Baltics
Enlabs Signs Sponsorship Agreement with Lithuanian Football Federation
Enlabs has signed a sponsorship agreement with the Lithuanian Football Federation (LFF). Enlabs’ Optibet becomes the main sponsor of the Lithuanian women’s and men’s national team. The agreement gives great exposure to Optibet and at the same time contributes to the development of Lithuanian football.
“It feels very good that we are increasing Optibet’s exposure in Lithuania and showing that we are serious about our goal of becoming the market leader. Basketball and football is the two biggest sports in Lithuania, making this agreement one of the most desirable in the country. The timing of the agreement could hardly be better as we are in full swing of marketing our recently launched betting product at the same time as the men’s team will soon gather for the UEFA European Championship Qualifying. Our strategy of being closely associated with sports is now being extended to Lithuania and we can proudly say that we have some of the absolute largest sponsorship agreements in the Baltics, thus we have broad and qualitative brand exposure in the region,” Robert Andersson, President and CEO of Enlabs said.
SYNOT Games has signed a deal with 11.lv, the leading online casino in Latvia. As per the deal, the customers of 11.lv can play SYNOT Games’ hot and infernal Hell Mania, classic fruity slot Respin Joker and many more.
“We are excited to expand our portfolio in the Baltic area and bring our games through such a strong partner as 11.lv on this market,” Ivan Kodaj, CEO of SYNOT Games said.
“We are very pleased to release SYNOT Games content to our customers. We believe in providing our players with the biggest possible choice of Latvia certified casino content and letting them choose what games they prefer. We are confident that SYNOT Games will quickly acquire their place in our customers’ list of preferences. We have seen content with land-based presence in the market gaining online traction quite fast,” Janis Tregers, CEO and Founder of 11.lv said.
Latvia’s Cabinet of Ministers has supported the Finance Ministry’s proposed Law amendments on Lotteries and Gambling Fee and Tax, providing for an increase in gambling tax next year.
The existing tax for gambling machines is EUR 4164. In 2020, it will be EUR 6000. The law amendments will also increase the gambling tax rate for roulette, cards and dice games from EUR 23400 to EUR 28080.
It is also planned to change gambling tax revenue division between the state and municipal budgets, providing gambling tax revenue – 90% for the state budget and 10% to budgets of municipalities in which gambling is organised. The current ratio is 75% for the state budget and 25% for municipal budgets.
Raising the tax rate by 44% or EUR 6000 per gambling machines, it is expected the number of gambling machine numbers to decline by 5% – from 8680 to 8247 per year.
Revolver Gaming has partnered with Enlabs, the largest operator in the Baltics. The deal means Revolver Gaming’s full slots portfolio will be made available across all of Enlabs casino brands and markets. The launch marks Revolver’s debut entry into the Baltic markets.
“Entering the Baltics marks the next step of Revolver showing its commitment to regulated markets. I have no doubt that our games will quickly make a name for themselves in these markets,” Matthijs Vogelenzang, sales executive at Revolver said.
“Revolver produce high quality slot games with engaging mechanics and high max wins, this style of game suits our core markets perfectly. I have no doubt that their content will perform well in the Baltics and beyond,” Chris Davis, Enlabs Head of Casino said.
“The Baltics are a completely new market for us, so we are thrilled to have teamed up with the most dominant operator in the region. We feel sure our content will connect with the audience and look forward to a long future,” Ryan Lazarus, CEO of Revolver said.
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