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Lithuania follows Belgian model for remote gambling regulation

11th February 2014 10:36 am GMT

The government of Lithuania has notified the European Commission of a new draft law to regulate online gaming.

The Lithuanian gambling market is currently regulated under Gambling Law No. IX-325, but this legislation fails to adequately address remote gambling. As a result, Lithuanian licence holders are said to be operating at a disadvantage versus offshore competitors who serve the market without a local licence.

Under the draft law, public and private companies established under Lithuanian company law, [...]

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