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Overview of the iGaming Industry in Lithuania
![](https://europeangaming.eu/portal/wp-content/uploads/2023/08/pexels-natallia-photo-17694501.jpg)
The iGaming industry has a giant background in Lithuania. Local betting enthusiasts have a special passion and are always looking to visit land-based or virtual casinos, even when they were illegal.
Being one of the Baltic countries, Lithuania has experienced significant changes in its attitude towards gambling recently. These days, locals have access to numerous gambling forms, and the main thing is that these activities do not break the laws.
Gambling Market Situation
Visiting Lithuania these days, you will find numerous gambling halls that open their doors to local customers and tourists. These establishments boast a wide variety of legal games, from slot machines to poker tables. While most countries allow gambling from the age of 18, you can’t bet if you’re under 21 in Lithuania.
After estimating the scale of revenue from offline gambling, the government also legalized virtual casinos. The availability of high-speed Internet and advances in mobile technology have contributed to the popularity of this entertainment.
Local and offshore gaming platforms offer a variety of video slots, roulette, baccarat and blackjack tables, and other games. The only question is how to find a reliable and safe casino. Of course, you can do your research, but it is sometimes better to trust the professionals. Top-rated Lithuania casinos are presented on Kazinolietuva.online platform, where you will also find their reviews.
As already mentioned, the iGaming market has been significantly changed in the country. For instance, the government introduced a new, stricter licensing system for gambling operators in 2016. The establishments must meet the highest criteria related to financial stability and integrity if they intend to serve local gamblers.
The Lithuanian Gaming Control Authority (GCA), subordinate to the Ministry of Finance, is the main regulatory body that oversees local and offshore operators. In addition, the government established a National Self-Exclusion Register in 2016. This means that enthusiasts can voluntarily exclude themselves from licensed offline/online casinos. This also includes solutions for those struggling with bad gambling habits. Since then, the country has made several meaningful changes.
- July 1, 2020: the government amended the current Gaming Law by adding criteria for obtaining (revoking) a license and introducing strict penalties for violating the Gaming Law.
- July 1, 2022: the government made another change to the Gaming Law, removing the requirement for operators to have land-based venues to offer casino activities on the Internet. Now, it is sufficient to obtain the appropriate license.
The GCA also controls the advertising methods that operators use. They must follow strict requirements regarding the promotion of their services. The authority also actively combats the involvement of minors in gambling.
What is The Situation With Online Gambling?
The online casino segment has been actively developing in Lithuania since 2020. Virtual platforms are very popular, offering instant access to a variety of games. The country has laws regulating online casinos at the highest level. This allows local and foreign operators to offer their services. What games are available? A typical online casino comes with:
- Video slots.
- Table games such as roulette, baccarat, blackjack, and poker.
- Live dealers and shows.
- Lotteries and scratch cards.
These casinos often add sports betting sections. This form of entertainment is very popular in Lithuania. Regarding regulation and security, you already know about the National Self-Exclusion Register in force since 2016, which allows players to voluntarily exclude themselves from casinos. You’re unlikely to need professional help if you keep a balance between betting and real life. All that matters is to find a reliable and safe casino by focusing on the criteria below:
- Licensing and security measures.
- Providers and software.
- Bonuses and promos.
- Mobile solutions.
- Variety of payment methods.
Overall, the iGaming industry is thriving in Lithuania. The government is adopting new, stricter amendments to the current law to ensure the reliability of gaming operators. By visiting an offline/online casino, you can be sure that it meets the highest standards and is not involved in fraudulent schemes. However, be aware of the rules and laws that apply not only to iGaming operators, but also to players. You cannot visit the casino until you are 21 years old.
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Win tickets to the BLAST Premier Fall Final: GG.BET is running a MEGA BLAST Competition for fans of СS2
![](https://europeangaming.eu/portal/wp-content/uploads/2024/07/fvfdgsadgareabvaaa.jpg)
From 26 July, all GG.BET users can get involved in the new MEGA BLAST Competition with a €10,000 prize fund. The winner will receive two tickets to the BLAST Premier Fall Final CS2 tournament, taking place from 27-29 September in Copenhagen. To enter, you need to place bets on Counter-Strike 2 matches.
BLAST Premier Fall is a major series of Counter-Strike 2 tournaments which draws in millions of viewers from all over the world every year. The series consists of three stages: Groups, Showdown, and Finals. The Groups stage sees 16 Tier-1 teams duke it out. Only 6 of these can go on to compete in the final, while the rest will battle it out in the Fall Showdown for two additional spots in the final. BLAST Premier Fall Finals will be the concluding stage of the Fall series, and fans can look forward to electrifying action, heart-stopping twists and turns, and an epic $425,000 prize fund.
From 26 July to 4 August, as the Groups stage rages on, GG.BET will be holding its MEGA BLAST Competition. The winner will get their hands on two tickets to attend every day of the BLAST Premier Fall Finals. As well as these tickets, the bookmaker is also giving away a whopping €10,000 prize fund to the top 40 participants in the MEGA BLAST Competition.
How to take part in the MEGA BLAST Competition:
- Register an account with GG.BET or log in to an existing account.
