Baltics
Mare Balticum Gaming Summit 2018, the right time to address the industry in the Baltic and Scandinavian region
The inaugural edition of Mare Balticum (Baltic Sea) Gaming Summit Riga will be held on the 8th of May at Astor Riga in Latvia.
The Baltic and Scandinavian region provide a great wealth of knowledge when it comes to online gambling. The regulations in the region have been carefully adjusted and the current status of the markets show good investment potential. The region is known to adapt quickly to changes and it’s flexible towards involving digital innovations. This is why the Baltic and Scandinavian region is good adopter of quality measurements that insure the online and land based gambling co-exist.
Focus on Latvia
With the recent changes in the licensing fee which came after Latvia’s parliament announced that the license fee for live casino services in the country will now be set at €400,000 ($475,900) per year.
Previously, a variable fee of €11,700 per live casino table per year had been up for discussion, but has now seemingly been discarded in favor of an overall fee.
The fee will be implemented from January 1 and apply to all operators that wish to offer live casino in Latvia.
Sweden
Gaming industry in Sweden will face new legislative conditions, once the draft is approved by the government.
A new framework for the gaming industry in Sweden has been introduced and it could soon end the iGaming monopoly under the control of Svenska Spel. The updated legislation could take effect by 2019 modifying the current regime, although legislators are set to carry out further debates on the issue.
The state-owned gambling operator Svenska Spel accounted 40 percent of the entire market in the first nine months of 2016, and generated more than US$1.7 billion in revenue in the third quarter, 5 percent higher than the previous year. Now the company may share the Swedish market with local and international online gaming operators, as the government would approve the new legislative draft.
Sweden is in the process of revamping its gambling market, which will not only see the likely privatization of Svenska Spel but also the end of its de facto online gambling monopoly. While the new regime won’t take effect until well after next September’s national elections, Lotteriinspektionen has invited would-be online licensees to submit applications for licensure as of July 2018.
Focus on Denmark
Morten Ronde, CEO of the Danish Online Gambling Association (DOGA) and speaker of the Summit, stated earlier in an online interview that when it comes to the Danish gambling market: “The numbers speak for themselves. When the numbers for the online gambling market in Denmark are shown to regulators in other European countries they attract a lot of attention. There is still interest in various European jurisdictions in adopting DK-style regulation.”
The event will also focus on bringing high quality content about the opportunities in Estonia, Lithuania and will also discuss the latest innovations in the technology area of the industry.
The inaugural event will give a good opportunity for international gaming operators and vendors to touch base with the regulators that will be present at the event. The intention and mission of the event is to bring together industry professionals and regulators for the Baltic and Scandinavian region in order to discuss the future of the industry of the region.
Delegate pass price breakdown:
- Early Bird Rate (50% Off): 199 EUR – Sales end on April 20, 2018
- Combo – Early Bird Rate + 2 nights accommodation (60% Off): 449 EUR – Sales end on April 20, 2018
- Advance Rate (40% Off): 238.80 EUR – Sales end on May 4, 2018
- Combo – Advance Rate + 2 nights accommodation (40% Off): 499 EUR – Sales end on May 4, 2018
- Regular Rate (no discount): 398 EUR – Sales end on May 8, 2018
Visit the official website for more details about speakers and agenda: www.marebalticumgaming.com
Baltics
CT Interactive has concluded a key deal with Twinsbet.lt
CT Interactive has concluded a key deal with Twinsbet.lt, marking a significant milestone in its strategic expansion across the Baltic region. The deal, primarily focused on the Lithuanian market, signifies CT Interactive’s commitment to enhancing its footprint in Estonia, Lithuania, and Latvia.
Milena Tsankarska, CCO at CT Interactive, expressed her confidence about the collaboration, stating: “We are thrilled to partner with Twinsbet.lt, a reputable player in the market. This strategic alliance aligns perfectly with our mission to deliver cutting-edge gaming experiences to players across the Baltics.”
