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 …
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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, …
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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 …
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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 …
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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 …
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The Seimas of Lithuania continues to reform the Baltic state’s gambling laws, approving new amendments to the national Gambling Law and the Lottery & Gaming Tax Law. Gambling Law amendments will see the Lithuania Gambling Control Authority introduce a new type of licence for ‘the organisation (of) remote gambling services’. The introduction of a new remote gambling licence is required …
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The Budget and Finance Committee of Lithuania’s Seimas (Parliamentary Assembly) has completed a draft decree proposing new standards on lottery play and advertising for the Baltic state. The Committee’s headline measure has called on parliament to undertake a vote to raise the minimum age of purchase of lottery tickets from 16-to-18 years of age. If approved, Lithuania’s government will enforce …
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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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