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Rūta Giedrienė (Gaming Control Authority, Lithuania) will join the speakers’ list at MARE BALTICUM Gaming Summit 2019

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The second edition of MARE BALTICUM Gaming Summit is just 10 days away and we are delighted to announce that the upcoming conference in Vilnius has already recorded 80% more registrations versus the 2018 edition making it a must-attend event in the Baltic and Scandinavian region.

With topics ranging from compliance, marketing, innovation, CRM, safe gambling, KYC and AML, the conference will give the opportunity for the attending delegates to gain access to quality learning sessions and will also offer exclusive networking possibilities.

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.

Register here or View the Agenda!

The recently announced speakers, Rūta Giedrienė (Gaming Control Authority, Lithuania) and Kaido Ulejev (Managing Director Baltics at Betsson Group), will join the “Gambling Industry in Lithuania” compliance panel discussion alongside Lolita Sumskaite (Head of Unit at Ministry of Finance, Lithuania) and Karolis Gogaitis (General Manager at CBet.lt) under the moderation of Andrius Gabnys (Gabnys Law Firm).

 

About Rūta Giedrienė

Rūta Giedrienė is the Compliance and Regulatory Officer at the Gaming Control Authority of Lithuania and works for Lithuanian Government for more than 10 years. During the last 4 years, Rūta has been specializing in the AML/CFT field.

She has a Master’s degree in Finance and a Bachelor’s degree in Public Administration. After finalizing her studies, Rūta was appointed as a lecturer at the Economics and Finance Faculty (Mykolas Romeris University, Lithuania).

Between 2017 and 2018, Rūta received an International Diploma in Anti Money Laundering issued by the International Compliance Association, Alliance Manchester Business School.

Since 2014, she became a member of a Working Group for the Prevention of ML/TF and works closely with different stakeholders such as Lithuanian FIU, Bank of Lithuania, State Security Department, Ministry of Justice, Law Enforcement Authorities, etc. to ensure that Lithuania meets the EU requirements in combatting ML/TF.

In 2018, Rūta became one of Lithuania’s Delegation member to lead the country through the MONEYVAL 5th Round Evaluation. It was intense and constant work with the assessors and lasted more than a year. The Report was adopted at the FATF Plenary December 2018 in Strasbourg France.

About the Gaming Control Authority

The Gaming Control Authority is an institution under the Ministry of Finance of the Republic of Lithuania that, together with other state and municipal institutions, takes part in the implementation of the state policy in the area of gaming and conducts gaming control to ensure fair and transparent gaming activities and to protect the rights and legal interests of players.

Gaming Control Authority is responsible also for the supervision and control of the organization of National lotteries. The main task of the institution is to supervise and control the operation of this activity with the purpose to protect the interests and rights of players and of operators.

These aims and tasks of the Gaming Control Authority are established in the Gaming Law of the Republic of Lithuania and in the Law on Lotteries of the Republic of Lithuania, regulating the mentioned activities in the Republic of Lithuania.

One of the main priority trends of the Gaming Control Authority is to ensure proper activity of the institution enforcing the provisions of legal acts regulating gaming and national lotteries also to ensure the results-based activity.

Main functions of the Gaming Control Authority are:

  • issue and cancel gaming and national lottery licenses;
  • issue permits to open gaming machine halls, bingo halls, betting and totalisator stations and gaming establishments (casinos), supplement, change and cancel such permits;
  • control compliance of gaming and lottery operators with the requirements of the laws and other legal acts regulating the operation of gaming and lotteries;
  • draft legal acts regulating the operation of gaming;
  • administer the Register of Gaming Devices of Lithuania.
  • administer Register of Persons Restricted from Participation in Gambling.

The administration of the Gaming Control Authority consists of 4 divisions – Licensing and Permission Division, Control Division, Division of  Legislation, Staff and General Affairs and Gaming Devices Type Approval and Register Division. Now we have the staff of 27 civil servants and employees working under employment contracts and Director, who is appointed by the Minister of Finance by way of competition for a four years term.

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

New Survey Reveals 80% of Lithuanians Would Welcome a Ban on Gambling Ads

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Eight out of 10 Lithuanians would approve of a ban on gambling ads in the country, a new survey revealed.

The survey commissioned by public broadcaster LRT was carried out by the public opinion and market research company Baltijos tyrimai. It showed that 80% of respondents aged 18 years and over are in favour of a complete ban on gambling ads in Lithuania and just 15% would oppose the move.

