Currently, remote gambling permits are only available to operators that are also licensed to offer land-based gaming, though online-only operators could partner with retail licensees.
However, with the change, a specific online licence would be introduced, and will be available without any kind of tethering requirement.
Online gambling operators must have at least €1.2m in capital to apply for a licence for casino games, or €289,000 for online sports betting and €144,000 for online racing betting.
In addition, the new law also requires municipal councils to approve the building of slot halls, bingo halls and betting shops.
The law also introduces a new fee for all types of gambling licences. All licensees must pay €1m upon receipt of a licence, plus an additional payment depending on licence type. For slots this is €300,000, for bingo and betting €100,000 and for remote gambling €500,000.
Seimas member Mykolas Majauskas – who wrote the amendments – said the changes should bring in €8m annually. He said that these extra funds can be spent on addiction prevention.
A total of 74 members of the Seimas voted in favour of the amendments, while seven voted against and 39 abstained.
The legislature must approve the amendments again in a second reading for them to become law.
Original article: https://igamingbusiness.com/lithuanian-parliament-approves-new-online-only-gambling-licences/
