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D-A-CH region oriented panel discussion to be moderated by Dr. Joerg Hofmann (Partner, MELCHERS LAW) in Vilnius

Zoltan Tundik

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There is plenty of news surrounding the German-speaking region when it comes to online gambling, however, it is mostly shut down when things get interesting.

On the gambling industry’s media outlets, the business is booming in Germany, with Scientific Games bringing next-generation Lottery Technology to Germany’s Lotto Brandenburg, Kambi Group powering the re-launch of Mybet sportsbook, or GeWeTe adding charm to Merkur Casino Halle.

However, when it comes to regulations, the recent news was both hot and cold.

On March 21, the Minister-Presidents of Germany’s 16 federal states have ratified the third amended State Treaty on Gambling, paving the way for operators to apply for sports betting licenses in the market, while Schleswig-Holstein will be allowed to run its own, liberal regulatory regime.

During the Minister-Presidents’ Conference, the lawmakers agreed to sign the Treaty, with licenses to come into force from January 1, 2020 and run until June 30, 2021. This will effectively act as a placeholder, with a view to a complete overhaul of Germany’s gambling regulations by 2021.

As mentioned earlier, the news was considered by some as a “breakthrough”, while others have been disappointed by the “missed opportunity”.

You can read more about the statements and quotes by industry experts from the region on the following link.

During the second edition of MARE BALTICUM Gaming Summit, also known as the Baltic and Scandinavian Gaming Summit and Awards, Dr. Joerg Hofmann (Partner at MELCHERS LAW) will take on the role of moderating the D-A-CH region oriented panel discussion and will add his opinion to the Germany market update along with Martin Arendts (Owner at ARENDTS ANWÄLTE – gaminglaw.de).

The “Gambling industry updates from the D-A-CH region” compliance panel discussion will focus on shedding light on the status of the gambling industry in the German-speaking markets such as Germany, Austria, Switzerland and also an exclusive update on Liechtenstein.

MARE BALTICUM Gaming Summit will take place on the 9th of May at Radisson Blu Royal Astorija Hotel and is gathering the gambling industry from the Baltic and Scandinavian regions for a full day of quality learning and networking with like-minded peers, regulators and representatives of the industry media.

Register here or View the Agenda!

About Dr. Joerg Hofmann

Dr. Joerg Hofmann is a Past President of the International Masters of Gaming Law (“IMGL”) and group leader of the Gaming & Betting Law Practice Group of Melchers Law Firm.  He has been practicing gaming law since the mid-90s and Melchers’ legal advice is highly valued by global market leaders in all sectors of the gaming industry.  A highly recognized expert in the field, Joerg has been consistently ranked as a leading individual and expert in gaming law by prestigious legal directories including Chambers Global and Best Lawyers for many years.

Make sure you take advantage of this unique opportunity of learning and networking with the gambling industry in the Baltic and Scandinavian region via the MARE BALTICUM Gaming platform which has been launched in 2018 and is committed to bringing together industry shareholders and government officials from the Baltic and Scandinavian region on a yearly base.

Browse the official event website here: www.marebalticumgaming.com

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Baltics

Enlabs Launches Ezugi Live Casino in Lithuania

Niji Narayan

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Enlabs acquires majority stake in iGaming operator Shogun Group
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Enlabs has launched a live casino together with Ezugi on the Lithuanian market.

The partnership will see more than 30 Blackjack, Roulette and Baccarat tables added to the Optibet brand, including a Russian language roulette and speed roulette variants.

“We are very excited to be able to add a new and very important vertical to our fast-growing brand in Lithuania. I’m confident that the combination of Ezugi’s high quality live casino and the unique promotional tools of our New Gaming Platform (NPL) will be a huge success,” Chris Davis, Head of Gaming at Enlabs, said.

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Baltics

Greentube extends Lithuanian reach with TOPsport launch

Vlad Poptamas

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Greentube, the NOVOMATIC Interactive division, has extended its footprint in Lithuania after launching with the market’s leading online sportsbook and casino TOPsport.

The supplier’s all-time classic casino games are now available to TOPsport’s players, including world-popular titles Book of Ra™ deluxe, Lucky Lady’s Charm™ deluxe and Sizzling Hot™ deluxe. More top performing content from Greentube Collections, an exclusive portfolio which encompasses all the supplier’s games series, is set to be integrated soon.

The partnership with TOPsport, the country’s largest online operator, expands Greentube’s reach in the market and cements its position as a go-to provider of quality casino content in regulated territories world-wide.

Michael Bauer, CFO/CGO of Greentube, said: “As the market leader in Lithuania, TOPsport is the perfect partner to expand our reach in the country and further increase our leading position in the Baltics. Our classics series boasts a variety of titles that players love and will make a valuable addition to the operator’s platform.”

Gintaras Staniulis, CEO of TOPsport, said: “Greentube’s classic casino games are a must-have in the Lithuanian market, and we’re thrilled to now offer our players titles which have been mainstays of the online casino sector for years. We’re looking forward to integrating more of the supplier’s quality content in the coming months, enabling us to further diversify our offering with fun and engaging games.”

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Baltics

Enlabs Posts Profit for First Half of 2020

Niji Narayan

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In a morale-booasting news amid Covid-19-induced slow down, Baltic gaming operator Enlabs posted a profit of €2.64m for the first half of the year. The company also overcame a gaming suspension in Latvia.

While revenues were down at €16.6m from €18.4m the previous year in the same period, The number of total active customers rose by 14% during this period. But revenues slid by €1.8m to reach €16.6m. Deposits fell slightly to €53.5m (€54.4m).

Enlabs CEO and group president George Ustinov said: “During Q2 2020 Enlabs demonstrating its ability to adapt and evolve. Due to the Covid-19 outbreak, the Latvian parliament suspended all gaming licenses in the country from 8 April to 10 June. Retail operations in Lithuania have also been suspended for the greater part of the quarter. We cut back on marketing communication in both Estonia and Lithuania.

“Despite these temporary disruptions, Enlabs recorded €6.1m revenue, €0.5m EBITDA and €0.5m net profit with positive operating cash flow.

“Enlabs’ customers have welcomed our return in Latvia with several daily activity records proving that regulated local operators can always better cater for customer demands. This also showed more broadly than ever that balanced regulation aligns the interests of players, operators and government authorities.”

Enlabs had acquired 29.9% of Global Gaming 555, introduced esports betting with EveryMatrix and signed a deal Playtech’s iPoker network.

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