Lithuania Approves New Lottery & Gaming Tax Law Amendments – European Gaming Industry News

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The Seimas of Lithuania has sanctioned new amendments to the national Gambling Law and the Lottery & Gaming Tax Law.
Gambling Law amendments will see the Lithuania Gambling Control Authority introduce a new type of licence for “the organisation (of) remote gambling services”.
The introduction of a new remote gambling licence is required in order for the government to separate remote gambling requirements from rules applied for land-based gambling businesses.
Under existing laws, gambling enterprises require municipal approval for licences that have been granted to firms that have established and operate land-based (terrestrial) venues.
A designated licence for remote operators will waive the requirement to have a domiciled business presence in Lithuania.
“The organisation of remote gambling, unlike land-based gambling, is not related to their execution in a specific territory (municipality), that is, remote gambling is carried out online throughout the territory of the Republic of Lithuania,” the amendment reads.
“Therefore it is not appropriate to require the consent of the municipality when issuing a permit for remote gambling.”
Businesses operating under existing online Gambling Law licences have been given a two-year timeframe within which to transfer to a specific remote licence.
Amendments to the Lottery & Tax Law saw the Seimas approve a new licensing fee framework that will charge remote operators a one-off fee of €500,000. Meanwhile, operators that have a land-based and remote presence will be charged €1m.
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Lithuania Approves New Lottery & Gaming Tax Law Amendments
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The Seimas of Lithuania has sanctioned new amendments to the national Gambling Law and the Lottery & Gaming Tax Law.
Gambling Law amendments will see the Lithuania Gambling Control Authority introduce a new type of licence for “the organisation (of) remote gambling services”.
The introduction of a new remote gambling licence is required in order for the government to separate remote gambling requirements from rules applied for land-based gambling businesses.
Under existing laws, gambling enterprises require municipal approval for licences that have been granted to firms that have established and operate land-based (terrestrial) venues.
A designated licence for remote operators will waive the requirement to have a domiciled business presence in Lithuania.
“The organisation of remote gambling, unlike land-based gambling, is not related to their execution in a specific territory (municipality), that is, remote gambling is carried out online throughout the territory of the Republic of Lithuania,” the amendment reads.
“Therefore it is not appropriate to require the consent of the municipality when issuing a permit for remote gambling.”
Businesses operating under existing online Gambling Law licences have been given a two-year timeframe within which to transfer to a specific remote licence.
Amendments to the Lottery & Tax Law saw the Seimas approve a new licensing fee framework that will charge remote operators a one-off fee of €500,000. Meanwhile, operators that have a land-based and remote presence will be charged €1m.
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Rytas Vilnius 2022 LKL winners try out new revolutionary sport
 Twain Sport, powered by the Hybrid Sports League and technology partner BetGames, hosted Lithuanian basketball champions Rytas Vilnius, to commemorate the launch of its new specialised hybrid sports vertical (T-Basket).
The recent 2022 Lithuanian Basketball League champions were the first professional team to participate in Twain Sport’s new hybrid basketball tournament (T-Basket), which is set to be launched by the Hybrid Sport League in collaboration with its partner company, BetGames.
The day’s celebratory competition with Rytas Vilnius saw the league’s top players compete head-to-head in 60 seconds of action to score the most points while shooting from different distances, randomly selected by computer.
Rytas Vilnius sports director, a former basketball player and 2009 EuroCup champion, Donatas Zavackas, ended the day by winning both tournaments played.
The Hybrid Sport League is the sport’s governing body and will coordinate and supervise the exciting new events schedule, which is set to commence in August 2022 in custom-built arenas across selected European locations.
Twain Sports’ series of hybrid tournaments will offer premium high-frequency action-packed sports, starting with T-Basket, with will deliver a full, head-to-head tournament every single hour – totalling a new match every three minutes.
The highly anticipated league is set to satisfy the demand for increased live sport with a high-frequency entertainment format, while maintaining the highest integrity protocols with safeguarding systems.
Commenting on the event, BetGames’ CEO Andreas Koeberl said: “It was a fantastic occasion to welcome the Vilnius Rytas basketball team to experience the thrill of T-Basket. Top professional athletes competing against each other in such an environment was great to see and made the absolute most of the new concept.
“Twain Sport is all about fast-paced entertainment, and with the tournaments going live in a matter of months, we are really excited to be partnering up as we begin announcing our first operator deals. Alongside this, we’re also going to be rolling out our football-themed tournaments (T-Kick) and more in 2023 and beyond.”
Giedrius Žibėnas, Head Coach for Vilnius Rytas added: “It’s an exciting opportunity to try this new concept, combining a fresh idea of entertainment and sport. The players never know if they are the winner or loser until the score appears at the end, creating a very competitive environment, even for professional athletes.”
“Nobody was entertained with 3×3 basketball at first – and while they said it’s impossible to become part of Olympics, we’ve already seen it expand into what it is today. I believe the same is true here. Even pro players are now choosing between 3×3 or 5×5 basketball. If you expand globally, you will find your audience.”
Chairman of the Hybrid Sports League, Sarunas Mazalas commented: “Our partnership with BetGames is a massive step forward for the Twain Sport project. Our league will now be streamed all around the world and we’re ready to transform the world of sports. It’s been a pleasure to host the Vilnius Rytas team and get the approval of a winning team to our winning concept.”
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