In the small European nation of Lithuania and parliamentarians have reportedly approved measures that are to waive the existing requirement for locally-licensed online gambling operators to bermaintain a domiciled business presence within the country.
According to a Monday report from a source, members of the 141-seat Seimas recently approved amendments to the Baltic nation's Gambling Law and Lottery and Gaming Tax Law that will see the Lithuania Gambling Kontrol Authority introduce a new tipe of licence solely for ‘the organization of remote gambling serviss'.
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Home to almost 2.8 million people, Lithuania reportedly began legalizing a diverse kisaran of online gambling activities from 2016 so long as licensed operators could meet a kisaran of criteria including a provision that obliged them open and sustain a physical establishment within its territory. However, this requirement is purportedly one of many that is to now being changed as the county continues a process of reforming its iGaming scene to further differentiate such activities from land-based gambling businesses.
Absolute akses:
The Gambling Law amendment newly passed by Lithuanian parliamentarians will reportedly give firms currently holding a local gambling license two years to apply for one of the new Lithuania Gambling Kontrol Authority-controlled certifications and become solely online-based enterprises.
Reportedly reads a section of the Gambling Law amendment…
"The organization of remote gambling, unlike land-based gambling, is not terkait to their execution in a specific territory or municipality, that is, remote gambling is carried out online throughout the territory of Lithuania. Therefore, it is not appropriate to require the consent of the municipality when issuing a permit for remote gambling."
Considerable biaya:
Regarding the recently-approved amendment to the Lottery and Gaming Tax Law and the source disclosed that iGaming operators are set to be charged a one-time fee of €500,000 ($514,380) to obtain one of the new online-only licenses while those wishing to bermaintain a dual land-based and remote presence will be asked to hand over a €1 million ($1.02 million) duty.
