Compliance Updates

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

California Could Open Door To $30 Billion In Annual Bets If Sports Betting Is Approved

 The HALLO ECHO
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Details of bills that could send sports betting to voters call for balanced tax structure that will spur growth, according to PlayCA.com analysts LAS VEGAS — If California voters approve online and retail sports betting in November it will open the door to a market that has the potential to generate more than $30 billion…

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FANDOM SPORTS Retains Segev LLP as Lead Counsel for Global iGaming Licensing

 The HALLO ECHO
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  FANDOM SPORTS Media has retained Segev LLP as lead counsel for all endeavours pertaining to global iGaming licensing. The Company will be undertaking a strategic review to prioritise jurisdictions that will enable the firm to expand its regulatory footprint efficiently and at scale. Segev LLP employs a strong iGaming team with corporate, commercial, IP…

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MGA Publishes Consultation Paper on Suspicious Betting Reporting Requirements

 The HALLO ECHO
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  The Malta Gaming Authority (MGA) has published a consultation paper on suspicious betting reporting requirements and other sports integrity measures. In August 2019, the Malta Gaming Authority announced the establishment of a Sports Integrity Unit. It is the Authority’s intention to implement a set of Suspicious Betting Reporting Requirements, which will oblige B2C licensees…

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G2 Esports Partners with Brandgenuity to Expand Global Licensing Efforts

 The HALLO ECHO
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  G2 Esports has partnered with Brandgenuity to strategically expand its global licensing efforts. Brandgenuity is a leading global independent brand licensing agency headquartered in New York. “G2 is building a lifestyle and entertainment empire. We have designed and developed streetwear-inspired collections and merchandise that sell out almost instantly thanks to the #G2ARMY and we…

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Italian Parliament Enacts New Turnover Tax on Betting and Virtual Sports Wagers

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  The Italian parliament has enacted a new temporary 0.5% turnover tax on betting and virtual sports wagers. Publishing the state gazette last week confirmed that MPs had supported amendments introducing new turnover tax across all betting-related verticals – online, retail and virtual sports content. The turnover tax is implemented as a set of first…

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Norway’s Stortinget Passes Gambling Advertising Amendment

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  The Norwegian Parliament (Stortinget) has approved a legislative amendment aimed at preventing offshore gambling operators from advertising their services to consumers in the country via the internet. The amendment grants the Norwegian Media Authority (Medietilsynet) the power to order internet service providers and media companies to prevent access to illegal marketing. “This [amendment] will…

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