The government of Lithuania has approved the passage of a new bill that will force licensed lottery operators to pay/include a 13% tax on each lottery ticket sold to help raise funds for national sports organisations and athlete development. As reported by LRT, Lithuanian MPs backed amendments to the laws on Lottery and Gambling Tax to change the previous 8% allocation of …
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Operators looking to enter new and emerging markets must keep a closer eye on regulatory changes, which can happen considerably quicker than more mature markets. That was the view of Vadim Potapenko, Head of Sales at Slotegrator, who explained how the company’s jurisdictional services can “get the licensing process squared away”, leaving the operator to focus on marketing and operation …
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Parimatch has secured terms with La Liga to become the official ‘CIS region betting partner’ of Spain’s highest tier of professional football. Agreeing terms on a two-year partnership, Parimatch confirmed that its brand will be displayed (where permitted) across 15 CIS state broadcast of La Liga matchdays. Parimatch’s logo will be showcased to CIS region audiences through the use of 3D …
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Genius Sports is recruiting for ‘multiple roles’ within its ‘Vilnius Lithuania development hub’ to support the sports tech firm’s global operations and future growth projects. Updating the media, Genius confirmed that it has launched a new hiring programme to bolster the capacity, talent and resources of its Vilnius tech support and development units. Genius has operated its Vilnius tech hub …
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GVC’s Director of Regulatory Affairs Martin Lycka reviews the events of a world-changing April 2020, in which tough lessons have been learnt by the lived experience of working and adjusting to national lockdown orders… _____________________________ Dear Diary, What a month this has been. In the UK, we are told the virus has peaked and is now hopefully ebbing. However, we are …
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Lithuania has revealed a new legislation which will require all gambling advertisements to display warnings regarding gambling-related harm after a new bill was passed by the Vilnius Seimas (parliament). The legislation, which will see the warnings become mandatory from 1 July 2020, gained an overwhelming majority during its first reading. The Seimas ruled that the country’s Gaming Control Authority will …
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Led by growth in its core markets of Estonia and Latvia, Eastern European gambling operator Olympic Entertainment Group (OEG) has reported full-year 2016 revenues (before tax) of €205 million (FY 2015: €177 million) Closing its FY 2016 corporate performance, OEG would declare net revenues of €161 million (FY 2015: €136 million), with its Estonian home market generating revenues of €45 …
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England’s World Cup qualifying group has been subjected to claims of ‘suspicious betting’, after irregular patterns during Malta’s defeat to Lithuania three weeks ago were flagged up to FIFA. The world governing body was alerted to huge sums of money being placed on the match, which took place on the same night that England drew 0-0 in Slovenia. It has …
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Driven by growth in its markets of Estonia, Latvia and Lithuania, Tallinn-listed Eastern European gambling operator Olympic Entertainment Group AS (Olympic) expects a 21% uplift in group revenues for its Q3 2016 performance (period ending 30 September). Presenting its Q3 2016 ‘unaudited’ results Olympic governance reports expected group revenues of €45 million (Q3 2015: €37.4 million). The Eastern European gambling …
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Promoting fresh online games content to its client base, industry software and platform provider BetConstruct has announced a games supplier agreement with MrSlotty, a new industry HD slots developer operated by Loberta UAB. The agreement will see MrSlotty games content integrated on BetConstruct’s Spring Platform opening up new slot titles to BetConstruct client base. MrSlotty an industry games studio operated …
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