Compliance Updates

The most recent compliance updates of the online and land based gaming industry in the European Union, Asia, Russia and Americas

Regulatory action against EU Lotto

 The HALLO ECHO
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  A gambling business must pay a £760,000 fine and undergo extensive independent auditing after a Commission investigation revealed social responsibility and money laundering failures. EU Lotto – which operates the lottoland.co.uk website – has also received a formal warning for the failures which occurred between October 2019 and November 2020. Social responsibility requirement failures…

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SJM Expects Casino Licence Renewal for Ten Years

 The HALLO ECHO
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  SJM Holdings is expecting that the authorities will extend its gaming licence beyond the current expiration date of June 26, 2022. It expects the extension won’t be for twenty years but for around ten years. During an investor meeting, the company said that the concession length would be longer than five years yet more…

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UKGC Responds to Independent Inquiry into BetIndex

 The HALLO ECHO
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  The UK Gambling Commission (UKGC) has announced that it will make changes to the way it regulates innovative digital gambling products. The announcement follows publication of the Independent Review of the Regulation of BetIndex Limited. The Review highlighted areas where the approach of both the Commission and the Financial Conduct Authority (FCA) could be…

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Belgian Regulator Adds 16 New Domains to iGaming Blacklist

 The HALLO ECHO
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  Belgium’s gambling regulator has added a further 16 domains to its blacklist of unlicensed online gambling websites. The blacklist, first introduced in 2012, now includes a total of 277 domains that have been found to have offered games of chance without a licence. The 16 sites, added to the list on September 15, include…

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Lithuanian Gaming Regulator Imposes Fine of €10,814 on Unigames

 The HALLO ECHO
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  The Lithuanian Gambling Supervisory Authority has issued a €10,814 fine to operator Unigames for organising gambling “outside the gambling regulation”. An inspection carried out by the regulator found that the combined betting function used by Unigames’ via a BetBuilder feature were outside of the requirements specified in the company’s rules. The regulator determined that…

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Norwegian Govt to Block Foreign Gambling Sites in the Country

 The HALLO ECHO
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  Norway’s government is planning to block the foreign websites that offer gambling products targeting the Norwegian market. The call to block such sites is being led by Minister of Culture Abid Raja, who is using his last days in government to announce the proposal. Companies such as Betsson, Unibet and ComeOn would all be…

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