Lithuania introduced an updated structure to their new licencing fees for new licensing fees for gambling businesses and services, marking a significant development in the country’s regulations.
As of 27 July 2023, Lithuania’s new resolution took significant steps to regulate and streamline the gambling industry in the country by changing certain state fees and payments designate to gambling-related business/activities.
These updated adaptations have been made to help the governments aim of creating a sustainable framework that gives an equal playing field for all gambling operators.
According to the resolution, gambling businesses and services in Lithuania will be subject to specific state licensing fees, varying depending on the type and scope of their operations.
Adding such features is set to impact operators throughout Lithuania and will maintain the government’s hopes to strengthen a sector – forming a balance between local and foreign organisations
Lithuania’s latest changes should affect most gambling-related businesses, whilst opening a physical casino, slot machine salon, or bingo hall which will cost operators €1,504 while extending this permit will set them back €186.
Opening a totalizator betting shop now entails a €717 permit fee and is subject to the same extension policy as other gambling-related businesses.
Operating license fees for lotteries saw a substantial increase, rising from €1,395 to €1,620. The sum is constant regardless of the establishment’s scale, which may disproportionately affect smaller businesses.
If organisations now want to start an iGaming brand in Lithuania now follows a unique fee structure, setting back businesses €784.
The new licensing fees should join smoothly with last year’s remote gambling license updates to secure a balance between local and foreign operators – helping protect from potential harm.
Lithuania’s government have spotted the importance of responsible gambling, which is why these new licensing fees are in place.
As they should help to fund initiatives that promote safe gambling practices and support programs for those affected by gambling-related issues.
With a well-regulated and transparent gambling industry, Lithuania plan to introduce a safer and more enjoyable gaming experience.
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