A deal between the regulators of Lithuania and Ukraine has been reached on the oversight of lotteries and gaming.
How Will It Work?
In compliance with the agreement, two governing agencies will interchange:
- existing knowledge;
- best practices;
- suggestions for enhancing the market.
The objective is to strengthen industry expertise and guarantee adherence to local legal requirements in each jurisdiction.
Specialists from each party are going to cooperate and discuss:
- market regulatory techniques;
- legal expertise;
- pertinent concerns relating to the utilisation of judicial acts, etc.
Party’s Comments
The Lithuanian delegation's Virginijus Daukšys stated their side is ready to share information with Ukrainians in fields with significant proficiency. He claims that it might be preventing problem gambling, the mechanical specifications for gaming equipment, etc.
The representative adds that the country welcomes such an alliance. Mr Daukšys expresses his expectations for long and fruitful cooperation.
Situation in Ukraine
The Ukrainian authorities reminded the nation's casino enterprises to make sure they function following wartime curfew regulations.
Despite the ongoing Russian invasion of Ukraine, some gaming facilities started to open there, and the majority of distributors relocated to the west, away from the most dangerous territories in the east.
Even though these businesses are permitted to re-open, they still have to comply with the short-term restrictions put in place by martial rule throughout the nation during the war.
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