Types of Online Casino in Lithuania
If gambling was an indispensable part of people’s lives, then it would for sure benefited from the opportunities availed by the Internet to bring more proponents. At the end of the day, the network brought more popularization to slot machines. Games in online casinos have become more diverse and available anytime, anywhere. Besides, according to the interface features, the casinos got divided into four types.
Download online casinos
We can understand how these casinos work merely from their titles. You can access a game of a Lithuanian online casino when you download it to your computer and install the needed software. But at first, ensure two things: check the hard disk space for downloading and installing online casinos and make sure the online casino keeps up with the safety requirements. Otherwise, you can bring some viruses to your computer.
Browser online casinos
A big part of players in Lithuania prefers this type of online casino due to its numerous advantages. One can enjoy the same features as in the download online casinos, but without having to download any software to your computer. What you will however need is high-speed Internet and installed plug-ins Flash or Java.
Increased capabilities of mobile devices have paved the way for virtual casinos and smartphones. If you own one of the popular mobile gadgets or a smartphone based on the Android and Windows Phone operating systems, you will also have access to mobile versions of the casino. You can play either through the mobile application of your favorite online casino installed on your phone, or directly via the Internet in any browser. This will not affect the memory of your phone, so you are free to keep gambling for hours without limitations.
Players who like to play with a real dealer will especially like live casinos. For this reason, they are called “live casinos with live dealers”. Indeed, playing online with a dealer is quite similar to playing at a real casino. This is what gamblers say after visiting physical casinos in Lithuania. Live games are transmitted through a camera. A player can also choose the video resolution to get the desired video quality. Live games will plunge you into the atmosphere of a real gambling house at any time.
As you can see there is a wide variety of casino types in Lithuania to choose from and all of them are quite convenient to use, you only need to know how to win.
Types of Casino Games for Lithuanian Gamblers
OlyBet from Olympic Casino is one of the leaders of gambling services in Lithuania. The resource offers the following types of entertainment:
- slot machines;
- board game emulators;
The online service from Olympic Casino is available not only to users from Lithuania but also to players from other countries of the world. The casino has a good reputation, provides gamblers with all necessary guarantees and has the highest attendance among Lithuanian services. Besides, popular online casinos in Lithuania include:
– Royal Panda.
Even though a lot of online resources in Lithuania are being blocked, persistent users eager to try different games find ways to access the sites they search for.
Lithuania’s gambling market is best known for its slot machines. At the moment more than 1,100 machines are available in 51 casinos. And this is only the beginning. The majority of casinos offer a wide variety of games for any taste and budget. Table games comprise about 10% of the games played in casinos. Other popular games include Blackjack, Roulette, Craps and can be played in larger casinos.
Lithuanians are avid poker players. This game is in high demand in casino Olympic. It’s hard to resist playing a game when 33 poker tables are open in the country daily. Some casinos arrange poker tournaments for real professionals who know all the nuances of the game.
Like in other EU countries, sports betting is gaining more interest in Lithuania. Lithuanian players really like basketball betting, as it is considered a national sport here. Most of the gaming establishments that have a license can offer table games, slots and sports betting.
Lithuania still has steps to take to improve the situation with gambling, but we are sure with the right approach this can be done in no time.
Online Gambling Laws and Regulations in Lithuania
Gambling is regulated by the Gaming Control Authority under the Ministry of Finance, which is chaired by Virginijus Daukšys. The gambling was legalized after the republic proclaimed its sovereignty in 1990, but four years later the ban on such activities came back into force. In 2001, the situation changed. The government adopted the law that made it possible for gambling to have a new start.
The following types of gambling are allowed in Lithuania:
- board and card casino games;
- slot machines;
- bets and sweepstakes;
The legalization of gambling was a long and difficult procedure. This initiative was actively opposed by the Catholic Church, which has a powerful influence in Lithuania. Supporters of legalization admit that gambling fans find their way to play in bordering states, which does not eliminate potential gambling addiction and, at the same time, leaves the country without a significant income. In addition, the ban on gambling adversely affected the tourism industry in Lithuania. Nevertheless, in 2000, the bill was approved and came into effect in the middle of the next year.
