Compliance Updates

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

Dutch regulator raises penalty for illegal online gambling

 The HALLO ECHO
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  The gambling regulator of the Netherlands, Kansspelautoriteit (KSA) has increased the minimum penalty for illegal online gambling offences to €200,000. Previously the minimum fine was €150,000. The new has come into force after the country’s Senate decided to approve its Remote Gaming Act. Penalty could be subject to change based on the number of…

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Armenia brings on legislation to prevent gambling addiction

 The HALLO ECHO
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  Armenia has introduced a legislation with the intention of tackling gambling addiction. The law will come into force when the parliament passes the bill.   Atom Janjughazyan, Minister of Finance, said: “The bill is aimed at enhancing regulatory restrictions of the gambling sector, which will enable making infatuation with gambling a lot more difficult.…

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Coljuegos announces the issuing of its 17th Online Gambling License

 The HALLO ECHO
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  Colombian gambling regulatory body Coljuegos announced the issuing of its 17th online gambling license to the Bogota-based Games and Betting S.A.S., which plans to offer sports betting and casino products from its Betjuego.co domain for three-years. Colombia issued its first online gambling license in July 2017, after the country became the first South American…

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ASA dismisses complaints over Betfair TV ad

 The HALLO ECHO
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  The Advertising Standards Authority (ASA) has ruled that the TV ad for Betfair had not breached the advertising code and that no further action is necessary. The ad in question showed a young man checking his mobile phone while walking down the pavement and going through what appeared to be a “secret” door leading…

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Red Rake Gaming secures Malta Gaming Authority license

 The HALLO ECHO
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  Red Rake Gaming has started the New Year with its feet firmly on the ground as they have secured their second license within 4 weeks. Having already secured the UKGC license with a vast array of clients preparing to launch its portfolio of games, the MGA license will now allow for Red Rake to…

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Dutch Gaming Authority slaps €400,000 fine on two online gambling websites

 The HALLO ECHO
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  The Kansspelautoriteit (KSA), the Dutch Gaming Authority, has slapped a €400,000 penalty on the gambling websites 1xbet.com and xbet-1.com. The regulatory body has found that in a certain period, both gambling sites could be accessed from within the Netherlands. These websites also used the Dutch language and Dutch payment method iDeal. Games of chance…

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