Land-based sportsbetting provider SIA Teletoto will now be able to move online with approval.
Wednesday 11th June 2008
Authorities in Latvia have awarded Stockholm and London-based gaming provider Redbet Holding with an online gambling license for its SIA Teletoto subsidiary.
SIA Teletoto is the only licensed sportsbetting provider in the Baltic nation and operates around 20 land-based retail locations under its Optibet brand. This latest move will see the firm able to offer online sportsbetting in the country through Optibet.com, just in time to take advantage of the Euro 2008 soccer tournament taking place this month in Austria and Switzerland.
Although the firm hopes to expand online by working closely with retailers including convenience stores and supermarkets, it dismissed reports that it would be expanding further either in Latvia or other parts of Europe due to the costs involved.
