Posts By :

The HALLO ECHO

Russia unveils new law to punish illegal gambling

 The HALLO ECHO
By:
0
0

According to the Russian President Vladimir Putin has signed a new law that would slap stringent punishment for unlawful organisation of gambling. According to the new law, bill, persons who conduct gambling in betting organisations outside special zones or who provide premises for unlawful gambling could receive fines up to 500,000 rubles (US$7,950) and two-year…

read more

Law Commission of India backs gambling in Bitcoin

 The HALLO ECHO
By:
0
0

The Law Commission of India has recently submitted its 276th report to the Union Minister of Law and Justice, Ravi Shankar Prasad. One of its recommendations is to legalise gambling, especially through Bitcoin. The recommendation has created bit of a storm in the country, with political parties and activists expressing their strong protests. It must…

read more

MGA- Key Functions

 The HALLO ECHO
By:
0
0

One of the salient changes which shall be brought about by the new Gaming Act, as of 1st July 2018, is that licensees are required to identify the persons responsible for the key functions as defined at law.  Such persons are, in turn, required to undergo the MGA’s scrutiny in order for the Authority to…

read more

Valve alters Dota 2 loot boxes to comply with Dutch regulation

 The HALLO ECHO
By:
0
0

The US games developer Valve has altered the way the Dutch players can interact with and purchase loot boxes. The changes have been introduced after complaints were lodged by the Netherlands Gaming Authority about a couple of games, Dota 2 and Counter-Strike: Global Offensive, for violating the country’s Betting and Gaming Act. A Reddit user…

read more

Macau redrafts gambling license proposal

 The HALLO ECHO
By:
0
0

The Macau government has submitted a revamped gambling license proposal to its legislators. It is significant since the concession to the gambling license holders will end when the existing casino licenses expire. Most of the licenses will expire soon. Many players anticipate there to be automatic extensions given to the operators whose licenses expire first…

read more

Japan passes IR bill to legalise casinos

 The HALLO ECHO
By:
0
0

“Integrated resort” openings will be limited to three locations initially. Japan’s parliament has passed the Integrated Resort (IR) bill which will lead to the opening of the country’s first legal casino. As per the bill, the casinos will be restricted to three locations in the initial phase. The passage of bill had controversies and resistance…

read more