Antonio Donov, Business Development Manager EMEA at CT Interactive, said: “Twinsbet.lt’s dedication to providing top-quality gaming services resonates with our own values. This collaboration opens up new avenues for growth and innovation, allowing us to cater to the diverse preferences of players in the region”.
Through this deal, games like Chili Fruits, Coffee Magic, Pot-o-Luck, 40 Treasures, Lucky Clover and more will become available at Twinsbet.lt.
“This collaboration with CT Interactive underscores our commitment to delivering unique gaming experiences to our customers. By leveraging CT Interactive’s expertise and innovative solutions, we are confident in our ability to elevate the gaming landscape in Lithuania and beyond”, commented a Gunnar Vilk COO of Twinsbet.lt.
Baltics
MARE BALTICUM Gaming & TECH Summit Announces Final Agenda for 2024 Event
HIPTHER, the premier event organizer in the iGaming and Technology sectors, is thrilled to unveil the final agenda of the highly anticipated MARE BALTICUM Gaming & TECH Summit, packed with expert-led sessions and significant networking opportunities. Scheduled for June 4-5, 2024, at the Hilton Tallinn Park, this annual event serves as the leading platform for learning and networking in the Baltic and Nordic regions. Hosted yearly in a Baltic capital, it attracts top professionals from the iGaming, blockchain, fintech, and artificial intelligence communities.
This year’s event promises to foster groundbreaking discussions and provide actionable insights across several dynamic sectors. The summit will feature an impressive lineup of topics, including “Regulatory Evolution in iGaming: Adapting to the Baltic and Nordic Standards,” “Global Stakes: Navigating iGaming Regulation in Serbia, the USA, Spain, and Austria” and “Financial Evolution: Merging Traditions with Fintech and Blockchain Innovations.”
The MARE BALTICUM Gaming & TECH Summit serves as the main hub for industry leaders to connect, share ideas, and explore new partnerships. The summit’s strategic location rotates among the capitals of the Baltic states, underscoring its importance and central role in shaping the tech and gaming landscapes in the region.
Zoltan Tuendik, Co-Founder and Head of Business at HIPTHER, stated, “We are proud to host another edition of the MARE BALTICUM Gaming & TECH Summit. Each year, we strive to surpass the expectations of our attendees, providing them with invaluable insights and networking opportunities that are second to none. This year’s agenda is especially significant, tackling some of the most pressing issues facing the industries of our focus.”
Highlights of the summit include:
- Expert panels discussing the integration of new regulatory frameworks and technological innovations.
- Networking opportunities with industry leaders and policymakers.
- Interactive workshops designed to provide hands-on experience in dealing with current challenges and leveraging emerging opportunities.
In addition to the comprehensive conference sessions, the summit will host several networking events, including welcome drinks and exclusive evening parties, offering attendees the chance to form lasting connections with peers and industry leaders.
Professionals from across the globe are invited to join this landmark event to gain deeper insights into the future of these rapidly evolving industries and to network with fellow experts in a collaborative setting.
For more information and to register for the MARE BALTICUM Gaming & TECH Summit, please visit https://hipther.com/events/tallinn/
Baltics
New Survey Reveals 80% of Lithuanians Would Welcome a Ban on Gambling Ads
Eight out of 10 Lithuanians would approve of a ban on gambling ads in the country, a new survey revealed.
The survey commissioned by public broadcaster LRT was carried out by the public opinion and market research company Baltijos tyrimai. It showed that 80% of respondents aged 18 years and over are in favour of a complete ban on gambling ads in Lithuania and just 15% would oppose the move.
It has transpired that approval of the gambling ad ban was greater among women than men – 86% against 72% respectively. The move has also wide support among residents aged over 50 (84%) and by people with greater than secondary education and with monthly household income of up to EUR 1100 (85%). Opponents of the ban often include men (21%), young people under 30 years of age (23%), rural residents (18%) and people with unfinished secondary education (30%). 1115 adult residents of Lithuania were polled on 15-25 March.
In mid-March, parliament began to consider amendments to the law on gambling, which, if adopted, would prohibit gambling advertisements as of 1 January 2025.
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