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Enlabs Closes its Retail Betting Shops in Lithuania and Latvia Due to COVID-19 Lockdown

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Enlabs Closes its Retail Betting Shops in Lithuania and Latvia Due to COVID-19 Lockdown
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The Lithuanian and Latvian governments have imposed countrywide closures of shops, restaurants, pubs, bars, casinos, betting shops and other retail businesses, as part of new measures to prevent the spread of Covid-19.

Enlabs operates 20 betting shops in Lithuania and 11 betting shops in Latvia. In Lithuania, the retail shop lockdown started on November 7 and will last until November 29. In Latvia, the retail shop lockdown starts on November 9 and will last until December 6.

Retail betting revenues in both markets combined amounts to 3% of Enlabs’ total revenues.

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Lithuanian Regulator Issues Fines to Gaming Strategy Group and Tete-a-Tete Casino

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Lithuanian Regulator Issues Fines to Gaming Strategy Group and Tete-a-Tete Casino
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Lithuania’s Gambling Supervisory Authority has issued fines to Gaming Strategy Group, the operator of Betsson-owned Betsafe in the country, and Tete-a-Tete Casino.

Gaming Strategy Group was fined €25,000 for breaching rules regarding advertising after it distributed a newsletter to 10,430 customers about an online game.

Sent in February this year, the newsletter included information about the game and its features, as well as the option for players to click on links to log in to their account or to request a new password if they had forgotten their login details.

Last year, the Lithuanian government introduced a ban on range of gambling advertising, including promotional bonuses. The law on gambling prohibits the promotion of gambling through activities such as special events, test games, promotions, discounts, gifts and other incentives.

In its ruling, the Gambling Supervisory Authority said that as the newsletter’s intention was to draw attention to a gambling service and specific details about the game, including its win percentage and free spins features, this was in breach of Article 10 (19) of Lithuania’s gambling regulations (ALI).

In the case of Tete-a-Tete Casino, the Gambling Supervisory Authority issued the operator a fine of €15,000 for allowing players located outside Lithuania to gamble through its website remotely.

The regulator said this breached Article 205, Part 3, Article 201, Part 1 of the ALI as gambling with an operator licensed in Lithuania while not physically located in the country is illegal on the part of the gambling operator.

Tete-a-Tete Casino was also warned that its licence could be suspended if it does not put in place the relevant processes to halt such activity in the future. The operator has until 10 August to comply with the request.

The Gambling Supervisory Authority noted that neither decision was final, and both of the operators can appeal the rulings.

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Crypto SNACK Secures $50M Investment Commitment from GEM Digital

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Leading iGaming token Crypto SNACK has secured a $50 million investment commitment from GEM Digital Limited, a digital asset investment firm that actively sources, structures and invests in utility tokens listed on over 30 CEXs and DEXs worldwide.

Earlier this year, Crypto SNACK partnered with RCD Espanyol, making the team the first La Liga club to accept payments in cryptocurrencies, the first of many future partnerships designed to bring the efficiency of digital assets further into the world of sports, entertainment and beyond by onboarding crypto payments for real-world experiences.

The company plans to invest its new funding from GEM into further connectivity with top crypto exchanges, add to its growing portfolio of global professional sports partnerships, as well as continue to build out its blockchain technology and infrastructure.

“Together we are taking the right steps for #SNACK to become the #1 token in the iGaming industry. This investment will further accelerate our plans to make the future of decentralised finance possible,” Stuart Morrison, CEO of Crypto SNACK, said.

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Altenar makes waves in Latvia with Casino 777 partnership

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Altenar makes waves in Latvia with Casino 777 partnership
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Premium sportsbook to power leading Latvian operator

 Altenar, the leading sportsbook and iGaming software provider, has signed a partnership deal to supply its premium sportsbook software to Casino 777, a Latvian online casino.

This deal sees Altenar increase its presence even further in Europe, bringing its market-leading sportsbook solution to one of the most well-established online casinos in Latvia.

The supplier’s sportsbook software boasts a wide range of capabilities, with multiple specialisations across Esports, data and retail, as well as its EGR award-winning selection of virtuals. This integration is of particular value to Casino 777 due to Altenar’s expertise in security and risk management systems, as well as the high response of the company’s support team.

Altenar continues to build momentum in an already productive year, having recently scaled its next-gen terminal solution for global markets following multiple successes across LatAm, Belgium and Spain.

This continued European expansion is testament to the continued growth of the company and highlights its status as one of the industry’s most advanced sportsbook providers.

Marking an outstanding 12 months, Altenar recorded a surge in 150% for total bets and player count over 2021, with its key specialisations across Esports, data and virtuals proving to be a major boost for its operator partners.

Commenting on the deal, an Altenar spokesperson said: “We are thrilled to enter into this latest collaboration with Casino 777. Our premium sportsbook software will give our new partners a more detailed focus on the Latvian market, as well as the opportunity to deepen their understanding of their customers.

“The strength of our platform is unmatched, and the continued growth we are demonstrating across Europe is clear evidence of this.”

Altenar’s successes have been recognised with multiple recent award wins, including the MiGEAs, EGR Nordics, Baltic and Scandinavian Gaming Awards and multiple honours ahead of the SBC Awards in Barcelona in September.

Licensed across a total of 13 major global markets, including the UKGC and MGA, Altenar has established itself as the sportsbook provider of choice for multiple leading operators.

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