Covering licensing requirements, advertising restrictions, etc
Lithuanian draft gambling bill submitted to European Commission
2014-02-13
Reading time 32 seg
(Lithuania).- The Lithuanian Government has submitted a draft gambling law to the European Commission designed to clarify current Gambling Law IX-325 by addressing which entities are permitted to provide services in the market and through what channels.
The draft law covers licensing requirements, advertising restrictions, remote gambling conditions and licensing procedures, commercial poker, betting and totalizators, limited slot machines and table games along with other issues such as:
- Clean sheet requirement – applies to company and persons employed by the company
- A share capital of any license applicant of at least 4 million litas (approx. US$ 1.6 million)
- Enforcement measures against illegal operators
- Software and technical requirements
- License applications available only to public and private limited firms domiciled in the Republic of Lithuania
The draft law in Lithuanian can be accessed here
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