Online gambling licenses approved by the Lithuanian parliament
Lithuania’s Seimas approved a number of changes to the country’s gaming law on first reading, including online-only licensing
Currently, being licensed to operate land-based games is required to be able to offer remote gaming, although operators are allowed to team up.
With these changes, an online-only license would be possible.
Online gaming operators must have a capital of 1.2 million for 바카라 games or 289,000 for online sports betting and 144,000 for online racing betting to be able to apply for a license . In addition, the new law also obliges city councils to authorize the construction of slot machine rooms, bingo halls and betting shops.
The bill also?establishes a new fee?for all kinds of licences. On receipt of a licence, licensees must pay 1m plus a supplementary fee, depending on the kind of licence. This is 300,000 for slots, 100,000 for?bingos and betting, as well as 500,000 for remote play.
Mykolas Majauskas, a member of the?Seimas?who wrote?the modifications, claimed it would bring in?the changes 8 million each year. He suggested these additional monies might be used to prevent addiction.
A total of 74 Seimas members voted in support, while 7 voted against and 39 abstained. In the second reading, the legislature would again need to accept the amendments for the bill to become legislation.
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