When it comes to the licensing of the gambling business in Lithuania, the following license types are available:
- board games and slot machines of category A;
- slot machines of category B;
- sports betting;
The license is issued by the committee after approval by local authorities of Lithuania. This type of activity and its organization is not entrusted to people with criminal records or people involved with criminal groups. Gambling advertising in Lithuania is prohibited. It is forbidden to locate gambling establishments in residential buildings, near recreational and educational institutions.
For the organization of games in Lithuania, it is allowed to use only labeled and licensed equipment. The organization of other activities at the same time is prohibited. You should be no less than 18 years of age to take part in gambling activities. The gambling establishments are subject to taxes in the amount of 15% of the quarterly income.
In 2016, Lithuania issued a law that tightened the activity of online casinos. According to this regulatory act, to ensure full legal operation, the operator is obliged to form a partnership with a Lithuanian land-based establishment. The registered capital of the company must be at least 1,800,000 USD. The Lithuanian bill was done by analogy with a respective law of Belgium, which has almost identical stipulations.
After the government of Lithuania put amendments to the law regulating gambling activities, a blacklist of Internet resources was formed. The list included sites that are not in line with the new requirements. Among the resources that have been banned were such popular international services as Unibet, William Hill, and Betway. Financial institutions involved in transactions with illegal online casinos can be penalized.
Best Deposit Methods for Lithuanian Gamblers
Online casinos have many differences, and one of them is the number of payment methods available to players. Some casinos offer only a couple of payment methods, others – much more, some of which are available only in certain countries, but most of the resources have one thing in common – they accept credit cards and payments through e-wallets. And Lithuanian casinos are no exception because these are, without a doubt, the most popular and widespread payment methods around the world.
Credit and debit cards have been popular since the online gaming industry thrived in the 1990s, and continue to be the most commonly used payment method. Over the last decade, payment systems such as Skrill, Neteller, Paypal, have gained popularity, and so became widely used in all casinos, including Lithuanian gambling establishments. The main advantages of these systems are safety and reliability. Since these are well-known brands, you can rest assured that your money is safe. An important thing to note is that 90% of payments done via cards and e-wallets are processed instantly, which means, you can start playing your favorite games within seconds after you put money into your account. This is especially beneficial for those who need to quickly deposit money to continue the game, in which a big win is expected.
As to Lithuanian casinos, they eagerly accept the following cards: Visa, Maestro, MasterCard, American Express. One can easily pay with Paypal or transfer money with other online payment services such as EcoPayz and ClickandBuy. Those who prefer online banking systems may opt for eKonto, Giropay or iDEAL as an alternative.
We still have to mention such popular e-money transfer services as Skrill, Neteller, which are also known as web-wallets. The reason behind their high popularity is high speed as they allow to make a transaction in no time.
Anyway, there are still some things to be considered before you deposit in a Lithuanian casino. It is advisable to find out how a casino goes about deposits and withdrawals to handle funds on your account without any problems. The process must be simple and easy to understand.
Accepted Currencies in Lithuania
The litas is the monetary unit of the Republic of Lithuania from 1922 to 1941 and from 1993 to 2014. It consisted of 100 cents.
On January 1, 2015, Lithuania entered the eurozone, when the euro replaced the national Lithuanian litas at the rate of 3.45280 litas for 1 euro.
After the First World War independent Lithuania was using the currencies of other countries.
Due to the absence of its own legal issuing bank, Lithuania introduced the ostmark called auksinas as an official currency according to an agreement with the German Eastern Credit Office. In the middle of 1922 due to hyperinflation, the normal functioning of trade, banking and finance was disrupted. The Seimas of Lithuania had promptly adopted the law on the introduction of the litas and the establishment of the Bank of Lithuania.
