Lithuania’s gambling revenue for Q1 2020 has fallen 2.8% year-on-year to €25.9m, with an increased online contribution not enough to offset land-based declines caused by Covid-19.
Despite the decline in revenue, turnover across all licensees was up 13.8% to €296.5m in the three months to March 31. This was due to a significant jump in the contribution from online betting and gaming, which climbed 54.2% to €201.2m, meaning the channel accounted for 67.9% of market turnover in Q1. With Lithuania’s land-based venues closed from 16 March, turnover for the channel was down 20.8% to €94.3m.
Online gambling revenue grew 39.1% to €11.8m. Despite the suspension of sports across the globe, betting revenue grew 14.6% to €6.0m, with amounts wagered rising €111.0m, a 15.6% increase.
Category A online slots accounted for €5.3m in revenue (up 85.2%), and amounts wagered soared 165.0%. Category B slots, where stakes are capped at €0.5m, saw revenue climb 14.5% to €243,678 on stakes of €2.1m, up 29.5%. Online table game revenue rose 59.8% to €165,541 from stakes of €230,750.
However, the land-based market struggled as a result of the Covid-19 enforced shut-downs, with revenue falling 23.3% to €14.1m.
Category B slot machines accounted for the majority of the quarterly total, though revenue fell 17.7% to €6.5m, after turnover declined 15.2% to €41.1m. Category A machine revenue was down 12.6% to €2.5m, with turnover declining to €10.9m. Table game turnover fell 25.5% to €15.7m, with revenue down 29.8% to €3.4m.
Red Rake Gaming enters Lithuanian market through 7Bet partnership
Premium casino content developer, Red Rake Gaming, partners with 7Bet, the leading Lithuanian online casino platform, to distribute their high-end and innovative suite of top performing casino games into the regulated Lithuanian market.
The collaboration will grant 7Bet, access to Red Rake Gaming studio’s outstanding array of top-tier games. Among these, there are renowned titles such as Super 20 Stars, which offers continuous excitement through its myriad of bonus features, Guardians of Luxor featuring scatters, mini-games, special wheels, and a free spins option, or 1st of the Irish with its multiple features and captivating cascading reels. These games have already captured the hearts of players worldwide and are currently leading the charts in several regulated European markets.
Through continuous delivery of top performing titles, Red Rake Gaming has managed to drive its regulated market strategy and deepen its position in numerous key regulated markets. With content now available in more than 16 regulated markets across the globe, with more expansion in the pipeline, players can enjoy the feature-rich, engaging content from more locations than ever before.
Nick Barr, Managing Director for Red Rake Gaming Malta, commented on the partnership stating: “We are thrilled to partner with 7Bet, who is a key player in the Lithuanian market. We have seen a great response from players in similar markets and very confident the Red Rake Gaming content will help support 7Bet’s continued growth. Red Rake Gaming continues to go from strength to strength across the regulated landscape and we look forward to the Lithuanian market contributing to our ongoing success.”
IGT Enhances iLottery in Lithuania with Remote Game Server and Compelling eInstants
International Game Technology PLC announced that its subsidiary, IGT Global Solutions Corporation, has signed a contract with EULOTO UAB (Euloto), the operator providing lottery in the Republic of Lithuania. As part of the agreement, IGT will deploy its advanced cloud-based remote game server (RGS) and at least 12 eInstant games each year.
IGT will integrate its RGS platform with Euloto’s iLottery system, enabling Euloto to have access to a wide variety of eInstant content. IGT’s eInstant product lineup contains numerous themes, play styles, omnichannel games, popular licensed content and the award-winning progressive jackpot games. Engaging game titles include Gold Blast, Shocking 6’s and Castle Cash.
“IGT’s vast content portfolio will complement Euloto’s iLottery program and offer our players exciting new games to experience. Deploying IGT’s RGS in the cloud also aligns with our goals of providing our players with modern, high-quality solutions, while providing us with the dynamic scalability and reliability required to help grow our business,” EULOTO UAB Director Mantas Lebedžinskas said.
“The integration of IGT’s cloud-based RGS will reduce the need for Euloto to go through any major iLottery system conversions in the future because the infrastructure in the cloud is always up-to-date. This advanced technology enables the Lottery to quickly choose which eInstant games they want to offer to their players from IGT’s library of exciting themes and play styles,” said Srini Nedunuri, IGT Senior Vice President, Global iLottery.
Endorphina Partners with Senator Casino
Endorphina has partnered with Senator Casino in Croatia.
Holding a strong presence in over 27 regulated markets and releasing one groundbreaking slot after the other, Endorphina will help Senator Casino to enrich its game portfolio.
On the other hand, Senator is a leading casino operator with a very strong presence in Croatia that will undoubtedly help Endorphina strengthen its position in the Croatian market.
Rashad Karimov, senior partnership manager at Endorphina, said: “With its decades of market experience, Senator Casino brings its vast knowledge to the igaming industry, and we believe that our diverse portfolio of games such as Chance Machine and Lucky Streak series, as well as our newly released AI-designed Joker RA, will bring a truly epic experience to their players.”
Dražen Jablan, director of Senator Croatia, said: “We are thrilled to team up with Endorphina, whose commitment to innovation and delivering exceptional gaming experiences aligns perfectly with our own values. This collaboration will enable us to enhance our offering and cater to the evolving preferences of our players.”
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