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Lithuania’s Online Gaming Growth Fails to Offset Land-based Decline in 2020

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Lithuania’s regulated gambling market saw revenue decline in 2020, despite a 47.1% jump in online gaming revenue mitigating much of the country’s land-based struggles.

Total revenue across all verticals and channels declined 8.1% year-on-year to €103.5m, with the online advances accompanied by a 39.1% drop in land-based revenue to €43.9m.

With customers confined to their homes between March and May as a result of the novel coronavirus (Covid-19) pandemic, igaming participating grew sharply. Total customer spends surpassed $1bn, a 64.3% year-on-year increase, while total revenue grew to €59.6m.

Category A slots were the primary source of online revenue, after the product’s total almost doubled year-on-year to €29.4m.

Despite major sporting events being suspended between March and mid-May as a result of Covid-19, sports betting contributed the second-largest share of any vertical. Betting revenue was up 10.5% to €26.5m, on stakes of €444.1m, a 5.2% improvement on 2019.

Online table game revenue soared, albeit from a low base, to €1.9m, while revenue from Category B slots was up 47.4% to €1.2m.

After Covid-19 pandemic forced in-person facilities to shut their doors from 16 March to 17 May, Lithuania’s land-based market struggled, however.

Customer stakes across all products fell 39.5% below the prior year’s total, to €288.6m.

Category B slots – which limit stakes to €0.50 per spin and have win amounts capped at 200 times the original stake – made up the majority of revenue for the year, at €20.3m, down 37.9%

Table games followed, though again revenue fell, to €10.2m. Category A slot revenue – with uncapped stakes and winnings – dropped 36.1% to €7.8m.

Retail sports betting’s contribution, meanwhile was almost halved, to €5.7m. Not only did the sector face the Covid-19 shutdown, but also saw most major sporting events suspended as a result of the pandemic.

The country’s national lottery Olifėja also reported a year-on-year decline in revenue for 2020. Ticket sales fell 6.7% to €106.3m, and after payouts to players, this left revenue of €46.9m, down 5.9%.

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Digitain Named Best Sportsbook Provider at HIPTHER Baltic & Nordics Gaming Awards 2026

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Digitain has been recognised as Best Sportsbook Provider at the HIPTHER Baltic & Nordics Gaming Awards 2026, showcasing its continued commitment to delivering high-performance sportsbook technology for operators across regulated markets.

The HIPTHER Baltic & Nordics Gaming Awards celebrate the operators, suppliers, technology innovators and industry leaders shaping the gaming ecosystem across the Baltic and Nordic regions. Receiving this award reflects Digitain’s ongoing investment in product innovation, trading excellence and technology designed to support long-term operator success.

Digitain’s sportsbook combines proprietary trading, advanced risk management, flexible localisation and scalable infrastructure, enabling operators to deliver competitive betting experiences across diverse markets.

This recognition is shared with the operators who trust Digitain to power their businesses and with the teams across a company whose expertise continues to drive innovation across every product and market.

As Digitain continues to expand its global presence, their mission remains unchanged: empowering ambitious operators with technology built for performance, partnership, and sustainable growth.

The post Digitain Named Best Sportsbook Provider at HIPTHER Baltic & Nordics Gaming Awards 2026 appeared first on EE Gaming | Global iGaming & Tech Intelligence Hub.

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Comtrade Gaming Announces Strategic Partnership with 7bet

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Comtrade Gaming, a leading iGaming platform provider delivering enterprise‑level technology for operators worldwide, announced a strategic partnership with 7bet to support the operator’s continued growth across Northern and Eastern Europe.

Under the agreement, 7bet will deploy Comtrade Gaming’s advanced iGaming platform to launch operations in Latvia and Estonia, as well as enter the newly regulated Finnish market upon its opening.

The partnership marks a significant milestone for both companies, combining 7bet’s strong regional presence with Comtrade Gaming’s proven platform capabilities, designed to deliver flexibility, compliance and high-performance player experiences.

Steven Valentine, Chief Commercial Officer at Comtrade Gaming, said: “We are delighted to partner with 7bet at such an exciting stage of their growth journey. This agreement reflects the strength and scalability of our iGaming platform, particularly in regulated and soon-to-regulate markets such as Finland. Supporting 7bet’s expansion across Latvia, Estonia, and Finland, highlights our ability to deliver seamless multi-market solutions for established operators who want to expand. We look forward to a long and successful collaboration.”

Justinas Sliazas, CEO of 7bet, said: “Partnering with Comtrade Gaming is a key step in our strategy to expand and strengthen our presence across regulated European markets. Their technology provides the flexibility and reliability we need to scale efficiently while maintaining a high-quality player experience. We are particularly excited about the opportunities in Finland and confident that this partnership positions us strongly for future growth.”

The collaboration underscores Comtrade Gaming’s continued momentum in regulated markets and reinforces its position as a trusted partner for ambitious operators seeking scalable, compliant and future-ready iGaming solutions.

