Compliance Updates

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

Denmark censures Facebook for promoting illegal websites

 The HALLO ECHO
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  Spillemyndigheden, the gambling authority of Denmark, has censured social media giant Facebook for promoting illegal gambling websites on its platform. The gambling authority has been taking stringent action against illegal gambling websites, as it is concerned about the lack of options about such websites in tracking the money or taxes associated with it. The…

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The MGA implements First Phase of its Sandbox Framework for the acceptance of VFA and the use of DLT within the Gaming Industry

 The HALLO ECHO
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  As announced earlier in 2018, the Malta Gaming Authority has launched the first of two phases of its Sandbox Framework for the acceptance of Virtual Financial Assets (VFA) and the use of Distributed Ledger Technology (DLT) within the Gaming Industry on 1 January 2019. During this phase, the Authority will be accepting applications for the use of DLT assets, directly…

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Spain forms new regulatory board to manage the surging online gaming sector

 The HALLO ECHO
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  Spain has appointed an advisory board comprising industry experts in the gaming industry with the aim of formulating the country’s responsible gaming strategy. Spain’s official regulatory body, the Dirección General de Ordenación del Juego (DGOJ), has established the Consejo Asesor del Juego Responsible (CAJR), which would support the regulator in the development, execution and…

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Japan’s Loot Boxes face bleak future

 The HALLO ECHO
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  The increasingly stringent regulations over loot boxes all over the world are having their impact on Japanese gaming industry. Japan’s gaming industry, the global leader in the electronic gaming industry for nearly five decades, is facing the heat following the global clamp down against loot boxes. Japan’s game makers have pioneered the practise of…

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New Law for Gambling Zone Investors comes into force in Russia

 The HALLO ECHO
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The Russian government has adopted a new legislation for gambling zone investors in the country. According to the new law, if a gambling zone is closed or its borders are changed before the expiration of 10 years from the date of its creation, the actual damage suffered by the business will be refunded to investors.…

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Gaming Innovation Group awarded two Swedish licences

 The HALLO ECHO
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  Gaming Innovation Group Inc. (GiG) has been awarded two licences in the Swedish market. One licence will be used for its inhouse brands (Rizk, Guts, Highroller, Thrills, Kaboo and Betspin) and the other licence will be offered to its external customers. The new Chairman of the Board, Petter Nylander, is one of the pioneers…

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