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
NetEnt’s games have gone live in the regulated Lithuanian market for the first time.
Marius Jurgilas from the board of the Bank of Lithuania said that he would not like the participation of Russian investors in ICO projects of the country.
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.
The government of Lithuania has tightened its gambling control this week after the country’s parliament passed legislation to expand restrictions. The new measures were unanimously approved and will serve as amendments to the Law on Gaming. The changes will require all existing land casino machines to connect into an electronic control system that will allow […]
Since 2013, one new casino has opened its doors in Lithuania, boosting the total number of properties up to 18. As a result, total casino revenues have continued to grow in the Baltic state, up nearly seven percent in two years, raising the total to €31m.