Connect with us

Baltics

Baltic regulators panel discussion and round table confirmed at MARE BALTICUM Gaming Summit (Tallinn, Estonia)

Published

on

Reading Time: 3 minutes

 

Baltic regulators gather this August in Tallinn at the 3rd edition of the MARE BALTICUM Gaming Summit (live conference).

 

The Baltic online and land-based gambling industry has been hit hard by the COVID-19 lockdowns and tax revenues of the Baltic states have fallen drastically during the first semester of 2020.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

In Estonia, the restrictions imposed due to coronavirus are having a significant impact on gambling tax receipts, to the extent they are paralyzing many activities, including those related to social welfare, financed by the tax and under the auspices of the Ministry of Social Affairs, the ministry says.

Lithuania’s gambling revenue for Q1 2020 has fallen 2.8% year-on-year to €25.9m, with an increased online contribution not enough to offset land-based declines caused by Covid-19.

Despite the decline in revenue, turnover across all licensees was up 13.8% to €296.5m in the three months to March 31. This was due to a significant jump in the contribution from online betting and gaming, which climbed 54.2% to €201.2m, meaning the channel accounted for 67.9% of market turnover in Q1. With Lithuania’s land-based venues closed from 16 March, turnover for the channel was down 20.8% to €94.3m.

The Latvian parliament (Saeima) has passed a bill on June 5 that effectively allows the return of gaming. Under the bill, both online and land-based gaming operations can return to business. As a result, the gambling industry in Latvia is planning to return as of June 9.

All gaming operations in Latvia were banned after a bill introduced on March 22. This was a direct result of the country’s government aiming at reducing the spread of coronavirus (COVID-19). Back in April, the Latvian government updated the bill, effectively banning online gaming with an instant effect.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

At the live edition of MARE BALTICUM Gaming Summit that will be held on the 6th of August in Tallinn at Radisson Blu Hotel Olümpia Tallinn, the Baltic regulators are joining a unique panel discussion and round table discussion to bring the latest information about the outcome of the lockdowns, but also to discuss together with the industry the way forward.

The panel discussion will be moderated by the MARE BALTICUM Gaming Summit Ambassador, Andrius Gabnys (Attorney At Law – Gabnys Law Firm) and will be joined by Sören Meius (Estonian Ministry of Finance), Lolita Sumskaite (Ministry of Finance Lithuania) and Signe Birne (Director of Lotteries and Gambling Supervisory Inspection of the Republic of Latvia). More names from the Baltic regulatory bodies will be added in the upcoming weeks.

Make sure to book as fast as possible as the seating is limited! You can choose one of the packages that include either delegate pass or delegate pass and accommodation combo (VIP Package)!

As mentioned in earlier press releases, the conference is going ahead as planned and based on official sources, Estonia has allowed from June 1 for citizens from EU and EEA countries with a slow current spread of COVID-19 to enter the country without the requirement of a 14-day self-isolation period.

You can consult the list that is updated weekly on the following link.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

As in earlier years, the conference will also feature the next edition of the Baltic and Scandinavian Gaming Awards (BSG Awards). Read more here…

MARE BALTICUM – The Baltic and Scandinavian Gaming Summit will once again bring together the leading companies in the Baltic and Scandinavian region for a full day of quality learning and networking with local regulators and industry experts.

You can find more details about the Agenda here or you can register here!

Browse the official event website here: www.marebalticumgaming.com

You can view the photo gallery from the inaugural event on the following link.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

Browse the video archives of the panel discussions which were recorded on the 7th of May at the virtual edition of the conference.

For further inquiries about the 2020 live edition of MBGS and BSG Awards (6 August – Tallinn, Estonia), speaking/attending/sponsoring options, make sure to send an e-mail to Andrada Bota (B2B Sales Executive at Hipther Agency) or subscribe to the weekly newsletter on the following link.

Visit www.marebalticumgaming.com for more details!

For media-related inquiries, please contact Alexandru Marginean (Marketing Specialist at Hipther Agency).

Powered by WPeMatico

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)
Continue Reading
Advertisement

Baltics

CT Interactive Expands its Certified Game Portfolio in Latvia

Published

on

ct-interactive-expands-its-certified-game-portfolio-in-latvia
Reading Time: < 1 minute

 

CT Interactive has expanded its international footprint in Latvia with 60 newly certified games and a three-level jackpot tailored for the regulated iGaming market. This achievement underscores the company’s commitment to providing high-quality, engaging content.

“The certification in Latvia is an important step in our ongoing European expansion. We’re proud to introduce a diverse portfolio of games to this regulated market and to further strengthen our presence in the Baltic region,” said Martin Ivanov, COO at CT Interactive.

The newly certified portfolio includes 60 games, featuring top-performing titles that are part of CT Interactive’s three-level jackpot system — Hot Luck. Built on the principles of surprise and inclusivity, this jackpot system delivers a dynamic and rewarding experience for players of all types.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

The Hot Luck Jackpot boosts player engagement with its three-level random rewards, making gameplay more exciting and unpredictable. Players can now enjoy popular titles like Win Storm, Wild Clover and Hot 7’s x2 with added thrill thanks to the Hot Luck Jackpot. These games have proven successful across multiple markets and maintain a loyal player base.

The portfolio also features new titles from CT Interactive’s Buy Bonus product line, based on popular games like Duck of Luck, Fruits & Sweets, Doctor Winstein and Nanook the White Ghost. These upgraded versions include one- or three-level Buy Bonus features for even more dynamic gameplay.

