Gambling revenue in Lithuania increased 66% YoY in H1 2022 as customers returned to land-based venues following the removal of Covid-19 restrictions.
Gambling revenue in Lithuania increased 66% YoY in H1 2022 as customers returned to land-based venues following the removal of Covid-19 restrictions. Compared to countries like the USA that have largely moved to online casinos with no bonus codes, Lithuania’s gambling revenue success spike came from land-based casinos despite the growing popularity of online casinos.
Gross revenue for the six-month period amounted to €89.3m, up from €53.8m in the previous year when Covid-19 measures continued to affect land-based casinos, slot parlours and retail betting.
Land-based gaming revenue was up 1139.3% from €2.8m in 2021 to €34.7m. Category B slot machines with €0.50 stake limits were the main revenue generator, accounting for €15.3m. Uncapped category A generated €6.2m. Lottery ticket sales reached €65.2m, up 3.2%.
Online gambling also continued to grow despite the return of land-based options and the tight marketing restrictions on online gaming. Revenue was up 7.7% YoY at €54.9m. Category A online slots generated €15.5m and category B slots €683,313. Online sports betting revenue hit €9m and table games €3.5m.
Game Wave Festival changes the dates to host the Nordic Game Discovery Contest Grand Finals
The Game Wave Festival (GWF) announced new dates for the event. It will be happening November 28-29 in Tallinn, Estonia at Tallink Spa & Conference Hotel. In addition to new dates, Game Wave Festival is proud to host Nordic Game Discovery Contest Baltic Semi-finals leading up to NGDC Grand Finals.
“We have changed the dates for the conference because we got a unique opportunity to host NGDC Season VI: Special Qualifier and the NGDC Grand Finals for the first time in the Baltic region” — says Ints Viksna, Chairman of the Board at Latvian Technological center.
The Game Wave Festival is a business, education and entertainment event for the gaming industry professionals. It first took place with great success in September 2021 in Jūrmala, Latvia, and was attended by more than 270 participants from 25 countries.
The festival is mainly B2B, however, it is designed to avoid the “stiffness” these types of events sometimes have by capturing the fun and relaxed ambiance. GWF is large enough to get an overview of the main tendencies in the Nordic and Baltic region, and small enough to make friends with all participants – The friendships you will make in GWF, will follow you all your life.
Join The Game Wave Festival to experience the following:
- Plenty of useful workshops, game company, art, technology & education expo, pitching opportunities and business meetings.
- The conference and interactive events are divided in 5 tracks: General, Art (visual, audial, haptics), Unreal Engine and XR.
- B2Match online matchmaking platform for booking meetings will be available for all participants during the conference days 28- 29 of November plus one day after the conference online.
- Early stage mentor pitch for anyone not ready for any other pitches, but still willing to train, test their prototype and get feedback. Jammers are welcome.
- Nordic Game Discovery Contest Baltic semi-finals where developers from Finland, Sweden, Estonia, Latvia and Lithuania can showcase their game to publishers and industry experts and compete for the place in the Nordic Game Discovery Contest Grand Finals.
- The Business Party (27.11.2022) will be available for organizers, speakers, partners and business ticket holders only.
- The Afterparty (29.11.2022) will be available for almost everyone (except for student ticket holders). It will feature Marioke, a feast table and a quieter area for business conversations.
Calling for speakers:
Are you interested in being a speaker at the Game Wave Festival?
Use this simple form to apply: https://www.gamewave.eu/page-4771
Register for the Game Wave Festival: https://www.gamewave.eu/signup
Follow the Game Wave Festival social media and be the first to know more: Facebook, Twitter, LinkedIn and YouTube. The Game Wave Festival is initiated and organized mainly by Latvian Technological center. Additional information and registration available at: https://www.gamewave.eu/
FSB secures major new partnership with Olympic Entertainment Group
Award-winning technology services provider furthers European momentum in significant omni-channel partnership with leading Baltic casino group.
Global B2B sports betting & iGaming supplier FSB has strengthened its European presence by entering into a multi-year multi-market agreement with Tier 1 sports betting, online games and gambling operator, Olympic Entertainment Group (OEG) and its “OlyBet” brand that is a leading sports, games and entertainment platform in Europe.
The fresh partnership will see FSB power OEG’s “OlyBet” brand across the online casino vertical in selected European markets enabling the Baltic giant to leverage the supplier’s fast-growing casino platform, proprietary player account management services and gaming content totalling access to over 10,000 games.
As part of the agreement, FSB will integrate its over-the-counter retail solution into multiple OEG casino venues across key Central and Eastern European markets. This upgrade will equip these environments with a seamless omni-channel experience by enabling players to make credit and withdrawal transactions directly to or from their online account at the venue.
The announcement follows the recent news that FSB has opened up new technical delivery offices in Scotland and Colombia as the EGR Multi-Channel Supplier of the Year continues to rapidly expand it’s global footprint.
