Lithuania to Regulate Online Gambling Market

Lithuania to Regulate Online Gambling Market According to the publication, 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.
  • 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 ......
  • 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.
  • 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.
  • illegal gambling in Lithuania? seriously? :D For Lithuanian government, internet gambling = illegal gambling.. no words..

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