Tag Archives: Lithuania

Lithuania continues its overhaul of gambling legislation, applying reforms and restrictions that will establish a new gambling regime by 2028. As approved by the Seimas (Parliament) in November 2024, Lithuania will begin another phase of its ‘gradual implementation’ to overhaul gambling laws from 1 July onwards. Operators will face sweeping curbs on advertising activities as the promotion of brands will …

The European Commission (EC) has received a proposal for new “requirements for remote gambling platforms” submitted by the government of the Republic of Lithuania. The proposal has been drafted by the Gaming Control Authority (LPT) of Lithuania under the authority of the Ministry of Finance. The LPT seeks to apply new technical requirements with the “aim of establishing a general …

The Seimas of Lithuania will vote on Tuesday (14 January) on the implementation of new gambling controls to be applied via national banks. A new set of gambling controls has been proposed to the Seimas, which includes new checks and duties to be carried out by all banks (foreign and domestic) licensed by the Bank of Lithuania. The new controls …

Lithuania will proceed to tighten its gambling laws to strengthen problem gambling controls and ‘prevent irresponsible behaviours’. On Friday, 8 November, the Seimas (parliament) approved ‘new provisions’ to be added to the Gambling Law of the Republic of Lithuania. Headline measures saw ministers approve of Lithuania enforcing a new ‘consolidated gambling age’ of 21 years, to be effective from 1 …

The Supreme Administrative Court of Lithuania (LVAT) has overturned a penalty against betting firm TopSport LT for accepting remote bets from foreign customers. Last year, Lithuania’s Gaming Control Authority (LRV) imposed a €15,000 fine on TopSport following an investigation triggered by anonymous complaints submitted to the authority. The investigation revealed that TopSport had voided the gambling winnings and blocked the …

Lithuania’s longest-running land-based casino operator, Nese, has introduced its latest sportsbook and igaming brand Twinsbet which will focus on securing sports sponsorships.  In its first days since its inauguration, the brand has already signed a three-year deal worth €7.5m with Lithuanian basketball club BC Wolves, which includes the naming rights for the Avia Solutions Group Arena in Vilnius that hosts …

NYSE-listed International Game Technology PLC (IGT) through subsidiary IGT Global Solutions Corporation has extended its partnership with Lithuanian Lottery UAB Perlas Network (Perlas).  The agreement will see both parties collaborate for another 12 years until at least 2035, with IGT introducing a steady flow of upgrades to Perlas’ lottery central retail system.  Jay Gendron, IGT Chief Operating Officer Global Lottery, …

The Seimas (parliament) of Lithuania has received a new age limit proposal on gambling, which seeks to raise the minimum age limit on all gambling disciplines (land-based and online) to 21. As detailed in the 2024 agenda of the Seimas, Lithuanian MPs will vote on whether to set a new age limit on gambling to 21, with a view to …

The Government of Lithuania has settled a resolution related to specific state fees, payments and refunds applied to business and economic activities.  The resolution sees Lithuania’s government impose new state licensing fees for gambling businesses and services. A notable change is increased operating licence fees for the national lottery and smaller lotteries, rising from €1,395 to €1,620, which may affect …

OlyBet has joined the roster of key partners that will sponsor EuroLeague Basketball’s ‘Final Four’ tournament – the marquee finale of the European basketball season.  Taking place over the weekend of 19-to-21 May, the Final Four will be hosted at  Žalgiris Arena in Kaunas Lithuania, as the four best EuroLeague basketball teams compete to be crowned European champions. Olybet highlighted …