European Commission Postpones Lithuanian Decision
By Casinomeister, Last updated May 9, 2014
Baltic state will have to wait until August 7
The Baltic state of Lithuania will have to wait until August 7 to discover whether the European Commission has approved its online gambling regulations, which have prompted questions regarding certain elements that raise compliance issues with EU principles.
These elements mimic regulations implemented by other EU nations – Belgium for one – which the EC has challenged, and include provisions such as requiring licensees to be operators of established Lithuanian land casinos; located and registered within Lithuanian borders, and able to prove minimum share capital of Euro 1.1 million.
The Commission has already issued infringement proceedings on the EU member despite its arguments in attempting to justify its restrictive regulations.
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The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophotography.
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