Tag Archives: Lithuania

Martin Lycka – April lockdown can never be forgotten

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 introduces warnings on all gambling ads

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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Estonia & Latvia growth offsets Olympic Entertainment closures in Poland & Belarus

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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FIFA alerted to suspicious betting patterns in World Cup qualifier

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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Core market gains see Olympic Entertainment post 21% group revenue uplift

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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BetConstruct adds MrSlotty content to Spring Platform

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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Genius Sports extends global reach with trio of office openings

Following a period of commercial growth, sports data and media rights distributor Genius Sports has announced that it will open support offices in Los Angeles (USA), Medellin (Colombia) and Vilnius (Lithuania). Confirming its new international offices, Genius Sports governance stated that its investment would help grow the firm’s presence in over a dozen countries worldwide. Choosing its locations for international …

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Betsson boosts Baltic arm with TonyBet Lithuania acquisition

Stockholm-listed Betsson AB has confirmed that it has entered a binding agreement to acquire Lithuanian betting operator Lošimų Strateginė Grupė, holding company of betting brand TonyBet’s Lithuanian business. Updating the market, Betsson governance detailed that it had acquired Tonybet Lithuanian assets for an initial consideration of €4 million, representing a 3.6x multiple on the acquired firms 2016 to-date EBIT of …

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TonyBet pushes into Lithuania with NYX OGS

Online operator TonyBet has turned to technology supplier NYX Gaming Group to launch its NYX Open Gaming System (OGS) to service the regulated markets in Lithuania, Estonia, Denmark and UK. This is the first operator launch for NYX Gaming Group in the regulated market of Lithuania which gives NYX the ability to deliver its portfolio of slots and table game titles …

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Tonybet – Nigel Farage turned down Tony’s €1 million charity bet

European bookmaker Tonybet has revealed that UKIP leader Nigel Farage did not accept Antanas Guoga’s (Tony Guoga) €1 million charity bet on Britain remaining in the European Union. The €1 million bet personally wagered by Guoga, would have capped off a victorious night for Farage as the ‘Leave’ camp won a nail-biting EU Referendum taking 52% of the votes. Guoga the …

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