A court case has been initiated against Olympic Casino concerning a significant fine of 8.4 million euros, linked to allegations of violations of anti-money laundering and gambling laws. During the period from 2016 to 2021, Š. Stepukonis, a partner in the 'Baltcap' fund, reportedly lost millions, raising concerns that these losses may have stemmed from illicit activities. The chief of the gambling authority, Virginijus Daukšys, indicated that a total of five violations were identified, necessitating serious legal scrutiny.

The involved case materials have been declared non-public at the request of the accuser, and the proceedings are set to take place behind closed doors on March 23 and April 28. This move signifies the sensitive nature of the allegations regarding the breach of regulations that aim to prevent money laundering and the financing of terrorism. The legal ramifications could reveal deeper issues within the gambling industry and its oversight.

Furthermore, related to this case, Š. Stepukonis was detained in Vilnius in February 2024 amid an investigation into potentially illegal activities, with indications that he may have misappropriated over 42 million euros from companies associated with the 'Baltcap' fund. Reports suggest that more than 31 million euros of this amount could potentially be linked to losses incurred in Estonian casinos, an aspect that could further complicate the legal landscape for Olympic Casino as the proceedings unfold.