The post CT Interactive Expands its Certified Game Portfolio in Latvia appeared first on European Gaming Industry News.

Continue Reading

Baltics

All Gambling Halls in Riga Threatened with Closure – Industry Raises Alarm

Published

on

all-gambling-halls-in-riga-threatened-with-closure-–-industry-raises-alarm
Reading Time: 3 minutes

 

Following applications by three companies, the Constitutional Court (CC) has initiated a case concerning restrictions on gambling operations in Riga, the court announced.

This is not the first time the issue of gambling regulation in Riga has reached the CC. Just last year, the court ruled in another case that a blanket ban on gambling across the entire administrative territory of Riga was unconstitutional. Afterwards, the city council promised to propose a new mechanism for restricting gambling. That mechanism is now also under review by the court.

The new case was initiated on the basis of applications by SIA Alfor, SIA Klondaika and SIA Olympic Casino Latvia regarding sections 2 and 3 of the Riga City Council’s binding regulations “On Restrictions of Gambling Operations in the Administrative Territory of Riga” adopted on the 26th of March.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

The contested provisions define the places and areas in Riga where gambling is not allowed, as well as the municipality’s actions in cases where permits have already been issued for locations where gambling is now prohibited.

Gambling is prohibited in municipal-owned properties, neighbourhood centres, educational institution premises and within 300 meters of them, as well as in railway stations, bus stations, airports and passenger ports, within 500 meters of such transport hubs and within 300 meters of other public transport stops. Restrictions also apply to certain functional zones, cultural monuments and protected areas defined in Riga’s spatial plan. However, the restrictions do not apply to four- and five-star hotels.

In addition, the contested provisions stipulate the cancellation of previously issued permits if gambling takes place in prohibited areas, and that any issued permit automatically expires five years after the relevant Riga City Council decision comes into force.

The applicant companies, which hold permits to operate gambling halls in Riga, argue that although the contested rules define specific places and areas where gambling is prohibited, in practice they amount to a blanket ban on such business throughout the city.

They argue that the restrictions limit business activity and property rights, and violate the principles of legal certainty and legitimate expectations. Therefore, they claim the rules are inconsistent with Articles 1 and 105 of the Constitution.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

Article 1 states that Latvia is an independent democratic republic. Article 105 provides that everyone has the right to property, that property must not be used against the public interest and that property rights may only be restricted by law.

The Constitutional Court has invited the Riga City Council to submit a written response by the 27th of October, outlining the facts and legal reasoning. The case preparation deadline is the 27th of January, 2026. The court will decide on the type and date of proceedings after preparation.

As previously reported by LETA, the new gambling restriction rules in Riga entered into force on the 1st of April.

A five-year transition period is provided for the cancellation of previously issued permits.

After adopting the rules, municipal officials admitted that all currently known gambling halls are located in areas where gambling will be banned, meaning the new regulations foresee the closure of all existing gambling halls in Riga.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

At the same time, the municipality emphasized that the restrictions do not cover the entire city and do not affect operators’ rights to open or expand gambling facilities in four- and five-star hotels.

The council also claimed that the rules were developed based on Constitutional Court recommendations and the results of public consultations held in February this year.

The Latvian Licensed Gambling Association had already announced in the spring that it would most likely challenge the new restrictions in the Constitutional Court, arguing that they are “neither proportionate nor lawful.”

Source: bnn-news.com

The post All Gambling Halls in Riga Threatened with Closure – Industry Raises Alarm appeared first on European Gaming Industry News.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)
Continue Reading

Baltics

Lithuanian Basketball League Becomes Betsson-LKL from 2025

Published

on

lithuanian-basketball-league-becomes-betsson-lkl-from-2025
Reading Time: < 1 minute

 

Betsson Group has announced that from the 2025-26 season, Lithuania’s premier basketball league will be officially known as Betsson-LKL.

This marks a new phase in Betsson’s long-standing partnership with the Lithuanian Basketball League (LKL). Since 2017, the Betsafe brand has served as the league’s title sponsor, supporting the continued development of professional basketball in the country. Earlier this year, Betsafe in Lithuania was rebranded to Betsson.

A refreshed visual identity for the league has also been unveiled, marking the beginning of this new chapter.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

“This step allows us to further strengthen our position in the market, offer customers the benefits of our technology platform, and continue upholding high standards of responsible gaming,” said Aurimas Šilys, Head of Betsson Lithuania.

“We are grateful for a partnership that goes beyond branding. Our work with Betsson Group is rooted in a shared vision – to develop a top-tier basketball league in Lithuania that inspires fans and players alike,” said Rasa Liuimienė, General Director of the LKL.

The upcoming Betsson-LKL season will officially commence in autumn 2025.

The post Lithuanian Basketball League Becomes Betsson-LKL from 2025 appeared first on European Gaming Industry News.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)
Continue Reading

Trending

Get it on Google Play

Fresh slot games releases by the top brands of the industry. We provide you with the latest news straight from the entertainment industries.

The platform also hosts industry-relevant webinars, and provides detailed reports, making it a one-stop resource for anyone seeking information about operators, suppliers, regulators, and professional services in the European gaming market. The portal's primary goal is to keep its extensive reader base updated on the latest happenings, trends, and developments within the gaming and gambling sector, with an emphasis on the European market while also covering pertinent global news. It's an indispensable resource for gaming professionals, operators, and enthusiasts alike.

Contact us: [email protected]

Editorial / PR Submissions: [email protected]

Copyright © 2015 - 2024 - Recent Slot Releases is part of HIPTHER Agency. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania