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Baltic States gamble to see off recession

Two places that have recently heeded the advice offered by the Right2Bet campaign are the two Baltic states bordering Russia: Latvia and Estonia. They have capitalised on the ban the Russian Government introduced on gambling last year. Russia now permits gambling (one of the most popular pastimes in the nation) in only a few remote corners of the country.

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The tiny countries, with a combined population of around 2.5 million, were once part of the Soviet Union, and still count a significant number of Russians and Russian speakers amongst their population, making it an ideal location to take advantage of tourist trade from the wealthy Western cities of Russia.

Gambling has long been a favoured, legal pastime in Latvia, with the gaming industry there reportedly accounting for $125 million worth of revenue in 2005. However, it is only in the past few weeks that Estonia has relaxed its stance.

Estonia, the northernmost Baltic state, has recently found itself in deep trouble following the global financial downturn. Seeing the revenue streams enjoyed by its Baltic neighbour, and sensing the possible influx of disenchanted Russian gambling tourists, the Government launched a review into the laws surrounding the activity, and recently announced that the country's gambling regulations would go through gradual change. Unlike many other nations which have quickly introduced or withdrawn legislation almost overnight, the Estonian approach will be more long-term, with 2010 seeing citizens and tourists permitted to gamble online or off for the first time... but only with Estonian-registered sports books and casinos.

Normally at Right2bet we would be concerned about this measure, but not in this case. Estonia is going from a near total ban on gambling to a very liberal system; it's only natural that the Government and customers should favour a small 'learning curve' before they hit 2011, from which point foreign companies will be allowed to enter the market.
Neighbours Latvia also manage to remain on top of the game when it comes to countering corruption, despite the claims of many that commercial gambling creates difficulties in this area. Last October saw the Latvian FA suspend and punish Dinaberg FC, as well as the individuals concerned, after two of their employees were caught betting on their own matches by bookmakers. Indeed, it seems that the Latvian regulators take their jobs very seriously and this can only be good for the industry and consumers.

So, Right2bet tips its hat to our Baltic cousins, who seem well-prepared to continue through the 'cold months' of economic trouble with the help of their gambling industry. Why can't others do the same? The Right2bet petition is available for all to sign at www.right2bet.net. Stand up for your right to bet!



Gambling News :

NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday - Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.

Pro League Reveals Sportradar Contract Details - The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.

NFL Odds: Steelers Visit Undefeated Chiefs #TNF - The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.

Mega Moolah strikes again - The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.

2 New Slots For Microgaming Casinos - David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.

MLS Odds: Red Bulls vs. Whitecaps - The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.

Velka Pardubicka On RacingUK - Felix de Giles flies the British flag in Sunday’s Velka Pardubicka

Mega Moolah Jackpot Hits on 9/27/2017 - Another millionaire made on Microgaming’s Mega Moolah; 5th largest Microgaming payout

Simon Jones is crowned the Greatest Poker Player in the Universe - A €10,000 leaderboard tracked player progress throughout the series to determine who the Greatest Poker Player in the Universe was. Professional poker player/sports psychology lecturer, Simon Jones, took the crown with a €5,000 cash bonus and trophy to prove it.

MLB Odds: Yankees Favored in AL Wild Card Game - After a strong regular season, the New York Yankees (91-71, –1.00 betting units) opened as –235 home favourites for Tuesday’s AL Wild Card Game against the Minnesota Twins (85-77, +11.48 units). First pitch is at 8 PM ET on ESPN.

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