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Lithuanian Gambling Bill Submitted to EC
Tuesday February 11 ,2014 : LITHUANIAN DRAFT GAMBLING BILL SUBMITTED TO EC
Designed to remove any ambiguity in current Gambling Law
The Lithuanian Government has submitted a draft gambling law to the European Commission designed to clarify current Gambling Law IX-325 by addressing which entities are permitted to provide services in the market and through what channels.
The draft law covers licensing requirements, advertising restrictions, remote gambling conditions and licencing procedures, commercial poker, betting and totalizators, limited slot machines and table games along with other issues such as:
- Clean sheet requirement - applies to company and persons employed by the company
- A share capital of any licence applicant of at least 4 million litas (approx. US$ 1.6 million)
- Enforcement measures against illegal operators
- Software and technical requirements
- Licence applications available only to public and private limited firms domiciled in the Republic of Lithuania
The draft law in Lithuanian can be accessed here: http://ec.europa.eu/enterprise/tris/pisa/app/search/index.cfm?fuseaction=getdraft&inum=1992198
Gambling News :
Live Dealer Now At Slotocash -
Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
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