Betsson exits Latvia’s blacklist after Triobet brand secures license

Swedish operator Betsson can start offering its services in Latvia via its Triobet brand.

The Latvia Lotteries and Gambling Supervision Inspection (IAUI) recently awarded Triobet a license to operate in the country, which means that a number of its sites will soon be removed from the state gambling regulator’s blacklist of unlicensed gambling domains, according to a Gaming Intelligence report.

Betsson absorbed Triobet in April 2012 after it acquired parent company Nordic Gaming Group for an initial €60 million in cash and €5 million in shares.

Latvia joins other European states, including Malta, Denmark, the United Kingdom, Ireland, Italy, Estonia, and Georgia, where Betsson has secured license to operate. Two years ago, Betsson was part of the IAUI’s list of more than 442 online gambling websites that were outlawed after the country amended its Electronic Communications Law.