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The HALLO ECHO

Betfred signs agreement with SMP Compliance Academy

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  The UK-based bookmaker Betfred has strengthened its regulatory compliance framework by signing a partnership with SMP Compliance Academy. SMP Compliance Academy is CPD-accredited company. It was established in 2017 by SMP eGaming, an Isle of man-based specialist eGaming consultancy. Ted Pepper, Director of SMP eGaming, said: “The partnership with Betfred is based on a…

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Ireland okays loot boxes

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  The Irish government has decided to buck the popular trend about the controversial loot boxes and categorically stated that loot boxes do not fall under the ambit of gambling. It must be noted that 15 countries and several regulators, ranging from Washington State to Poland, have so far brought regulation against skins gambling and…

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Georgia invites bids for controlling gambling business in the country

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  In an interesting new development, the Revenue Service of the Ministry of Finance of Georgia has released a tender document on its official website, which basically invited bidders for a project that offers a mechanism for controlling gambling business in the country.  “To date, the Revenue Service has no mechanism to establish and carry…

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Armenia amends gambling and advertising regulations

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  Armenia has amended its laws related to gambling and advertisement. As per the new regulations, only the local gambling operator will be allowed to advertise in the country. An additional requirement is that gambling advertising should be targeted at citizens over 21 years of age. Advertising of gambling on radio and TV will be…

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Romania cancels gambling licenses

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  In a surprising move, Romania’s gambling regulator, Oficiul National Pentru Jocuri de Noroc (ONJN), has temporarily suspended gambling licenses of two operators. Online gambling operator, Sea-Bet Limited, and fixed-odds betting licensee, Bet Club Sistem SRL, are the companies whose licenses were suspended. The reason for the license cancellation is not known. Sea-Bet, which is…

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UK Gambling Commission penalty imminent for Stride Gaming

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  Stride Gaming, the UK-based online gambling company, is bracing for a hefty fine from the UK Gambling Commission (UKGC). The fine is expected to be around GBP 4 million. The reason for the fine is still not clear. The Commission has basically found faults with Stride’s functioning after a review of Stride’s activities. The…

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