Lithuania: The latest Member State to propose new online gambling regulations

more+
less-
more+
less-
Explore:  Gambling Online Gaming

Gambling Law No IX-325 currently regulates gambling in the Republic of Lithuania. However, it fails to take account of which entities are permitted to provide gambling services and through which means of communication. In a move to protect the incumbent local operators and remove any ambiguity as to the interpretation of the Gambling Law, the Lithuania government has submitted a draft law to the European Commission in accordance with Directive 98/34/EC.

The draft law provides that licences shall be available to both public and private limited companies established in Lithuania providing the share capital of any applicant is at least 4 million litas (circa. £1 million).  The draft law also sets out enforcement measures to be taken against illegal operators as well as software and technical requirements. Once the three month standstill period is over, the Gaming Control Authority must then approve the regulations before licences will become available.

It will be interesting to see how the Commission responds to the draft law given it  made an official request for information from Lithuania for having national legislation which restricts the supply of gambling services.

The draft law (in Lithuanian) can be accessed here.

Written by:

Published In:

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© DLA Piper | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »

All the intelligence you need, in one easy email:

Great! Your first step to building an email digest of JD Supra authors and topics. Log in with LinkedIn so we can start sending your digest...

Sign up for your custom alerts now, using LinkedIn ›

* With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name.
×
Loading...
×
×