NJORD Lithuania: New online-only gaming licences will be available in Lithuania from mid-2022
Lithuanian Parliament has recently adopted amendments to the Lithuanian Gaming Law that introduce new online-only gaming licenses from July 2022. This is a big step towards expanding legal online gaming industry and attracting global online gaming companies to Lithuania.
Currently, remote gaming activities can be carried out only by the operators that are licensed to offer land-based gaming and have a certain number of operating land-based gaming sites (i.e. at least 1 casino, 5 horse totalisator sites, 10 machine halls, 20 betting sites or 20 totalisator sites). This requirement to have a significant land-based presence within the country has been a major obstacle for foreign gaming operators to enter Lithuanian online-gaming market. All websites of unlicensed online gaming operators currently are still being blocked and blacklisted on the initiative of the Lithuanian Gaming Authority.
The new online-only gaming license will allow gaming operators to acquire only an online gaming license without the land-based presence and thus carry out gaming activities in Lithuania legally. One of the major requirements for the applicants for the online-only gaming license will be the requirement of minimum authorized capital ranging from EUR 144,000 to EUR 1,158,000, depending on the type of organized online games.