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Lithuania’s Online Gaming Growth Fails to Offset Land-based Decline in 2020

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Lithuania’s Online Gaming Growth Fails to Offset Land-based Decline in 2020
Lithuania’s Online Gaming Growth Fails to Offset Land-based Decline in 2020Reading Time: 2 minutes

 

Lithuania’s regulated gambling market saw revenue decline in 2020, despite a 47.1% jump in online gaming revenue mitigating much of the country’s land-based struggles.

Total revenue across all verticals and channels declined 8.1% year-on-year to €103.5m, with the online advances accompanied by a 39.1% drop in land-based revenue to €43.9m.

With customers confined to their homes between March and May as a result of the novel coronavirus (Covid-19) pandemic, igaming participating grew sharply. Total customer spends surpassed $1bn, a 64.3% year-on-year increase, while total revenue grew to €59.6m.

Category A slots were the primary source of online revenue, after the product’s total almost doubled year-on-year to €29.4m.

Despite major sporting events being suspended between March and mid-May as a result of Covid-19, sports betting contributed the second-largest share of any vertical. Betting revenue was up 10.5% to €26.5m, on stakes of €444.1m, a 5.2% improvement on 2019.

Online table game revenue soared, albeit from a low base, to €1.9m, while revenue from Category B slots was up 47.4% to €1.2m.

After Covid-19 pandemic forced in-person facilities to shut their doors from 16 March to 17 May, Lithuania’s land-based market struggled, however.

Customer stakes across all products fell 39.5% below the prior year’s total, to €288.6m.

Category B slots – which limit stakes to €0.50 per spin and have win amounts capped at 200 times the original stake – made up the majority of revenue for the year, at €20.3m, down 37.9%

Table games followed, though again revenue fell, to €10.2m. Category A slot revenue – with uncapped stakes and winnings – dropped 36.1% to €7.8m.

Retail sports betting’s contribution, meanwhile was almost halved, to €5.7m. Not only did the sector face the Covid-19 shutdown, but also saw most major sporting events suspended as a result of the pandemic.

The country’s national lottery Olifėja also reported a year-on-year decline in revenue for 2020. Ticket sales fell 6.7% to €106.3m, and after payouts to players, this left revenue of €46.9m, down 5.9%.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Lithuania’s Online Gaming Growth Fails to Offset Land-based Decline in 2020

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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WorldMatch Partners with Aristocrat Interactive to Offer Full Portfolio on its Aggregation Platform

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WorldMatch has announced that its full portfolio of games is now available via Aristocrat Interactive’s aggregation platform. This landmark relationship represents a significant milestone in WorldMatch’s ongoing international expansion, and solidifies its presence in regulated markets through a collaboration with one of the industry’s most respected and innovative forces.

As part of the deal, WorldMatch’s acclaimed suite of slots, table games and instant games will be seamlessly integrated into Aristocrat Interactive’s state-of-the-art aggregation platform. This ensures that operators working with Aristocrat Interactive can now access and deliver WorldMatch’s high-performance, feature-rich titles to their players, boosting engagement and enhancing retention across key regulated territories.

“We are incredibly proud to bring our games to Aristocrat Interactive’s powerful iGaming ecosystem. Aristocrat Interactive is synonymous with excellence and innovation in gaming, and this relationship is a testament to the quality, creativity, and technical precision that define our content. We’re excited to reach new audiences and strengthen our global footprint alongside a partner that shares our vision for the future of digital entertainment,” said Xhuljana Demerxhiu, Head of Sales at WorldMatch.

WorldMatch’s games are built with a mobile-first approach, ensuring superior performance across devices and delivering immersive experiences with captivating visuals, dynamic mechanics and localised features. By joining the Aristocrat Interactive platform, WorldMatch gains a valuable distribution channel with access to leading operators and a robust, scalable infrastructure designed to support growth and regulatory compliance across multiple jurisdictions.

The post WorldMatch Partners with Aristocrat Interactive to Offer Full Portfolio on its Aggregation Platform appeared first on European Gaming Industry News.

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Belgian Regulator Supports New Law for Tougher Player Protection and Increased Oversight

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The Belgian gaming regulator Kansspelcommissie (KSC) has issued an endorsement of a proposed legislative bill aimed at strengthening player protection and enhancing regulatory oversight over gambling in Belgium.

The draft legislation’s key provisions include a proposed weekly deposit cap of €200 ($232.85) per gambling platform, a prohibition on gambling with credit, restrictions on the number of betting licences issued to newsagents and an extension of the national gambling self-exclusion register to include bars. The bill also proposes limits on the number of slot machines permitted in bar settings.

The bill also seeks to address the regulator’s concerns about its own operational capability and staff shortages. It proposes that the regulator must have at least 10 full-time members of staff, and it would also increase the maximum number of police officers that can be seconded to the commission be from four to eight.

While the KSC has broadly endorsed the bill’s objectives, it has recommended a phased rollout for certain measures, particularly the expansion of the exclusion system, which is expected to be fully implemented by May 2026. The commission also expressed some reservations about a total ban on credit card gambling.

The post Belgian Regulator Supports New Law for Tougher Player Protection and Increased Oversight appeared first on European Gaming Industry News.

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Superbet Appoints Sacha Dragic as Sole CEO

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Starting January 1, 2026, Sacha Dragic will become sole CEO of Superbet, while Jimmy Maymann will return to the Board of Directors. As part of the new leadership structure and also effective as of January 1, 2026, Albert S., current Group COO, will take on the role of Deputy CEO, aligning strategy and driving execution across the organisation.

At the same time, Eamonn O’Loughlin, current CCO International, will take on the role of Chief Operating Officer, expanding his responsibilities to lead customer Operations and Partnerships across the Group, while retaining commercial leadership for markets outside CEE.

Sacha Dragic, Founder and incoming CEO of Superbet Group, said: “I want to recognize Jimmy Maymann, whose leadership and partnership have shaped much of our progress to date. Over the past couple of years, we have achieved remarkable results, advancing our product and technology capabilities, strengthening our position in key markets, and building a culture of financial discipline and accountability. This planned evolution of our leadership team marks a natural step in our growth journey. It reflects the maturity of our organization and our ambition to push forward, positioning Superbet for the next phase of sustainable global expansion.”

Jimmy Maymann, incoming Member of the Board, Superbet Group, said: “When Sacha first asked me to join the Board three years ago, our ambition was made clear: to transform Superbet into a global challenger built on world-class product and technology platform. It was necessary to accelerate that change from within, and I took the lead on that chapter of transformation.

“Together, we have achieved a lot: launching Brazil, growing our actives, revenue and EBITDA while strengthening our product and tech stack, and now, with the migration of Romania to our own platform, we are nearing completion of our first phase of transformation. As we prepare for the next phase, simplifying how we operate will help us move even faster, with a single-threaded leader, our founder, Sacha Dragic.

“It’s been a privilege to work with Sacha and the whole Superbet team and I’ll continue to do so as an advisor and as part of the Group’s Board. This is a great company with a huge potential ahead and I’ll stay engaged and help see it materialize.”

The post Superbet Appoints Sacha Dragic as Sole CEO appeared first on European Gaming Industry News.

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