The public company "Latvijas Loto" will be involved in the sports betting sector

has indicated that it has entered into a long-term cooperation agreement with SJSC" Latvijas Loto "regarding the provision of sports betting and business services in Latvia.On the announcement, it is badumed that the sports betting machine will be offered on the digital platform of management of "Latvijas Loto" and its operation will begin at the end of the year

For the moment, nothing more precise Aleksis Jarockis, a spokesman for the Ministry of Finance, which owns 100% of the company, said the ministry can not force the company to provide more information if she is not currently commenting. Jānis Pone, member of the Board of Directors of Latvijas Loto, told LETA that with the conclusion of the agreement, Latvijas Loto was expanding its portfolio of products for sports raffles by offering quality products for gambling in a legal and controlled manner. The organizer of the betting industry Arvīds Rasa "LA" pointed out that it's not bad to see the state's involvement in the sector of sports betting, considering that Kambi has a respectable name in the betting industry. In addition, he believes that the product offered will not be a clbadic sports bet. "It seems to me that Kambi is already a ready-made product, where you simply hit the game with crosses, you put in some kind of common pot, and if you hit everything correctly, get or fight for a jackpot "said the expert in sweepstakes. 19659005] However, he sees problems when it comes to advertising products. "You need to see how the advertising controls are legally in place, because at the moment the sports bidders are not allowed to advertise.In turn, there are no restrictions on the lotteries, and "Latvijas Loto" can do what they want – both to create shows and to advertise at any time and place.If "Latvijas Loto" will advertise for sports betting, then I The solution is a way – either to advertise without restriction to anyone, or to ban everyone. "In total, Kambi Group plc's market share is over. the market are quoted by Nasdaq on the alternative market of the Stockholm Stock Exchange, First North, "said A. Rasa

Jan Tröger, who is a sports prospector. lv "chairman of the board." There is enough competition in the industry, and the supply of private companies is allowed, well supervised and regulated. We do not see that there would be an empty niche on the market, for which the state should be fighting, "said J. Treeger, who is also worried about the solution that will now be provided. to "Latvijas Loto" for the promotion of its products. "We do not know how they intend to advertise and offer the new product. They already have privileged positions because lottery advertising is not prohibited. If they promote the new service that will be a direct competitor, it will be unfair competition. I would like to hear from the company a broader explanation, "said the director of" 11.lv ", who is also interested in what commitments made with the state.

He also said that "Latvijas Loto" has used its monopoly market up to now. "The" Latvian Lotto "as a company is much larger than the whole gambling activities on the Internet, taken together. There are seven licensed operators whose sports betting and casino business, taken together, are lower than the "Latvian Lotto". Thanks to this practice, they have earned a lot of income. Of course, it also complements the treasure and seems to want to grow. "

Sports Draw Organizers

*" Kambi Group plc "Shares Grade" Nasdaq "on the" First North "Alternative Market.

* Among the customers of "Kambi" is a gaming company from 21 different countries, including DraftKings, Interactive Street Rush, ATG, Kindred Group, 888, Paf, Televisa, LaoVegas, Mr. Green and Napoleon Games.

* The Company employs more than 600 people at its headquarters in Malta as well as offices in Bucharest, London, Manila, Stockholm and Sydney.

* "Latvijas Lotto" is wholly owned by the state and only one is allowed to organize National lotteries and lotteries.

* In the first quarter of this year, "Latvijas Loto" achieved a turnover of 10.588 million euros, or 30.2% more than the previous year. 2017 while the company profit rose 28.9% to 1.803 million euros.