It has transpired that approval of the gambling ad ban was greater among women than men – 86% against 72% respectively. The move has also wide support among residents aged over 50 (84%) and by people with greater than secondary education and with monthly household income of up to EUR 1100 (85%). Opponents of the ban often include men (21%), young people under 30 years of age (23%), rural residents (18%) and people with unfinished secondary education (30%). 1115 adult residents of Lithuania were polled on 15-25 March.

In mid-March, parliament began to consider amendments to the law on gambling, which, if adopted, would prohibit gambling advertisements as of 1 January 2025.

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Baltics

Lithuania’s Nese enters iGaming with a record sponsorship deal

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Nese, Lithuania’s oldest land-based casino operator, has launched Twinsbet – a new iGaming and sportsbook brand with a focus on sports sponsorships. The company entered into a 3-year long, €7.5 million sponsorship deal with the Wolves basketball club and secured the Avia Solutions Group Arena naming rights.

 

Twinsbet enters the highly competitive Lithuanian market with naming rights to the largest Vilnius indoor arena, title sponsorship of the Wolves basketball club competing locally and in the Eurocup, and celebrity former basketball players, the Lavrinovic twins, as main ambassadors. This sponsorship deal is worth at least €7.5 million for the next three years and may increase to €10 million if certain conditions are met.

Such a sports and iGaming sponsorship deal is among the largest in Lithuanian history. Nese will seek further collaborations with various sports organizations, focusing on both professional and leisure sports activities.

According to Alvidas Paulikas, Nese’s CEO, the company aims for the leading position locally and seeks to become the first Lithuanian operator to expand internationally.

“Twinsbet is centered around the idea that we believe in sports. For this reason, we are heavily investing in and supporting sports, including the Wolves basketball club and the Twinsbet Arena, as well as other collaborations we are currently investigating and are always open to. We plan to support local teams and non-professional sporting activities in new markets that we will enter soon,” says Paulikas.

Andrius Ziauberis, the CEO of both the Wolves basketball club and the Twinsbet Arena, says that the deal with Twinsbet will strengthen both the organization and the entire Lithuanian sports community.

“We are the only top-tier Lithuanian basketball club operating without any support from municipalities, and so this sponsorship deal will pave the way for sustainable growth. Strong teams can inspire generations both on and beyond the court, and this deal builds a solid foundation for an engaging fan experience,” Ziauberis says.

According to the regulator, the total Lithuanian gaming market amounted to €222 million in 2023, a 13 percent increase from 2022. More than 65 percent of the market is online. The total amount wagered exceeded €2 billion for the first time in 2022.

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Baltics

Hacksaw Gaming and TOPsport are on TOP of their game with new partnership announcement in Lithuania

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Hacksaw Gaming and TOPsport are on TOP of their game with new partnership announcement in Lithuania
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Kicking off the month, it’s time to commemorate a brand new partnership with Lithuania’s leading operator – TOPsport! As of the 8th of April, Hacksaw fans will have the opportunity to enjoy the initial selection of our released games, with plans for further expansion in line with market regulations.

TOPsport was founded with humble beginnings back in 2002, they were in fact the first ever betting company to be established in Lithuania. Boasting an impressive collection of 62 betting locations and, of course, their online platform which is home to sports betting and live casino games from various different providers globally. They now welcome Hacksaw classics such as Wanted Dead or a Wild, Chaos Crew and Hand of Anubis to their growing collection.

CEO of TOPsport, Gintaras Staniulis, expressed “TOPsport is excited about the partnership with Hacksaw gaming, which marks a significant step forward in our commitment to providing unparalleled experiences for our customers. We are confident that this collaboration will further enhance our offerings and solidify our position as a leader in the industry.”

TOPsport players can expect exciting narratives, captivating artistic design and an overall gaming experience that will leave them searching for more Hacksaw content. Confident that this will be the case, Hacksaw Gaming CEO Marcus Cordes wanted to say a few words on the new partnership – “A top operator in the Lithuanian market teaming up with a leading provider of innovative games—what a match! We’re thrilled about this collaboration and are optimistic that TOPsport players will soon become familiar with the Hacksaw name.”

Only time will tell, but we’re pretty sure that TOPsport Casino users will find Hacksaw games at the ‘top’ of their new favourite lists.

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