Compliance Updates

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

Truegame strengthens its positions by acquiring Curaçao Gaming License

 The HALLO ECHO
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  Truegame -a fully implemented blockchain-based iGaming platform announced obtaining of Gaming License of Curaçao.   A smart contract based iGaming platform Truegame has proudly announced acquiring of its first license – a Gaming License under the jurisdiction of Curaçao. The team considers this step to be one of the most significant milestones in the…

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Philippine Appeals Court orders PAGCOR to issue casino license

 The HALLO ECHO
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  Philippines Court of Appeals has upheld a lower court ruling ordering the Philippine Amusement and Gaming Corp. to issue a license for Waterfront Philippines to operate an IR in Manila’s Entertainment City. Waterfront first filed a petition for mandamus in March 2015, saying it had submitted all requirements – including a $100-million cash deposit…

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UK Gambling Commission takes widespread regulatory action

 The HALLO ECHO
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  Online casino companies and their senior management have faced widespread action from the gambling regulator, as part of an ongoing investigation into the way the industry combats problem gambling and money laundering. Nearly £14m in penalty packages will be paid by three companies as result of their failings to put in place effective safeguards to…

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Europe that Protects: Stronger rules criminalising money laundering enter into force

 The HALLO ECHO
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  Today, the new measures to counter money laundering by criminal law enter into force across the EU. The new rules will ensure that dangerous criminals and terrorists face equally severe penalties for money laundering wherever they are in the EU, with a minimum term of imprisonment of 4 years. Commissioner for Migration, Home Affairs…

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Aspire Global obtains sports gaming license in Ireland

 The HALLO ECHO
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  Aspire Global, the Malta-based provider of iGaming solutions, has obtained iGaming license for its sportsbook in Ireland, raising the company’s number of licenses in the portfolio to seven. It is soon likely to become eight, when it completes the formalities for the upcoming Swedish license. The Irish sports betting authority issued the iGaming license…

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FTC to investigate in-game loot boxes

 The HALLO ECHO
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  The Federal Trade Commission (FTC) will investigate the loot boxes embedded with video games.   Maggie Hassan, New Hampshire Senator, requested the investigation early this year. FTC chairman Joe Simons told Hassan in a Senate Commerce subcommittee hearing that he would be looking into the matter in an official capacity. “Loot boxes are now…

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