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Lithuania Announces New KYC Guidelines for Gaming Operators

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New Survey Reveals Support for Gambling Ad Ban in Lithuania
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Lithuanian authorities have published new know-your-customer (KYC) guidelines for gaming operators.

The Ministry of Finance’s Gambling Supervision Service said the guidelines outline the factors that gambling and lottery companies should take into account when assessing relationships and transactions to reduce the risk of involvement in money laundering and terrorist financing.

Operators must check all registrations to inspect whether a client is politically vulnerable or resident in a country deemed high-risk by the European Commission.

The guidelines state: “The company should try to get as much information as possible from the client. Such information should be collected prudently and efforts should be made to verify the information provided by the client.

“All information provided by the client must be confidential and carefully protected in accordance with the law and the company’s procedures.”

The guidelines aim to bring the gambling sector into compliance with the Prevention of Money Laundering and Terrorist Financing Act.

Baltics

Betsson Group: Two Wins at the Baltic and Scandinavian Gaming Awards 2022

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Betsson Group: Two Wins at the Baltic and Scandinavian Gaming Awards 2022
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Betsson Group have won two awards at the Baltic and Scandinavian Gaming Awards! Launched in 2019, the BSG Awards ceremony are held as part of the MARE BALTICUM Gaming Summit, the leading boutique style gambling industry conference of the Baltic and Scandinavian region.

This year’s Awards and 5th edition of the MARE BALTICUM Gaming Summit were held on 12th May in Vilnius (Lithuania). The BSG awards aims to reward the hard work of companies within iGaming that are active in the Baltic and Scandinavian region. For a fully transparent process, the final winners of each category are decided by a special voting session during the conference.

Betsson was awarded as the Best Sports Betting Operator in the Nordics 2022, while Betsafe was awarded as the Best Sports Betting Operator in the Baltics 2022.

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Baltics

Ezugi partners with OlyBet in the Baltic and EU regions

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Ezugi partners with OlyBet in the Baltic and EU regions
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Since becoming part of the Evolution Group in 2018, Ezugi has moved into new geographical markets, and continue to build its reputation as a bold and agile provider. Ezugi is delighted to announce that it has signed an exciting new agreement with OlyBet, the number one online gaming and sports betting brand in the Baltic States. This new partnership will not only see Ezugi providing Live Casino services in Latvia and EU markets, but also strengthening its footprint in Estonia and Lithuania.

OlyBet is the number one sports betting, online games and gambling brand in the Baltic States and has grown into a leading entertainment platform in Europe – predominantly in Estonia, Latvia and Lithuania. OlyBet creates content and offers entertainment through different platforms such as sports betting, esports, casino games and poker – all available in retail locations as well as online environments.

Ezugi ensures that players have immersive and realistic gaming experience, where integrity, sustainability, and fairness of the game is put to the higher standards. OlyBet players will be able to enjoy a wide and exciting variety of games – such as Andar Bahar, Casino Hold’em, Sic Bo, 32 Cards, Lucky 7 and several Baccarat variations – streamed live from Ezugi’s state-of-the-art studios.

Tomas Graham, Chief Performance Officer at OlyBet, said: “It’s important for OlyBet to provide the best choice of games and products and for us to continuously review and improve our game portfolio. This partnership with Ezugi helps us to provide our loyal customers with lots of new and exciting games and helps us to solidify our position as the number one multi-channel gaming operator across the Baltics.”

Pang Goh, Business Development Director at Ezugi, commented: “We are thrilled to start this new journey with OlyBet and are looking forward to the benefits that this partnership will bring. Not only will this agreement bring new and exciting experiences to the players in the Baltics and the EU, but it also strengthens our own position in these countries. Players are going to love this outstanding live gaming experience, along with a variety of new features and we look forward to seeing what the future holds.”

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Baltics

Sveiki! 1X2 Network makes Lithuania debut

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Sveiki! 1X2 Network makes Lithuania debut
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Slots from the developer’s 1X2gaming and Iron Dog Studio subsidiaries launch with Uniclubcasino

1X2 Network, the award-winning online casino content provider and game aggregator, continues to deploy its ambitious international expansion plans after making its debut in Lithuania with popular operator, Uniclubcasino.

The deal will see Uniclubcasino players gain access to chart-topping slots from the developer’s 1X2gaming and Iron Dog Studio subsidiaries including Megaways™ titles such as Rainbow Wilds Megaways™, 1 Million Megaways™ BC and Megaways™ Jack.

Players will also be able to enjoy the thrilling experience offered by other slots in the 1X2 Network portfolio including Jester Wilds, Book of Ba’al and Smoking Hot Fuits. Each slot delivers edge of the seat gameplay with plenty of big win potential.

1X2 Network’s full suite of modern video slots and classic slots will be made available to all operators targeting the regulated Lithuanian market where the provider believes its titles will be a big hit with players.

1X2 Network has significantly expanded its geographical reach over the last year having obtained certifications in markets such as the Netherlands and Denmark. The developer is also live is jurisdictions including the UK, Isle of Man, Malta, Gibraltar, Sweden, Spain, Italy, Colombia, Greece and Germany.

Kevin Reid, CEO at 1X2 Network, said: “We are excited by the opportunities on the table in Lithuania and believe our suite of slots will not only meet but exceed player expectations in the market.

“We are also thrilled to have made our debut with Uniclubcasino, one of the leading brands in the country. The addition of our games will allow the operator to deliver more quality and variety than before, and we look forward to seeing its players enjoy the entertaining experience they deliver.

“This includes our recently launched Bonus Upgrader feature that allows players to select which of the game’s bonus features they wish to buy and then play it at the level that suits them.”

Martynas Matulevičius, CEO at Uniclub.lt, said: “1X2 Network is responsible for some of the hottest slots in the market right now and we are delighted to be able to offer them exclusively to our players for the first time.

“It is partnerships such as this that have allowed us to emerge as a leader in the Lithuanian market and we look forward to cementing that position by continuing to offer our players content from the best developers in the business such as 1X2 Network.”

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