The Lithuanian online gambling market grew 42% in the first half of 2019. H1 revenues hit €17.5m, up from €12.3m in the same period last year. The growth was primarily driven by online sports betting, as revenues reached €10.4m, increasing from €8.1m in H1 2018. Online casino revenue was also up from €3.8m to €6.4m […]
Lithuanian Antanas Guoga (better known as Tony G in the poker world) was the best in the High Roller Tournament in Rozvadov and earned 240,000 euros. The popular Triton Poker High Roller Tournament Series has moved from London to Rozvadov. The tournament had 21 buy-ins, and Tony received almost 240,000 euros for the victory. The […]
Since late last week Enlabs offers online betting for the Lithuanian market on Optibet, the Baltics leading gaming brand. In October 2018, the Optibet brand was launched in Lithuania with a strategic decision to position itself as the largest online casino in the market. Optibet already offers the largest range of casino games and promotions […]
Matching Visions have opened their doors in Lithuania, with a new office being situated there. With other offices being situated in Malta and Denmark already being active. The decision has come from the company hiring a number of Lithuanian employees, resulting in a growth at a fast rate. Running the office in Lithuania, will be […]
Gaming and gambling software company Kindred Group has been accused of violating the gambling laws in Lithuania. The country’s Gaming Control Authority (GCA) has said that the operator is “openly and blatantly” disregarding the gambling laws. The gambling regulator has already blocked the company’s Unibet and Trannel brands for offering gambling products and services to
Olympic Casino Group Baltija, the Lithuanian subsidiary of Estonia’s Olympic Entertainment Group, the Baltics’ largest gaming operator, has been slapped with a fine of 495,000 euros, local Delfi.lt reported with the link to BNS. The Lithuanian Gaming Control Authority imposed the fine for serious violations of the Law on the Prevention of Money Laundering and
Lotteries and gambling are subject to the lottery and gambling tax.Taxpayers are legal persons organising lotteries in accordance with the Law on Lotteries and organising gambling in accordance with the Law on Gambling.
On November 28, at the initiative of the State Tax Inspectorate at the Ministry of Finance in Lithuania, the national receipt lottery was launched for the first time. The lottery is primarily aimed at combating the shadow economy and making residents aware of the important role they play in fair trade.
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