Key Takeaways
- The Director of the Latvian gaming regulator— Lotteries and Gambling Supervisory Inspection—met with the President of French regulator ARJEL last week.
- The French regulations impose a tax equivalent to 37% of gross gaming revenue, while Latvia makes do with 5%, down from an original 10%. Unsurprisingly, the French market is in decline with operators on average making losses from online poker.
- ARJEL’s statement on the meeting said that the two systems were not comparable, and that taxation and supply issues meant that the two markets had little in common.
The Director of the Latvian gaming regulator—Lotteries and Gambling Supervisory Inspection—met with the President of French regulator ARJEL last week.
The ARJEL press release suggested that Latvia wanted “to benefit from the experience of ARJEL.”
