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Lithuania is reviewing its gambling legislation
1/11/10 - Perhaps spurred on by the efforts of other Baltic nations like Estonia, Lithuania is reportedly developing new laws to handle the contentious area of Internet gambling...and early indications are that it could follow the Estonian model, controlling licensees with strict but genuine regulations that will require local licencing and servers in-country, as well as protection for the vulnerable....and of course taxation.
Land gambling only found its feet in 2001 in Lithuania with legislation leading to the establishment of the first land casino in the tiny country in 2002. Since then, growth has been slow but steady and there has been some Internet intrusion into the market, which the outdated laws have trouble in addressing.
Local companies continue to dominate the Lithuanian online sector, although there is increasing international interest.
The new legislation now being drafted will specifically address Internet gambling and how it is to be regulated, with some optimists opining that it could see the light of day before the middle of 2010.
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Gambling News :
Amaya FY2016 Trading Update -
The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.
LeoVegas To Sponsor Leicester Tigers -
The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.
Optima Information Services iShop -
Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.
CAGAYAN CHIEF MOVES TO REASSURE LICENSEES -
Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.
New Massachusetts Online Gambling Bill -
It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.
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