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OlyBet joins the world’s largest poker network as of April 30, 2020

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OlyBet joins the world's largest poker network as of April 30, 2020
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Olympic Entertainment Group today announces that it has signed a strategic partnership agreement with GGPoker Network, the world’s largest online poker network. The agreement ensures that, from April 30, 2020 onwards, OlyBet players will be able to access all of the exciting offers and unique features that thrill GGPoker Network players the world over.

“GGPoker Network is the wunderkind of the post-boom online poker business and this deal is great news for all OlyBet players of today and tomorrow. GGPoker Network, which started operations in Asia, is one of the clear leaders in global online poker and massive growth lies ahead in Europe and North America,” said Veiko Krünberg, Managing Director of OlyBet.

The partnership extends to all of the current and future markets of OlyBet and the poker room will move to GGPoker Network simultaneously in all of its online poker markets.

“OlyBet is arguably one of the most experienced poker operators in Europe. In addition to online poker, OlyBet owners Olympic Entertainment Group is famous for organizing top European poker festivals such as the Battle of Malta and Kings of Tallinn,” said Jean-Christophe Antoine, Head of GGPoker. “We want OlyBet to become the dominant poker player in their markets and GGPoker will support OlyBet 100% in achieving this,” Antoine continued.

The news comes shortly after it was announced that the $100,000,000 guaranteed WSOP Super Circuit Online Series would be hosted on GGPoker Network with hundreds of individual events taking place from May 3 to May 31. “For OlyBet this announcement is perfect timing; we’ll give all our poker players a chance to get in on the thrilling WSOP Circuit action, all from the comfort and safety of their own homes,” Krünberg said.

After launching in Asia in 2014 and seeing rapid growth in recent years in Europe, Canada and elsewhere, GGPoker Network became the world’s largest online poker network and averages around 30,000 concurrent players. In late 2019, GGPoker Network made headlines when it guaranteed a total prize pool of $50,000,0000 in its GGSeries 3 online poker tournament series. The network’s pro team includes iconic poker players such as Daniel Negreanu, Bryn Kenney and Bertrand “ElkY” Grospellier.

OlyBet will switch to GGNetwork from April 30, 2020. The new poker software will be available on OlyBet in all local languages for both Windows and Apple computers, as well as for Android devices whilst iOS users should wait for OlyBet’s App Store launch.

 

About GGPoker:

GGPoker Network is the world’s largest online poker network and offers a range of innovative games and features such as the newly launched Jackpot Sit & Go Tournaments ‘Spin & Gold’, Fast-Fold Poker Rush & Cash, Tournament Staking… all designed to enhance gaming experiences and make poker more fun than ever. In May 2020, GGPoker will host the WSOP Super Circuit Online Series, an online poker tournament series featuring hundreds of events and massive cash prizes.

About OlyBet:

OlyBet is the largest provider of online poker, sports betting and casino games in the region, operating in the Baltics and Finland. OlyBet is the online brand of Olympic Entertainment Group, Europe’s leading casino operator. The group has more than 100 casinos in Estonia, Italy, Lithuania, Latvia, Malta and Slovakia.

Baltics

Genius Sports Partners with Lithuanian Basketball League

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Genius Sports Partners with Lithuanian Basketball League
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Genius Sports Limited has struck a new partnership with the Lithuanian Basketball League (Betsafe-LKL), one of the premier leagues in European basketball, to implement its computer vision system in every venue.

Betsafe-LKL will become the first basketball league to automate the capture of eventing data, rich tracking data and broadcast-quality live video production via a single system. Using its unique AI capabilities, Genius Sports will transform this data and video into greater insights, immersive fan experiences and new sponsorship opportunities for the league and its teams.

Genius Sports uses AI to read, process and understand gameplay in real-time to contextualise every aspect of the game, using the language of coaches, players and fans.

All Betsafe-LKL teams will have access to Genius Sports’ Insight tool, a cutting-edge coaching and analysis solution used by every NBA team. Insight synchronises granular tracking data with video to help analysts instantly find answers to their most detailed tactical and performance questions.

Furthermore, with the help of AI-driven augmentation technology, Genius Sports will power new broadcast experiences for Betsafe-LKL fans. This includes enhancing live broadcast video with real-time data and graphics, as well as powering new sponsorable inventory for the league’s commercial partners.

