Asia

Japan to Launch Casino Commission in January 2020

The HALLO ECHO

  The Government of Japan is planning to launch the country’s casino management commission on January 7, 2020. The casino management commission will have five members. Their appointments require a confirmation from the country’s parliament and they will serve five-year terms. The casino management commission is to be in charge of security matters, probity and…

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Philippine’s BIR Lifts its Closure Order Against GEGAC

The HALLO ECHO

  The Bureau of Internal Revenue (BIR) in the Philippines has lifted its closure order against Great Empire Gaming and Amusement Corporation (GEGAC). In an issuance dated September 27 but made available to media on October 1, the BIR said GEGAC was able to comply with the requirements under the National Internal Revenue Code and…

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Iranian Government Proposes for New Cryptocurrency Mining Regulations

The HALLO ECHO

  The Cabinet of Iran has proposed for new cryptocurrency mining regulations in Iran, which include annual licensing for cryptocurrency miners. Based on the proposal, licensed and registered cryptocurrency miners will be required to submit information such as their list of business activities, the predicted value of their investments, current employment status, rental agreements for…

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Taiwan to Amend Existing Regulations to Criminalise Online Gambling

The HALLO ECHO

  Taiwan government is planning to amend its existing regulations to criminalise online gambling. The government says that online gambling is behind many “social and family problems” in the country. The ministry announced that the amendment to Articles 266 and 270 of Taiwan’s Criminal Code will “add criminal liability for gambling with the use of…

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Nepal Government Introduces New Casino Rules

The HALLO ECHO

  The Government of Nepal has introduced a set of new rules relating to sharing of information about gamblers, management of assets and monitoring for suspicious activities. As per the new rules, operators of brick-and-mortar casinos are required to maintain a record of visitors and players at the properties. Gambling venues should also deny access…

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Chinese Court Seizes Bank Accounts of Boyaa Interactive

The HALLO ECHO

  A Chinese court has seized the bank accounts of Boyaa Interactive in the wake of its Chairman and CEO being sentenced to prison last September. Zhang Wei was handed a 12-month jail term last year and resigned from Boyaa after the Municipal of Intermediate People’s Court found one of the company’s indirect subsidiaries, Boyaa…

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