Asia

Chinese Government Imposes Fine of $4.2M on Chinabank Payments for its Online Gambling Links

The HALLO ECHO

  The Chinese government has imposed a fine of RMB29.4m (US$4.2m) on Internet Banking Online (Beijing) Technology Co Ltd, aka Chinabank Payments, for its links to unauthorised online gambling sites. Chinabank, the Beijing-based payment processor, was accused of assisting mainland residents in transferring currency overseas, including to internationally licensed online gambling sites. The gambling transfers,…

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China Bans Gambling Content from Gaming Devices

The HALLO ECHO

  China has issued a regulation to eliminate gambling content from gaming machines and devices. The Ministry of Culture and Tourism said the regulation will forbid gaming machines and devices from having gambling functions. Gambling devices that automatically decide results, such as slot machines, are also prohibited. According to the document, electronic gambling devices set…

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Macau’s DICJ Conducts iGaming Inspections During MGS 2019

The HALLO ECHO

  Macau Gaming Inspection and Coordination Bureau (DICJ) has conducted iGaming inspections during MGS Entertainment Show 2019, as part of an ongoing campaign to ensure exhibitors are not engaging in the display or promotion of consumer-facing iGaming products. The operation, carried out alongside the Judicial Police and Macao Trade and Investment Promotion Institute (IPIM), involved…

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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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