Information regarding possible government fee in Latvia
Evolution Gaming gives the following information regarding a possible new government fee to provide Live Casino services from Latvia.
The Latvian parliament has decided to implement a fee, starting next year, for Live Casino tables that are being provided from the country. As Evolution runs a studio in Riga, the company may be comprised by this fee. The decision has been made by the Latvian parliament against the recommendation of the government and several other stakeholders, and there is still a possibility that it will be changed.
Evolution regularly manages new regulatory propositions and changes, and the company already pays licence fees in several markets. The planned fee is not assessed to substantially impact the company’s position.
For investor enquiries, please contact:
Jacob Kaplan, CFO, firstname.lastname@example.org
Evolution Gaming Group AB (publ) (”Evolution”) develops, produces, markets and licenses fully-integrated B2B Live Casino solutions to gaming operators. Since its inception in 2006, Evolution has developed into a leading B2B provider in the European market with 100+ operators among its customers. The group currently employs about 3,700 people, most of whom are located in Latvia and Malta. The parent company is based in Sweden and listed on Nasdaq Stockholm with the ticker EVO. Visit www.evolutiongaming.com for more information.