Lithuania to Regulate Online Gambling Market

According to the publication Delfi.lt, Lithuanian president Dalia Grybauskaitė signed amendments to the national Gaming Law on Friday that covers the supervision of online gambling.

The president pointed out that Lithuania and the Netherlands are the only member states in the European Union that do not regulate remote gambling activity. The changes will lead the way toward a supervised and regulated market.

President Grybauskaitė said that gaming regulations will help eliminate illegal gambling and provide protection for players.

The amendments must receive the approval from the Commission to ensure that they comply with EU standard requirements.
  • Jade lcb

    jade

      Hero Member
    • female
    • online
    • 407
      thanks given
    • 364
      thanks received
    I was thinking the same thing as sharpe. No regulation in Lithuania until now, what has taken them so long and where have they been, under a rock. I agree with barebones as well. Are they wanting to protect the people in Lithuania or did somebody say, hey dummy, you are missing out on a lot of money here. Either way the people are a little more protected against the many illegal sites that have probably been enjoying is unregulated area until now ......
  • No avatar medium

    sharpe

      Newbie
    • offline
    • 20
      thanks given
    • 5
      thanks received
    There's have to be some rules and regulations to the online gambling companies activities and it's pretty strange that there are no supervision in Lithuania until now. I think there was all ready some changes in the other mentioned country Netherlands and obviously it's time for the Lithuanian authorities also to take measures against the illegal online gambling.
  • Index

    barebones

      Hero Member
    • female
    • offline
    • 111
      thanks given
    • 389
      thanks received
    As far as I think that the fact that they will control the gambling, is good, in a way that it will protect6 players from unsure sites, I am sure that it won't make a big difference. Because they will probably block internet gambling sites that won't pay for licence.This happened last year in Latvia- but now without proxy I cannot even access Bet365 casino which definitely isn't an unsafe place, they just don't want to pay for the licence because it costs very much (a couple of millions, if I remember correctly). In other words, even though the government says they are doing this to protect players, they just want to earn some money.
  • Index

    Armage

      Super Hero
    • male
    • offline
    Money won is twice as sweet as money earned
    • 412
      thanks given
    • 524
      thanks received
    illegal gambling in Lithuania? seriously? :D For Lithuanian government, internet gambling = illegal gambling.. no words..

All News Categories

Most Viewed Articles

See all

Related News

Join today and start earning rewards

You will immediately get full access to our online casino forum/chat plus receive our newsletter with news & exclusive bonuses every month.
S logo

Report to moderator

Use this function to inform the moderators and administrator of an abusive or wrongly posted message.

Please note that your email address will be revealed to the moderators if you use this

Select Language
Search
Search Results
39012170