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Estonia’s Gambling Tax Revenue Falls in February

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4 years ago

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Estonia’s gambling tax revenue has fallen one third in the month of February.

Restrictions imposed due to coronavirus are having a significant impact on gambling tax receipts, to the extent they are paralysing activities of activities, including those related to social welfare, financed by the tax and under the auspices of the Ministry of Social Affairs, the ministry says.

“The fall in gambling tax receipts will undoubtedly put great pressure on the ministry to finance agreed projects,” Rait Kuuse, deputy secretary-general for social policy at the social affairs ministry, said.

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“Our goal, in cooperation with our partners, is to find an opportunity to continue the agreed activities and, if necessary, to make new decisions together in certain places, if, for example, the implementation of what was agreed proves impossible due to the implemented restrictions. We have asked all partners to review the activities planned for this year and to reevaluate which activities it is reasonable to realize in view of the emergency situation and whether anything can be postponed,” Kuuse added.

Application rounds for small projects currently financed via the gambling tax and which would be difficult to implement as a result of the effects of the coronavirus pandemic and accompanying emergency situation have been suspended.

Gambling tax receipts in February had already fallen by one third; a larger fall is expected through the spring months.

“Payments for the second quarter of 2020 took place in April, according to the agreed payment schedule, and we are working to mitigate the negative effects of the crisis,” Rait Kruuse said.

“As a result it is important for us to decide how to proceed, to negotiate openly with our partners, and to provide adequate information about the situation. In doing so, we are considering all ways to ensure sustainable funding for partners to carry out the necessary activities,” he added.

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The Tax and Customs Board (MTA) says that gambling tax receipts were distributed with 45% of the tax coming from lotteries, 34% from slot machines, 5% from casino gaming tables, 4% from toto (a type of lottery-ed,) and 10% from online and other remote gambling.

One percent of gambling tax was collected from tournaments involving games of chance.

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Baltics

HIPTHER Announces the BALTIC & Scandinavian Gaming Awards 2024 Shortlists

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4 mins ago

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April 30, 2024

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HIPTHER, the leading event organizer for Gaming and Technology industries in Europe, is excited to announce the Shortlists for the Baltic & Scandinavian Gaming Awards (BSG Awards), that will honour iGaming industry excellence in the Baltics and Nordics regions for 2024.

Hosted under HIPTHER’s Pioneering GameTech Event in the Baltics, the MARE BALTICUM Gaming & TECH Summit, the BSG Awards recognize and celebrate the achievements of the very best of the iGaming industry, as voted by their peers.

The Final Vote will be cast at the MARE BALTICUM Gaming & TECH Summit by the participants of the conference, and the Winners will be crowned at the BSG Awards 2024 Ceremony that will take place during the event on 4 June 2024.

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HIPTHER is thankful to all the esteemed industry professionals who voted online and decided the Shortlists across a series of streamlined Categories covering iGaming Operators, B2B Providers, and Connected Services such us Testing Laboratories and Payment Service Providers.

View the Baltic & Scandinavian Gaming Awards Shortlists

 

Baltic & Scandinavian Gaming Awards – BSG Awards 2024 Categories

Baltics: Operators Categories:

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  1. Best Online Casino in the Baltics
  2. Best Sports Betting Operator in the Baltics

 

Baltics: B2B Categories:

  1. B2B Providers (Sports): Best eSports Service Provider in the Baltics
  2. Best Fantasy Sports / Virtual Sports Provider in the Baltics
  3. Rising Star in Baltic Fantasy Sports / Virtual Sports
  4. Rising Star in Baltic Sports Betting Technology
  5. Best Sports Betting Provider in the Baltics
  6. B2B Providers (Casino): Best Online Casino Provider in the Baltics
  7. B2B Providers (Casino): Best Slots Provider in the Baltics
  8. B2B Providers (Casino): Best Live Casino Provider in the Baltics
  9. B2B Providers (Casino): Rising Star in Baltic Online Casino Technology
  10. Connected Services – Best Payment Service Provider in the Baltics
  11. Connected Services – Best Testing Laboratory Provider in the Baltics

 

Nordics: Operators Categories:

  1. Nordics: Best Online Casino in the Nordics
  2. Nordics: Best Sports Betting Operator in the Nordics

Nordics: B2B Categories:

