The Lithuanian Finance Ministry has drafted legislative amendments to significantly tighten the gambling business regulations, including obliging gambling operators to monitor people addicted to gambling or losing large sums of money.
According to Vilija Petronienė, senior adviser at the ministry’s Financial Markets Policy Department, the amendments would require gambling operators to apply responsible gambling measures.
The proposal also calls for expanding the powers of gambling market supervision.
“In the near future, this week or next week, we will table [the amendments to the Gaming Law] to the authorities for approval,” Petronienė told the parliamentary Anti-Corruption Commission on Wednesday.
Once approved by the government, the amendments will be submitted to the parliament during the spring session.
The initiative to tighten gambling business regulations came after it turned out that Šarūnas Stepukonas, a former partner at the BaltCap Infrastructure Fund, embezzled tens of millions of euros from the fund’s companies and gambled the money away at casinos.
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