Baltics
Bet Industries teams up with Dutch company Round Circle

B2B iGaming market newcomer Lithuanian-based casino games studio Bet Industries has come into agreement with Dutch company Round Circle. Companies agreed on collaborating both in game development and in international growth.
“We are thrilled to join energy, game development expertise and vast experience in land-based gambling and iGaming industry. Since our new collaboration started, 4 new games have been developed, certified and launched at Lithuanian operator Cbet together with the existing game portfolio of Round Circle. Integrations with other Lithuanian operators such as Olybet and Uniclub have been implemented and ready for launch, pending certification. And of course, new games are on the way too some of which will be completed within the next two months!”, Ugnius Šeškas, CEO of Bet Industries says.
“The original portofolio of Round Circle games have been a huge success in the Lithuanian market enjoyed by many players. Players were able to choose between various classic casino and AWP games like Reels, Joly Casino, Jack Win. And now, since December 1, they can also play the new and modern high-quality graphics blockbusters – Cyber Slot, Fire Dragon and Thimbles.”, CEO and owner of Round Circle Peter van Roosmalen comments.
Baltics
Latvia Parliament Approves Bill to Ban Alimony Debtors from Gambling

The Latvian Parliament (Saeima) has approved at the first reading a bill to ban alimony debtors from gambling, and scheduled a second reading for January 20.
The bill would require operators to ensure that those who owe maintenance payments are not permitted to gamble either in person or online. In order to do so, they must check accounts against the national register of maintenance debtors, with the help of the Lotteries and Gambling Inspectorate, which will create an official data display for licensees.
“The restriction is intended to prevent debtors who do not provide maintenance they owe for a child from using funds unreasonably for entertainment and hobbies,” the Saeima said.
The bill was submitted by the government and has already received approval from the Commission for Human Rights and Public Affairs with no objections. If it passes in the second and third reading and is signed into law, the restriction will come into effect on April 1.
Baltics
Gambling Self-exclusion Increases in Lithuania

According to the Lithuanian Gambling Supervisory Authority, the number of Lithuanians who self-excluded from gambling in 2020 reached 17,348. This shows an increase from the 2019 figure.
There was a rise in the number of women and the number of people aged 31 and 40 years old who self-excluded. The proportion of women who self-excluded increased to 10%, up from 7% last year.
On the other hand, the number of younger people aged 18 to 20 who self-excluded fell from 9% to 6%.
The Supervisory Authority said: “This small change is a possible sign that younger people are starting to look at their gambling more responsibly and that an aid measure such as a limitation on gambling is not necessary for them.”
The portion from the 21-30 age group who self-excluded also declined this year, from 52% to 48%, while self-exclusion among those aged 31 to 40 increased from 36% to 42%. The proportion of self-excluded gamblers aged 41-50 remained at 2% and those aged 51 or older at 4%.
Baltics
Entain Puts Forward €276.4M Offer to Acquire Enlabs

Online gambling operator Entain has put forward an offer worth €276.4m to acquire Enlabs.
The cash offer, which would see Entain pay SEK40 for each Enlabs share, has been recommended by the Enlabs board, while shareholders holding 42.2% of the total Enlabs shares have also undertaken to accept the offer.
Entain said the acquisition of Enlabs is directly aligned with its growth strategy of entering locally regulated markets where it does not yet have a presence.
Should the acquisition go ahead, Entain said that it would retain the services of current Enlabs board chairman Niklas Braathen, in order to help to develop the group’s operations in the region and its expansion into new markets.
Subject to regulatory approvals and Enlabs shareholders accepting the offer, the transaction is expected to complete before the end of the first quarter.
“The acquisition of Enlabs is perfectly aligned with our strategy of expanding across new regulated international markets. We are hugely excited by the growth opportunities it presents both in its existing markets and through new market opportunities,” Shay Segev, chief executive of Entain, said.
“Enlabs is already a strong and rapidly growing business in its own right, but we now have a fantastic opportunity to turbocharge its growth by leveraging the power of our unparalleled proprietary technology, scale, product and marketing expertise,” Shay Segev added.
Enlabs’ Braathen said: “When Entain’s interest to acquire Enlabs emerged, we instantly saw the strategic logic.
“Entain’s experience and track record in many different geographic markets, together with its market-leading proprietary technology and world-class marketing skills are key attractions for Enlabs as we look to grow in the Baltics and beyond.”
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