The Ukrainian and Lithuanian regulators signed a Memorandum of Understanding

The Ukrainian and Lithuanian regulators signed a Memorandum of Understanding

A Memorandum of Understanding has been signed between the Gambling and Lotteries Regulation Commission of Ukraine and the Gaming Control Authority of Lithuania.

They will collaborate on gambling and lottery supervision, as well as enforcement, by sharing information and resources in a push to bolster their respective efforts under this agreement.

They will exchange legal information, market regulation practices, the application of legislation, and requirements for businesses.

They plan to hold joint seminars and lectures, among other forums, to discuss and dissemination their respective insights.

Virginijus Daukys, Director of Lithuania’s Gaming Control Authority, said: “We are ready to share with our Ukrainian colleagues our experience in areas where we already have a lot of expertise and practice, for example in the field of problem gambling prevention, the application of

An ongoing collaboration between the two regulators began almost one year ago. Their work was hampered by the Russian invasion of Ukraine.

The new MOU is an official declaration by both parties to continue their cooperation and pursue mutual objectives, undeterred.

Daukys said, “We are very pleased with this agreement and with the fact that our new partners are colleagues of the authority of this tenacious, uncompromising and proud country.”

We hope that this cooperation will be mutually beneficial and that we will support and assist our Ukrainian colleagues in their needs to the best of our abilities and in the scope of our competence.

Summary:

Lithuania’s Gaming Control Authority has signed a memorandum of understanding (MOU) with the Gambling and Lotteries Regulation Commission of Ukraine. Under the agreement, they will collaborate on gambling and lottery supervision, as well as enforcement. They will exchange legal information, market regulation practices, the application of legislation and requirements for businesses. They also plan to hold joint seminars and lectures.