Compliance Updates

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

Sportech Venues Secures Exclusive Off-Track Betting License Protections

 The HALLO ECHO
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  Sportech Venues, Inc., a division of Sportech PLC, announced that the Connecticut State Budget signed by Governor Lamont on June 26, 2019 included legislation that clarifies and strengthens Sportech’s exclusive license to conduct off-track pari-mutuel betting in the State of Connecticut. Sportech Venues, Inc. holds the exclusive license to offer off-track betting in the State of Connecticut and does…

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Australia’s Macquarie Bank Bans Credit Cards for Gambling

 The HALLO ECHO
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  Australia’s Macquarie bank has banned the gambling and lottery transactions on its credit cards. The bank reached this decision after growing regulatory concerns in Australia and overseas in regards to easy access to credit by problem gamblers. All transactions that involve gambling companies will be blocked when the cardholder tries to pay. Credit cards…

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New Bill Demands Internet Firms to Disclose Value of Their Users’ Data

 The HALLO ECHO
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  Two US senators have demanded the biggest internet companies to disclose the value of their users’ data. The US senators Mark Warner and Josh Hawley proposed the major platforms to calculate the “economic value” of their data, which helps them generate revenue through targeted ads. The bill would require the major platforms to update your data’s worth at least every three months.…

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Switzerland to Block Foreign-based Gambling Sites

 The HALLO ECHO
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  Switzerland is going to block foreign-based companies from the Swiss market. The federal commissions in charge of gambling, lotteries and betting said that they will soon publish a “blacklist” of online gambling sites that would be blocked as of July 1. The new move will allow only casinos and gaming companies certified in Switzerland…

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NJ Regulators Impose Fine on DraftKings

 The HALLO ECHO
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  The New Jersey Division of Gaming Enforcement has fined DraftKings for violating the self-exclusion rules. DraftKings has to pay out penalties totalling $7000 to the gaming regulator and return $3277 to customers after failing to adhere to self-exclusion rules. The regulator hit DraftKings with the maximum $5,000 civil penalty for taking wagers from customers…

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State Duma Approves the Bill to Simplify Customer Registration of Russian-licensed Online Sports Betting Sites

 The HALLO ECHO
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  Russia’s lower legislative body has approved the bill to simplify the customer registration process for Russian-licensed online sports betting sites. State Duma has approved the third and final reading of federal law 423799-7, which will dramatically simplify the customer registration process. To take effect, the bill now requires the approval of the Federation Council…

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