The post Comtrade Gaming Announces Strategic Partnership with 7bet appeared first on EE Gaming | Global iGaming & Tech Intelligence Hub.

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HIPTHER Baltics 2026 Concludes Landmark Three-City Series, Bringing Together 430 Industry Leaders

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HIPTHER proudly concludes the inaugural edition of its expanded HIPTHER Baltics 2026 conference series, successfully bringing together a total of 430 participants across three dedicated events in Vilnius, Riga, and Tallinn.

Building on the legacy of the MARE BALTICUM Gaming & TECH Summit and introducing a new, country-focused format, HIPTHER Baltics 2026 delivered three high-impact conferences designed around the most pressing regulatory, technological, and business developments shaping the Baltic and Nordic regions. The series focused on creating meaningful dialogue between regulators, operators, fintech leaders, technology innovators, legal experts, investors, and compliance professionals.

The 2026 edition featured:

  • HIPTHER Baltics: Vilnius – iGaming Regulation & Fintech Integration
  • HIPTHER Baltics: Riga – Cross-Border Compliance & Player Protection
  • HIPTHER Baltics & Nordics: Tallinn – Digital Governance & Startup Innovation

Vilnius: Exploring Lithuania’s Regulatory Transformation

The series launched on 21 April in Vilnius, where discussions focused on Lithuania’s evolving regulatory landscape and the increasing convergence of fintech, payments, blockchain, and iGaming.

Industry leaders examined topics including MiCA implementation, AML requirements, digital assets, banking transformation, tokenisation, AI adoption in financial services, next-generation payments, and the growing role of compliance in sustainable business growth. The event marked the beginning of a new chapter for Baltic-focused industry conversations and set the tone for the months ahead.

Riga: Regulation, Risk and Growth in a Changing Market

On 11 May, HIPTHER Baltics arrived in Riga, bringing together experts from gaming, fintech, legal, compliance, and technology sectors for a day dedicated to practical business realities.

Key conversations addressed responsible gaming, player protection, AML implementation, fraud prevention, AI in supervision and taxation, payments innovation, cross-border licensing, data protection, affiliate marketing, and the transition from traditional SEO to AI-powered discoverability. The Riga edition highlighted how businesses can remain compliant while continuing to innovate and grow in increasingly regulated environments.

Tallinn: Digital Governance Meets Innovation

The series concluded on 2 June in Tallinn, one of Europe’s most digitally advanced capitals.

The event explored the intersection of digital governance, startup ecosystems, digital identity, compliance, investment, fintech innovation, and iGaming. Discussions ranged from eIDAS 2.0 and trusted digital onboarding to sustainable player acquisition, operational partnerships, AI-powered business growth, and the future of digital societies.

Tallinn also hosted the HIPTHER Baltic & Nordics Gaming Awards 2026, celebrating excellence across operators, suppliers, technology providers, and industry leaders from the Baltic and Nordic regions.

Beyond Conferences: Building a Regional Community

Throughout all three events, participants benefited from curated networking opportunities and practical learning sessions through the HIPTHER Academy, HIPTHER’s educational platform focused on delivering hands-on skills, professional development, and industry certifications.

The combination of boutique-format events, high-level content, and meaningful networking once again demonstrated why the Baltics continue to attract increasing attention as a hub for innovation, regulation, and cross-border collaboration.

Looking Ahead – HIPTHER Baltics 2027

Reflecting on the success of the series, Zoltan Tündik, Co-Founder and Head of Business at HIPTHER, commented: “We are incredibly proud of what we achieved across the Baltics in 2026, but this is only the beginning. The success of the three-city series has provided us with valuable insights, feedback, and inspiration that we are already incorporating into the planning of HIPTHER Baltics 2027. The Baltics have a unique energy when it comes to business events, innovation, and networking, and we are excited to continue growing alongside this vibrant community. Our commitment remains the same: delivering meaningful conversations, practical learning opportunities, and exceptional networking experiences that bring together the region’s most influential stakeholders.

After the successful completion of HIPTHER Baltics 2026 and the overwhelmingly positive feedback received from participants, the #hipthers team is already working on an exciting and enhanced next edition.

With the HIPTHER Warsaw Summit set to take place on 27–28 October 2026 and an ambitious roadmap for 2027–2030 already taking shape, HIPTHER continues its mission of connecting industries, markets, and ideas through premium learning, meaningful networking, and cross-border collaboration across Europe.

About HIPTHER

HIPTHER is a media hub and events organizer serving the Gaming and Technology industries, including Fintech, Blockchain, Crypto, AI, Cybersecurity, Compliance, and Digital Innovation. Through its conferences, media platforms, awards programs, and community initiatives, HIPTHER connects decision-makers, innovators, regulators, and business leaders across Europe and beyond.

The post HIPTHER Baltics 2026 Concludes Landmark Three-City Series, Bringing Together 430 Industry Leaders appeared first on EE Gaming | Global iGaming & Tech Intelligence Hub.

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