Ian Freeman, Chief Revenue Officer at FSB , said: “This was a long, competitive and extensive selection process and we are delighted to have been selected. The new partnership with the Olympic Entertainment Group is another major step forward for the business. OEG has great heritage as well as being a highly skilled operator, our selection is further testament to the strength of our Tier 1 omnichannel tech stack and the fantastic team we are building at FSB.
Corey Plummer, Chairman and CEO at Olympic Entertainment Group, said: “We are excited to work with FSB as part of our expansion strategy in CEE markets. The partnership enables Olympic Entertainment’s brands, products and operations to build connected, experiential environments that our customers enjoy.”
International on-line gaming company TonyBet launches operations in Latvia after EUR 1.5 million investment
The international on-line gaming company TonyBet has entered the Latvian market, having invested 1.5 million euros to start operations and created a new, modern internet platform tonybet.lv. TonyBet will differentiate itself precisely because of its focus on football, offering to bet on and support your favorite football teams both locally and around the world. Furthermore, TonyBet will differ with innovative technology solutions – the technological solutions for all countries of operation of TonyBet are developed by the international company SoftLabs, some of whose specialists also work in Riga.
In Latvia, TonyBet offers a full range of interactive entertainment products – sports totalizator (betting), on-line casino, live casino and online sports betting. TonyBet will pay special attention to football and various entertainment events, for example, TonyBet will offer special bets for the 2022 FIFA World Cup.
“Although there is considerable competition in this sector in Latvia, I am sure that there is still room in the market for a strong, international player with a different platform and a great range of football-focused products. We have already started negotiations with the leading football organizations in Latvia about launching cooperation. We will take special care to provide players with not only an exciting and innovative gaming experience, but also that the services provided are offered in a responsible manner and environment. TonyBet has promoted the principles of responsible gaming in other countries where it operates, and in Latvia we will stand up for the protection of customers’ rights and the reduction of potential risks involving on-line gaming. Since the beginning of our operation in Latvia, we have become a member of the Latvian Interactive Gambling Association, or LIAB, and have introduced all the necessary tools for responsible gaming,” says Valters Rozmanis, Country Manager of TonyBet in Latvia.
TonyBet’s aim is to become the world’s leading provider of high-quality sports betting and iGaming entertainment, and TonyBet has already received online gaming licenses in several countries – Great Britain, Canada, Spain, Estonia, Latvia, Malta. Currently, more than 70 employees work in the offices of TonyBet in Riga, Tallinn, Ceuta, Madrid, Malta and Gibraltar, and it is planned to increase the team by several times in the next 2-3 years.
“Currently, the development focus of TonyBet is on the Baltic States, Spain and Great Britain, and we are really pleased to start our operations in Latvia. For players in Latvia, we are committed to providing safe, secure, innovative and exciting online gaming. We will adopt our 11-year international experience and best practices regarding the protection of players from possible risks created by the industry, and we will also implement them in Latvia, for example, through Neccton, which is an innovative, digital solution created in Austria to promote customer protection,” says Victors Troicins, Chief Executive Officer of TonyBet Group.
Subscribe to our News via Email
SOFTSWISS Jackpot Aggregator Starts Partnership With Abocasino
BINGOTON: PADDY POWER PRESENTS A DRAMA…WITH BALLS
Turbo Mode in the Game ‘Mines’ is On – Fasten the Seat Belts
Four Teams Advance to CS:GO Female Tournament at IESF WE Championships
Strafe.com expands its global provision and opens its doors to the Dutch market
Q&A/Twitch bans gambling streamers w/ Michael Pedersen CCO at Livespins
Week 38/2022 slot games releases
BGaming creates exclusive slots and games for Winz.io crypto casino
Interview with the man of the week, Rob Verdia, Head of Products at Nexiux Solutions
Account management: the evolution of customer service
Every drop is precious!
New Legends Bay Casino Opens in Nevada
ICE Casino Games, Bonuses, and Promotions
LeoVegas partners with Premier League Champions Manchester City
The Sandbox launches partnership with Ledger to educate metaverse users on crypto safety
Socialpoint Partners With AMC to Bring The Walking Dead to Dragon City and Monster Legends
Conferences in Europe7 days ago
The winners of CEEG Awards 2022 have been announced on 16 September at The Ritz-Carlton Budapest
Balkans7 days ago
7777 gaming forms a new partnership with Alphawin
Blockchain6 days ago
Betopia announces new partnership with MIRACL to further enhance betting user experiences
Balkans7 days ago
PRAGMATIC PLAY OPENS BULGARIAN STUDIO AS IT EXPANDS LIVE CASINO OPERATIONS
Central Europe7 days ago
Neccton’s mentor solution increases market leader position in Germany
Latest News6 days ago
Air Dice Games Integrated With Finnplay
Eastern Europe6 days ago
Evoplay expands Romanian presence with Superbet
Gambling in the USA6 days ago
Gaming Americas Weekly Roundup – September 12-18