to a number of online casinos as well. Find out how the Lotteries and Gambling Supervision Inspection of Latvia regulates these companies.
Online Casinos Licensed by Lotteries and Gambling Supervision Inspection of Latvia
The Lotteries and Gambling Supervisory Inspection (IAUI) is the main regulating body in Latvia when it comes to all forms of gambling and lotteries. This regulatory body was established in 1998 and is tasked with handling all laws and regulations that concern gambling. While the Control Department oversees that all forms of gambling are lawful, the Legal Department of the government is the one that issues the licenses to operators. Online gambling and online casinos are completely legal and available to all Latvians aged 18 and older, as long as they are playing at licensed gaming sites approved by the Latvian authorities.
About Lotteries and Gambling Supervision Inspection of Latvia
When the government had passed the law and formed the Lotteries and Gambling Supervision Inspection of Latvia, it was at first only tasked with issuing operating licenses to land-based casinos, which became legal in 1998. This enables all operators to apply for the appropriate license in order to operate legally in the country. Online casinos have to apply for the same operating license as land-based casinos and undergo the same strict procedure to become fully legal and licensed. If an online casino does not pass the procedure, it will be immediately blacklisted and made unavailable in the country.