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Lithuanian Regulator Issues First Operator Fine

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Lithuanian Regulator Issues First Operator Fine
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Lithuania’s Gambling Supervisory Authority has imposed a fine of €15,000 on operator UAB Tete-a-Tete Casino for unreasonably setting betting limits on an online customer.

This is the first fine imposed by the Gambling Supervisory Authority since Lithuania’s Gambling Act introduced the power to impose economic sanctions on operators.

Following an inspection, the Authority found that the company had limited the amount of bets placed and winnings received by the player.

The inspection did not reveal any objective reasons for the operator’s decision to limit the player’s bets, the Supervisory Authority said.

The decision to issue a fine was based on Lithuania’s remote gaming regulations, which do not entitle the company to apply betting restrictions without finding a breach in regulations.

The regulator stated that the relationship between a customer and an operator may not be unreasonably uncertain, and a player therefore may not be restricted from participating in gambling without any objective grounds for the restrictions defined in the regulations.

Baltics

CT Interactive pens OlyBet distribution deal

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CT Interactive pens OlyBet distribution deal
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CT Interactive has signed an agreement to provide gaming content to the operator OlyBet.

CT Interactive`s specially selected slot titles will now be available via desktop and mobile devices to customers throughout the operator`s brands in the Baltics and CEE markets. The provider`s top-performing slots will be included in the deal: Lucky Clover, 40 Treasures, Banana Party.

Milena Tsankarksa, Head of Business Development EMEA at CT Interactive, said she was delighted to pen the deal with OlyBet, which would now allow the distribution of CT Interactive`s slots to even vaster players` base in Europe.

She added: “We’re a great fit, and we are happy to offer quality products which will increase excitement and retention rates for operators“.

„The deal is the next step in fulfilling our strategy to significantly increase our market share in Europe. Our games offer a wide variety of themes and maths models which perform equally well in every gaming environment“, commented Lachezar Petrov, CEO at CT Interactive.

Erika Padisaar Casino Managerat OlyBet said: “CT Interactive’s slot games are a great addition to our wide range of existing gaming content and will provide our customers with a new selection of high performing products“

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Baltics

Lithuania Gambling Supervisory Authority Imposes €15,000 Fine on Top Sport

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Lithuania Gambling Supervisory Authority Imposes €15,000 Fine on Top Sport
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Lithuania’s Gambling Supervisory Authority has issued operator Top Sport UAB with a fine of €15,000 for failing to properly install a digital video recording system at two of its retail betting facilities.

An investigation by the regulator found that systems placed at the two locations in Klaipėda were not recording the premises properly.

The Authority said at one of the sites the video system set up to capture images of anyone who enters the shop was not recording accurately and the images were blurred, meaning it was not possible to identify those who had visited the premises.

The regulator’s investigation also found that the recording systems at both locations failed to capture images of financial transactions and also how much money was being paid in and out at each facility.

As such, the Authority said this breached article 15 part 3 of the Gambling Law of Lithuania, which states that video recordings must clearly show people entering the betting shop, as well as the actions of gamblers and bookmakers at the location.

The Authority noted that the decision is open to appeal by Top Sport.

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Baltics

Stakelogic takes Estonia and Latvia by storm with OlyBet deal

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Stakelogic takes Estonia and Latvia by storm with OlyBet deal
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Provider’s full suite of classic slots and modern video slots have just landed in the operator’s game lobby for the first time, taking the player experience to the next level

Stakelogic, the provider of edge-of-the-seat online slot content, has landed in Estonia and Latvia after joining forces with the popular operator, OlyBet.

The partnership will see OlyBet roll out the provider’s full suite of classic slots and modern video slots to its players for the first time, allowing them to experience the high-thrills gameplay the studio has built its formidable reputation on.

OlyBet players in both markets will now be able the watch the fruit symbols drop and the big wins land in classic games such as Mighty Joker Arcade, Hot 7 Hold and Spin, Hot Joker, Ultra Joker and many more. Of course, each game has been given its own Stakelogic twist.

The deal also covers Stakelogic’s full portfolio of modern video slots, which have been topping operator game lobbies and player charts in markets around the world. This includes titles like El Cowboy Megaways, Hola Frutas and Wild Moon Saloon.

Stakelogic is a developer that sits at the cutting edge and one of its biggest hits to date has been Super Stake, a smart mechanic that allows players to effectively double their bet to increase the chance of a game’s bonus feature triggering and insane win combinations landing.

Neil Tanti, Sales Manager at Stakelogic, said: “We are thrilled to have teamed up with OlyBet and for our full suite of classic slots and video slots to now be available to its players in both Estonia and Latvia.

These are fast-growth markets where players now demand access to the best slots in the business, something that Stakelogic strives to provide with each game we release into our varied portfolio.

We look forward to seeing its players try our classic and video slots for the first time, especially those that opt to activate Stakelogic. Those that do will need to strap themselves in for the ride of their lives, that’s for sure.”

Erika Padisaar, Casino Manager at OlyBet, added: “Stakelogic is responsible for some of the hottest classic and video slots in the market right now, so we absolutely had to make its games are available to our players in Latvia and Estonia.

This is a great partnership for us and for our players, allowing them to fire up some of the most thrilling games out there. It’s deals such as this that make OlyBet the first-choice casino destination in Baltics.”

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