Lithuania: Tete-a-Tete Casino slapped with €15,000 fine

Posted:: Mar 16, 2021 17:26 Category: Casino , Online , Regulatory , Posted by Maria

The operator under investigation was found to have limited placed bets and winnings received by a player and was issued the first fine ever by the Gambling Supervisory Authority

Lithuania’s Gambling regulator has imposed a fine of €15,000 to UAB Tete-a-Tete Casino. Following an investigation, the operator was found to have unreasonably limited the amount of bets placed and winnings received by the player.

Lithuanian regulatorThis is the first fine issued by the Gambling Supervisory Authority since the introduction of Lithuania’s Gambling Act which entered into force on January 1st 2016.

The regulator issued a fine on the bases of Lithuania’s remote gaming regulations which doesn’t give the operator the right to apply betting restrictions without finding a breach in regulations. The company limited the amount of bets placed and winnings received by the player.

Back in 2019, a court in Lithuania ordered an employee of online gambling operator Cbet to pay a fine of €1,500 after he was found to have breached national rules on advertising.

Gambling ads in Lithuania are only limited to the name, trademarks and other types of gambling operators can offer and no additional visual or written content can be offered with them.

The decision made by the regulator this week is not final and may be appealed in accordance with the procedure established.

SiGMA Roadshow – Next stop Las Vegas:

After our successful roadshow in Ukraine – The SiGMA Roadshow’s next stop is Las Vegas. Our Virtual Roadshow reflects SiGMA’s gobal events opening in 5 major regions over the next few years, specifically Europe, the CIS region, Asia, the Americas, and Africa. Our previous virtual event, held in Ukraine, welcomed over 2,500 delegate registrations and over 1,500 conference views. There were also over 75 exhibitors and the number of total booth entries hit close to a 6k mark. SiGMA expects more of the same with our Las Vegas Virtual Roadshowand should you want to be part of it you can register today!

Related Posts

iTech Labs scores high on…

iTech Labs identifies four main areas that they’ve found are important to customers in a test lab provider: Quality of…