Temporary banknotes of Lithuania were issued on September 25, 1922. The litas was put into circulation on October 1, but in fact – on October 2, 1922. Exchange of auksinas per litas was carried out at the rate set by the Minister of Finance weekly, taking into account the ratio of the mark and the dollar. The original ratio was 175: 1. Banknotes were printed in England, Czechoslovakia, and Germany. The coins issued in 1925 were also made abroad. Coins of 1936 and 1938 were minted in Kaunas.
After Lithuania had joined the USSR in 1940, it replaced the litas with the Soviet ruble on March 25, 1941.
After the restoration of independence, “common vouchers” had been used as currency since August 5, 1991. On October 1, 1992, they became the only legal currency in the state.
The litas was released on June 25, 1993. Temporary coupons could be exchanged in the ratio 100: 1 and remained in circulation until July 20, 1993.
Euro has been the only legal tender in Lithuania since January 1, 2015. The litas was converted into the euro at a rate of 3,45280:1. Litas and euro were used simultaneously from January 1 to January 15, 2015. It was possible to exchange litas for euro in post offices and all banks until March 1, 2015, and only in banks till March 30, 2015. By December 30, 2015, there remained only a few banks exchanging litas for euro. Since then, only the Bank of Lithuania can make the exchange.
Before you choose a casino in Lithuania to play at, a lot of factors have to be considered. You need to find out if it has a license, look through the player reviews, estimate the quality of slot machines, and the process around withdrawals. However, one of the most important things to look at is the technical support service. Ideally, this should be an around-the-clock service that would solve any difficulties the customers may face. Diligent operators always try to do everything as quickly as possible and with the highest quality possible.
Online casinos in Lithuania are an example of this kind of service. Here, customers can find a convenient system of feedback and communication, represented by an online chat. Here you can ask any questions you are interested in and make any requests.
Customer support in a Lithuanian online casino is focused on providing first-class assistance of any kind and with any query that you might have. A support agent is specifically trained to solve any problem that you may have while playing a game in an online casino. Therefore, you do not need to understand the rules yourself, if you don’t know something, a support specialist will gladly help you out in your situation. There are a few methods to get in touch with a support agent in a Lithuanian casino: by phone, chat or email. Whichever method you opt for, you will receive the necessary information and timely assistance with your issue. A customer support specialist will do everything possible to prevent any similar problems in the future.
Predictions About the Future of Online Gambling in Lithuania
The European Commission express harsh criticism regarding the restrictions imposed on online casino operators in Lithuania. We hope that subsequent changes in legislation will make the working environment of European operators more open. We know how this happened in Sweden and other EU member states. Because of the requirements for ensuring free access to the legal services of EU companies, the authorities of these states were forced to soften the previously established requirements.
By looking at the current situation in the virtual gambling business in Lithuania as compared to other EU countries it can be stated that this entertainment segment is still forming. The existing legislative base generates resentment both among the players and the international regulatory authorities.
On the one hand, gamblers of Lithuania can access the resources they look for since no responsibility for playing on foreign websites is assumed. On the other hand, the experience of other European countries shows a possible change in the laws governing foreign operators in terms of more loyalty to their operation. The changes are expected to take place shortly. As for land-based institutions, their work is organized at the highest level and can satisfy the requirements of all categories of players.
Lithuania makes it obligatory for all online casinos to acquire licenses and provide a safe environment for the visitors according to the requirements. The country takes all the necessary measures to regulate the market in a way that will allow the customers to not worry about their safety while making bets in Lithuanian online casinos.
Our task is to track down any information regarding gambling in Lithuania and to let you know immediately when any changes take place. Here on our website you will find the latest reviews of Lithuanian online casinos and choose whichever suits you best to make a bet and win some real money online. Each casino has its description, so all you need to do is to go through the information about Lithuanian casinos availed on our website and pick the one that appeals most to you.
Playing in an online casino in Lithuania is a good way to relax, get some fun and at the same time win some great bonuses and attractive payouts.