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Industry
March 7, 2024
Lithuania Considers Stricter Gambling Regulations
The Lithuanian Ministry of Finance is spearheading efforts to tighten regulations in the gambling sector, proposing amendments that would compel gambling companies to actively monitor individuals showing signs of gambling addiction or facing significant losses. Although the country faced difficulties tightening regulations in the past, its newfound political will should be sufficient to implement lasting […]
Industry
February 7, 2024
Former BaltCap Manager Suspected of Stealing Millions to Gamble
Every year, many financial crimes occur across the globe. While generally, people may abuse other individuals’ funds for their personal expenditures, some people are pushed into such crimes to fuel a gambling addiction. It is unclear if a former BaltCap investment fund manager had a gambling problem, yet he is suspected of abusing his power […]
Industry
January 5, 2024
Lithuania Seeks to Increase the Legal Age for Gambling to 21
Lithuania’s parliament (Seimas) has received a new proposal that, if passed, would raise the minimum age limit for gambling to 21. As reported by SBC News, this proposal is part of the Seimas’ 2024 agenda and will be on voted by ministers later this year. The new measure applies to both retail and digital gambling. […]
Legal
September 26, 2023
Gambling Regulator in Lithuania Fines Amber Gaming $16K
The gambling regulator in Lithuania, the Lithuanian Gambling Supervisory Authority, constantly monitors the gambling operators in the country and imposes fines or other sanctions in case it uncovers breaches of the established regulations. Amber Gaming, a betting and gaming operator in the country, was the latest operator to fall under the Authority’s scrutiny. On Tuesday, […]
Legal
September 14, 2023
Top Sport Breaches Lithuania’s Self-Exclusion Rules, Gets Fined
Top Sport, a Lithuanian online casino and sports betting company, has once again encountered issues with the local regulator. Forced to pay a fine of almost $27,000, the company was accused of providing gambling products to a self-excluded person. The report was filed by the self-excluded person themselves. In March, the player successfully entered their […]
Industry
August 3, 2023
Lithuania Imposes Increased Gambling Licensing Fees
Effective as of 27 July 2023, Lithuania’s new resolution takes significant steps to regulate and streamline the gambling industry in the country by adjusting specific state fees and payments applied to gambling-related business and economic activities. These new changes aid the government’s goal to create a sustainable framework that provides a level playing field for […]
Legal
July 24, 2023
Betsafe Evades Sanction in Lithuania after Regulatory Breaches
The Gambling Supervision Service under the Ministry of Finance of the Republic of Lithuania, the gambling regulator in the country, unveiled details regarding a new probe into Lošimų strateginė grupė UAB, trading as Betsafe. On Monday, the regulator confirmed that it conducted an inspection of the company and uncovered breaches of the regulation related to […]
Industry
June 27, 2023
Baltic Bet Slammed with a $18,000 Fine in Lithuania
The Lithuanian Gambling Supervisory Authority has issued a fine of over $18,000 to Baltic Bet, which breached the local gambling advertising rules. According to the regulator, the operator actively incentivized consumers to gamble. As reported by the authority, between November 3, 2022, and February 28, 2023, Baltic Bet’s site included a message that pushed people […]
Legal
June 5, 2023
TopSport Slammed with a Fine over Underage Gambling
TopSport has once again found itself in hot water after breaching the Lithuanian regulations regarding underage gambling. As reported by iGaming Business, the operator was slammed with a fine after allowing an underage customer at one of its slot salons. The Lithuanian Gambling Supervisory Authority investigated the matter and found that the minor had entered […]
Business
May 30, 2023
Swintt and Lithuanian Operator 7Bet Sign New Content Deal
The award-winning software provider for the iGaming industry, Swintt, announced a new exclusive partnership, helping it expand its reach within the Baltic region. On Tuesday, the company revealed it forged a new alliance with the leading Lithuanian online casino platform, 7Bet. Thanks to the new collaboration, Swintt agreed to supply its fan-favorite slots for the […]