- Go to the tournament page and press “Participate”.
- Place bets on Counter-Strike 2 matches. Every bet you place will earn you a certain number of points, based on the odds.
- Rack up points, keep an eye on the leaderboard, and wait for your winnings to roll in.
Bet on your favorites and get ready for some unforgettable fun! Head over to GG.BET right now so you don’t miss your chance to enjoy a festival of Counter-Strike action in Copenhagen.
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MANCHESTER CITY TO MARK GLOBAL PARTNERSHIP WITH SUPER GROUP-OWNED BETWAY AT THE NEW YORK STOCK EXCHANGE
![](https://europeangaming.eu/portal/wp-content/uploads/2024/07/mcyjksadljoisajdasndkl.jpg)
Manchester City has today announced a new multi-year partnership with leading global online betting and gaming brand, Betway.
As part of the club’s pre-season tour of the United States, and to mark this significant deal, leading figures from Manchester City and Super Group will be on-site for the iconic NYSE bell-ringing ceremony later today. Ferran Soriano, CEO of City Football Group, along with Neal Menashe, Super Group CEO, will ring The Opening Bell at 9:30am EDT.
The agreement will see Betway become the club’s Official Global Betting Partner from the start of the 2024/25 season, as Manchester City joins the brand’s extensive sports sponsorship portfolio which includes teams from across the Premier League, La Liga, NBA and more.
Ferran Soriano, City Football Group CEO, said: “We are pleased to announce Betway as our Official Global Betting Partner today. As a globally recognised brand, Betway has a strong pedigree and history of working with high-profile brands within the sports space and we’re excited to work together throughout the partnership.”
Super Group CEO, Neal Menashe, commented: “We are absolutely delighted to become Manchester City’s Official Global Betting Partner. This agreement cements our place in the top tier of Premier League partners, ensuring that our Betway brand reaches fans in all corners of the globe.”
Throughout the duration of the partnership, Manchester City and Betway will collaborate on a number of activations and exclusive content opportunities, in addition to the brand featuring across digital and in-stadia assets.
Manchester City and Betway will also work together to provide all players, coaches, management and staff in-depth, industry leading training on all relevant codes of conduct relating to betting integrity and responsible gambling. This is in addition to the work Manchester City already does to support players and staff in this area.
The Opening Bell ceremony can be viewed live.
Compliance Updates
Acquiring a Curacao Online Gaming License in 2024: Comprehensive Analysis of Financial & Procedural Aspects with Costs & Timelines Detailed
![](https://europeangaming.eu/portal/wp-content/uploads/2024/07/curacaduioapdj.jpg)
The “Acquiring a Curacao Online Gaming License, 2024: Comprehensive Analysis of Financial & Procedural Aspects with Costs & Timelines Detailed” report has been added to ResearchAndMarkets.com’s offering.
This report includes valuable insights into the financial and procedural aspects, including detailed information on costs and timelines associated with acquiring a Curacao license.
In 2023, Curacao introduced the “Landsverordening op de kansspelen” (Ordinance on Games of Chance) to modernize and regulate gambling legislation. Since March 2020, the Gambling Control Board (GCB) has been authorized to regulate offshore gambling games and oversee the issuance of Curacao licenses. As of 2023, there are 16 companies providing legal services for registration and licensing in the territory of Curacao. The license fee, as per GCB regulations, is 36,000 ANG or 19,800 USD, payable upon license issuance.
Research Timeline and Data Relevance
The research was conducted in two stages. The first stage, studying the regulator and Open Data Search, took place in December 2023. The second stage, writing the report and partially updating the data from the first stage, took place from the end of April to the end of May 2024.
Goals and Objectives
- Describe the information about the Curacao license and the issuing regulator.
- Describe the requirements and conditions for obtaining a Curacao license.
- Describe the costs and timelines for obtaining a Curacao license.
- Briefly study the market, find and suggest the following lists:
- Legal companies offering services for company registration and obtaining a Curacao license;
- Communication agents and integrators working with the Curacao license;
- Suppliers and vendors working with the Curacao license;
- Payment systems working with the Curacao license.
Key Topics Covered:
1. Goals and Objectives
2. Research Timeline and Data Relevance
- Document Markup
- Raw and Combined Data
- Terms & Glossary
3. General Information
- The Regulator
- Registration of Operators With Sublicense
- Application for an Online Gaming License
4. Requirements and Conditions for Obtaining a License
License Conditions
- General Prohibitions
- Safe and Secure Environment
- Equipment and Application Software
- Player Registration
- Payment Transactions
- Games
- Terms of Use
- Resolution of Complaints
- Administrative Responsibilities
- Publicly Available Information
- Reports
- Policies and Procedures
- Suspension and Revocation of License
- Additional Conditions
- Supervision
Recommendations or Minimum Requirements for the Business Plan
5. The Cost of the License
6. Decision Term and the Validity of the License
7. Application Method and Forms
8. Contact Information
9. Companies for Registration and Licensing
10. Integration Companies
11. Suppliers and Vendors
12. Payment Systems
13. META
14. Appendix: Terms & Glossary
For more information about this report visit researchandmarkets.com/r/izeo6g
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