The Lithuanian Ministry of Finance has approved a resolution that will see new permit fees introduced for the gambling sector.
Lithuania Approves Increased Fees for Gambling Licenses Lithuania Approves Increased Fees for Gambling Licenses Lithuania Approves Increased Fees for Gambling LicensesThe license fee for lotteries has also increased from €1,395 to €1,620.
Despite the increases, Lithuania gambling permit fees still remain among the lowest in Europe.
Funds collected through the newly increased fees will go towards initiatives aimed at reducing the harms of gambling and support safe gambling practices.
The new resolution is just one aspect of the government’s efforts to bring the online and land-based gambling industries under tighter regulation. Last month the Lithuanian Gambling Supervisory Service issued a fine of €15,000 to Top Sport for allowing a user to make deposits to their account using another person’s debit card. This was the third time the company was fined so far this year.
Gambling industry journalist with a background in online poker and trading. Covering the regulated U.S Sports industry and the exciting world of online poker.