  1. B2B Providers (Sports): Best eSports Service Provider in the Nordics
  2. B2B Providers (Sports): Best Fantasy Sports / Virtual Sports Provider in the Nordics
  3. B2B Providers (Sports): Rising Star in Nordic Fantasy Sports / Virtual Sports
  4. B2B Providers (Sports): Rising Star in Nordic Sports Betting Technology
  5. B2B Providers (Sports): Best Sports Betting Provider in the Nordics
  6. B2B Providers (Casino): Best Online Casino Provider in the Nordics
  7. B2B Providers (Casino): Best Slots Provider in the Nordics
  8. B2B Providers (Casino): Best Live Casino Provider in the Nordics
  9. B2B Providers (Casino): Rising Star in Nordic Online Casino Technology
  10. Connected Services – Best Payment Service Provider in the Baltics
  11. Connected Services – Best Testing Laboratory Provider in the Baltics
  12. Connected Services – Best Hosting Provider in the Baltics

Congratulations and best of luck to all the Shortlisted Companies!

See you in Tallinn & the MARE BALTICUM Gaming & TECH Summit 2024 – Register Now

The post HIPTHER Announces the BALTIC & Scandinavian Gaming Awards 2024 Shortlists appeared first on European Gaming Industry News.

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Baltics

Evoplay bolsters presence in Lithuania with Betsafe deal

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4 days ago

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April 26, 2024

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Evoplay, the award-winning game development studio, is expanding in the Baltics thanks to its latest tie-up with Betsafe in Lithuania.

The deal sees over 90 of the supplier’s leading titles live on the Betsson Group’s Lithuanian brand Betsafe, a leading operator in the market.

Included in the agreement are Evoplay’s top-performing titles such as Elven Princesses, Hot Triple Sevens and The Greatest Catch Bonus Buy which are now available for Betsafe players.

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The latest integration follows a string of similar deals for Evoplay who has continued its expansion across regulated markets in Europe and beyond.

Ihor Zarechnyi, CBDO at Evoplay, said: “Integrating our products to Betsafe, a leading brand in Lithuania, is another important step in our commercial trajectory as our titles continue to grow in popularity and develop a stellar reputation among gaming enthusiasts worldwide.

“Lithuania is a vibrant and dynamic market, and we are thrilled to bring our award-winning content to even more players in the region.”

Aurimas Šilys, Head of Lithuania at Betsson Group, said: “Boosting our offering with a diverse array of titles is of utmost importance for Betsafe as we strive to deliver an unmatched gaming experience to players in Lithuania.

“We are delighted to integrate Evoplay’s dynamic portfolio into our offerings, and we anticipate it will resonate exceptionally well with our audience.”

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The post Evoplay bolsters presence in Lithuania with Betsafe deal appeared first on European Gaming Industry News.

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Baltics

CT Interactive has concluded a key deal with Twinsbet.lt

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1 week ago

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April 23, 2024

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CT Interactive has concluded a key deal with Twinsbet.lt, marking a significant milestone in its strategic expansion across the Baltic region. The deal, primarily focused on the Lithuanian market, signifies CT Interactive’s commitment to enhancing its footprint in Estonia, Lithuania, and Latvia.

Milena Tsankarska, CCO at CT Interactive, expressed her confidence about the collaboration, stating: “We are thrilled to partner with Twinsbet.lt, a reputable player in the market. This strategic alliance aligns perfectly with our mission to deliver cutting-edge gaming experiences to players across the Baltics.”

Antonio Donov, Business Development Manager EMEA at CT Interactive, said: “Twinsbet.lt’s dedication to providing top-quality gaming services resonates with our own values. This collaboration opens up new avenues for growth and innovation, allowing us to cater to the diverse preferences of players in the region”.

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Through this deal, games like Chili Fruits, Coffee Magic, Pot-o-Luck, 40 Treasures, Lucky Clover and more will become available at Twinsbet.lt.

“This collaboration with CT Interactive underscores our commitment to delivering unique gaming experiences to our customers. By leveraging CT Interactive’s expertise and innovative solutions, we are confident in our ability to elevate the gaming landscape in Lithuania and beyond”, commented a Gunnar Vilk COO of Twinsbet.lt.

The post CT Interactive has concluded a key deal with Twinsbet.lt appeared first on European Gaming Industry News.

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