KSA Grants 10 Licences for Online Gaming in the Netherlands – European Gaming Industry News

Reading Time: < 1 minute

The Seimas, Lithuanias legislature, has approved the first reading of amendments that would allow online-only gaming licences in the country.

At the moment, only operators that have a licence to offer land-based gaming can hold a remote gambling permit in Lithuania. Online-only operators must partner with land-based licensees to be able to offer gaming in the country. The new amendments to legislation would introduce a specific online licence that wouldnt require a partnership.

Operators who wish to apply for a licence would need to hold at least 1.2m in capital in the case of casino gaming, or 289,000 and 144,000 in the case of online sports betting and online horse racing betting respectively.

Meanwhile, a new fee would apply to all kinds of gambling licences. Licensees must pay a fee of 1m on receipt of their licence and an additional payment depending on the type of licence. That payment would be 300,000 for slots, 100,000 for bingo and 500,000 for remote gambling.

The amendments would also require the construction of new slot halls, bingo halls and betting shops to be approved by municipal councils.

The first reading of the amendments was approved with 74 votes in favour, seven against and 39 abstentions. A second reading is still needed before the proposals become law.

Related

See the article here:

KSA Grants 10 Licences for Online Gaming in the Netherlands - European Gaming Industry News