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Lithuanian parliament approves new online-only gambling licences - iGB
While the piece of legislation of 2001 has set up the legislative framework to conduct most forms of gambling in Lithuania, the law had to go through several amendments to fit the evolving gambling sector. Agencies accredited in a non-member state and their issued certificates may be recognised by a decision of an institution authorised by the government. When organising remote international Lottery Play Summit gambling, a rate of 13 per cent shall apply to the lottery and gambling tax base. The Gaming Law states that the right to organise remote gaming shall be given to those companies granted a gaming licence under the statutory procedure and that (1) operate at least one gaming establishment (casino or at least five totalisator stations. Such a mandatory request may be cancelled by order of the director of the Gaming Authority where an illegal gambling organiser applies for and is granted both a land-based and a remote gambling licence. In 2016, Lithuania put a start on the legalization of online gambling, allowing operators to apply for online casino and sports betting licenses. Unfortunately, the global recession of 2008 forced quite a few casinos to shut down and the coronavirus pandemic further decreased the number of operating land-based casinos in Lithuania. One of the reasons for the new gambling regulations is for Lithuania to attract more foreign investments as the number of online casinos currently operating in the country is rather low. Iv Land-based gambling Machine games, bingo and games of gaming establishments (casinos) may be organised only in the premises indicated in the permit for opening gaming machine halls, bingo halls and gaming establishments (casinos). The Gaming Authority has set technical requirements for gambling electronic data management systems. Meanwhile, the second type of land-based gambling facility for casino games is defined as a machine hall where only category B machines can be operated. Lithuania (Consolidated version from to ). On, legislation came into force which regulated online gambling in, lithuania for the first time. Under the new regime, operators based in the EEA will be able to apply for a licence to provide online gambling services to customers in, lithuania. The law authorises the following games. Lithuanian parliament approves new online-only gambling licences 23rd September 2021 By Daniel O Boyle. Njord Lithuania: New online-only gaming licences will be available
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