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Industry
March 18, 2025
EU Court Ruling Could Derail Lithuania’s Strict Gambling Regulations
Lithuania’s aggressive push to tighten online gambling regulations has suffered a surprise setback following a ruling by the Court of Justice of the European Union (CJEU) that declared key amendments to the nation’s gambling law to be non-enforceable due to procedural failures. This apparent oversight by Lithuanian legislators could significantly affect the nation’s efforts to […]
Industry
March 12, 2025
Olympic Casino Slapped with €8.4M Fine in Lithuania
The actions of a former investment fund manager, who is accused of embezzling millions to spend on gambling, resulted in a hefty fine against a popular casino operator in Lithuania. That’s the case for Sarunas Stepukonis, a former BaltCap manager who was arrested in February last year. Only recently, Lithuania’s Gaming Supervisory Authority (LPT), the […]
Industry
January 15, 2025
Lithuania Tightens Measures Against Illegal Gambling
The Lithuanian government has stepped up its efforts against illegal gambling by updating key regulations. The changes aim to block unauthorized gambling operators from targeting Lithuanian consumers and undermining the nation’s regulated sector. This update, proposed by the Ministry of Finance and approved in the Lithuanian Parliament, will significantly curb the ability of illegal gambling […]
Industry
November 14, 2024
Lithuania to Ban Gambling Ads Starting July 2025
After seeking to increase the legal age for gambling to 21 at the start of the year, considering the adoption of stricter gambling regulations amid a high-profile embezzlement and gambling scandal in the spring, and introducing new licensing fees for gambling businesses in the summer, Lithuania is prepared for more. Naemlt, the Baltic state is […]
Industry
March 7, 2024
Lithuania Considers Stricter Gambling Regulations
The Lithuanian Ministry of Finance is spearheading efforts to tighten regulations in the gambling sector, proposing amendments that would compel gambling companies to actively monitor individuals showing signs of gambling addiction or facing significant losses. Although the country faced difficulties tightening regulations in the past, its newfound political will should be sufficient to implement lasting […]
Industry
February 7, 2024
Former BaltCap Manager Suspected of Stealing Millions to Gamble
Every year, many financial crimes occur across the globe. While generally, people may abuse other individuals’ funds for their personal expenditures, some people are pushed into such crimes to fuel a gambling addiction. It is unclear if a former BaltCap investment fund manager had a gambling problem, yet he is suspected of abusing his power […]
Industry
January 5, 2024
Lithuania Seeks to Increase the Legal Age for Gambling to 21
Lithuania’s parliament (Seimas) has received a new proposal that, if passed, would raise the minimum age limit for gambling to 21. As reported by SBC News, this proposal is part of the Seimas’ 2024 agenda and will be on voted by ministers later this year. The new measure applies to both retail and digital gambling. […]
Legal
September 26, 2023
Gambling Regulator in Lithuania Fines Amber Gaming $16K
The gambling regulator in Lithuania, the Lithuanian Gambling Supervisory Authority, constantly monitors the gambling operators in the country and imposes fines or other sanctions in case it uncovers breaches of the established regulations. Amber Gaming, a betting and gaming operator in the country, was the latest operator to fall under the Authority’s scrutiny. On Tuesday, […]
Legal
September 14, 2023
Top Sport Breaches Lithuania’s Self-Exclusion Rules, Gets Fined
Top Sport, a Lithuanian online casino and sports betting company, has once again encountered issues with the local regulator. Forced to pay a fine of almost $27,000, the company was accused of providing gambling products to a self-excluded person. The report was filed by the self-excluded person themselves. In March, the player successfully entered their […]
Industry
August 3, 2023
Lithuania Imposes Increased Gambling Licensing Fees
Effective as of 27 July 2023, Lithuania’s new resolution takes significant steps to regulate and streamline the gambling industry in the country by adjusting specific state fees and payments applied to gambling-related business and economic activities. These new changes aid the government’s goal to create a sustainable framework that provides a level playing field for […]