The Seimas on Tuesday passed amendments to ban gambling advertising as of 2028.
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Eight out of 10 Lithuanians would approve of a ban on gambling ads in the country, a poll has revealed.
Gambling operators should be obliged to allocate at least half of their advertising budgets to social and preventive advertising, an MP has said.
MP Justas Džiugelis has suspended his membership at the ruling Homeland Union-Lithuanian Christian Democratic (TS-LKD) party and left the party’s group at the Seimas amid reports of his ties to a gambling lobbyist.
A pre-trial investigation into alleged misappropriation of around EUR 30 million from the BaltCap Infrastructure Fund is of very large scope, prompting officials to refrain from making any initial conclusions, says the Financial Crime Investigation Service (FNTT).
MP Mindaugas Lingė has drafted a bill aimed at prohibiting gambling advertisements. He argues that discussions on the matter have lasted for a long time and the bill should not be linked to the high-profile story involving BaltCap equity fund, whose former partner is suspected to have embezzled and ...
Former partner of BaltCap Infrastructure Fund, Šarūnas Stepukonis, might have gambled away millions of euros of the fund’s money by forging documents and lying. This was revealed in an interview to BNS by Simonas Gustainis, managing partner of BalCap private equity fund.
Private equity fund BaltCap has filed a EUR 16.6 million lawsuit against its former partner in Lithuania Šarūnas Stepukonis and gambling company Olympic Casino Group Baltija, and its Estonian shareholder OB Holding 1, reports business news website vz.lt.
The share of gambling residents in Lithuania has dropped by 3 percentage points over the past two years. However, the popularity of online gambling has almost doubled, a new survey shows.
On Friday President Dalia Grybauskaitė signed amendments to the Gaming Law, which will give rise to the supervision of online gambling.