Betsafe-LKL has begun the rollout of Genius Sports’ computer vision system with all stadiums to be completed in time for the 2024/25 season.

Rasa Liuimiene, CEO of the Lithuanian Basketball League, said: “Over the past decade, the Betsafe-LKL has significantly changed its image – it is a bold organisation that keeps pace with modern technologies and the opportunities they provide.

“Boldness and uniqueness perfectly characterise the Betsafe-LKL. We are delighted to be partnering with Genius Sports to bring unique Al-powered tracking technology to Betsafe-LKL competitions, which will enable us jointly to offer Betsafe-LKL clubs, their administration and basketball coaches state-of-the-art tools to enhance performance analysis, power immersive fan experiences and generate new sponsorship opportunities.”

Jonny Katanchian, Head of Sports and Broadcast at Genius Sports, said: “Our new partnership with Betsafe-LKL to rollout our AI-powered technology marks a pivotal moment for the league and world basketball. Across on-court performance, digital fan experiences and new revenue platforms, our technology will transform the LKL’s entire operation, unlocking the full value of tracking data and video through the power of AI.”

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Baltics

Thunderkick bolsters presence in Lithuania with 7bet deal

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Thunderkick bolsters presence in Lithuania with 7bet deal
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Independent slots studio Thunderkick has strengthened its position in Lithuania after partnering with 7bet, an established operator in the Baltic region.

As part of the agreement, Thunderkick’s collection of popular games, such as the Beat the Beast series, Esqueleto Explosivo 2 and Pink Elephants 2, will now be available to more players in the country.

7bet, established in 2020, offers a wide variety of slots to its player base from internationally acclaimed game providers. It is also the only Lithuanian operator to boast tote betting on horseracing.

The new deal follows several high-profile signings for Thunderkick, including Alea and Skywind Group. The provider has seen significant growth in recent months with more to follow in the coming year.

Fredrik Ekholm, Head of Sales at Thunderkick, said: “We’re proud to be expanding our reach in Lithuania as it is an important market for us. 7bet is a well-established and quickly growing operator with a broad player network, and fits the profile of an operator with whom we want to partner.”

Gintare Karvelyte, Casino Product Manager at 7bet, added: “We’ve been thoroughly impressed with Thunderkick’s output over the years, so we’re thrilled to be introducing their dynamic games to our players.

“Titles such as Bones & Bounty, alongside classic player favourites including Pink Elephants 2 and Esqueleto Explosivo 2, are going to provide immersive, forward-thinking gameplay experiences, and we’re excited to be able to offer these releases and more.”

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Baltics

Lithuania Mulls Cracking Down on Gambling Ads

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Lithuanian MPs have registered amendments to the Gambling Law proposing to further tighten gambling advertising in the country as of 2025.

Around 50 MPs, mostly from the ruling majority, have signed the amendments proposing to prohibit the dissemination of information of the gambling companies sponsoring any public events, activities, natural or legal persons.

If adopted, the amendments would eliminate the advertising of betting, wagers, and casinos on television, in newspapers, magazines, or news websites and on street billboards. Neither the names nor the logos of gambling operators could appear on the jerseys of athletes and in arenas during the sporting events.

Companies would only be able to publish information on the types of gambling at the gambling venue or on the company’s website, the address of which is specified in the Gambling Regulation.

It is proposed to allow gambling companies to publish information on gambling only in publications aimed at professionals in the business. They could advertise their name and brand on their head office building or gambling venue.

Lithuanian MPs have started considering tightening the requirements for gambling advertising amid allegations that Šarūnas Stepukonis, a former BaltCap Infrastructure Fund partner, has embezzled and gambled away millions of euros of the fund’s money.

The initiator of the amendments, Mindaugas Lingė of the ruling conservative Homeland Union, has previously said that last year the total revenue of gambling operators amounted to 222 million euros, up from 103 million euros in 2020.

The amount spent on advertising in the gambling business doubled from 6.36 million euros in 2020 to 12.73 million euros in 2023. Gambling operators’ profits increased from 20 million euros in 2020 to more than 53 million euros in 2022.

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