Compliance Updates

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

GSA brings on board a new technical committee devoted to blockchain use

 The HALLO ECHO
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While commemorating its 20th anniversary at the ICE Totally Gaming 2018, the Gaming Standards Association (GSA) and the Gaming Standards Association Europe promulgated the birthing of a new Technical Committee devoted to blockchain use. Blockchain technology is poised to revolutionise data sharing and security and holds the potential to provide unparalleled levels of transparency to…

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Sweden considers classifying loot boxes as gambling

 The HALLO ECHO
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Sweden has emerged in the forefront among several nations to suggest the implementation of a restriction on loot boxes in the video games industry. As reported to the P3 News by the country’s at present Minister for Public Administration, Ardalan Shekarabi, loot boxes might emerge as a form of gambling by the year 2019, which…

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Research calls for German authorities to halt video game loot boxes

 The HALLO ECHO
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The German authorities along with a group of critics in one accord have come to the forefront demanding the regulation of video game loot boxes This is in consequence of a scrutiny that revealed that video games were adopting gambling elements. As per the Welt Am Sonntag’s reports, Germany’s Commission for Youth Media Protection, part of…

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A big halt from PAGCOR on new casino licence applications

 The HALLO ECHO
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State-run Philippine Amusement and Gaming Corporation (PAGCOR) says a strict no-no to new casino license applications, this refusal from its end will persist as long the Philippine casino industry does not mature. As per ‘The Philippine Daily Inquirer’PAGCOR has initiated the drafting a memorandum that will explicate a moratorium on new casinos operations following the…

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Kansspelautoriteit seeks the assistance of regulatory counterparts

 The HALLO ECHO
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Kansspelautoriteit (KSA), the Dutch Gaming Authority (KSA), seeks cooperation from its regulatory counterparts to back them up in a fight against the online gambling providers targeting Dutch consumers. Elucidating in a letter to fellow supervisory authorities about their position on unauthorised operators targeting the market, KSA affirmed their authorisation to act against those operators irrespective…

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UK Gambling Commission publishes guidance on group reporting requirements

 The HALLO ECHO
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The Gambling Commission has published a short guidance note on the changes to reporting requirements on group jurisdiction revenue.   The new changes, which will come into effect on 4 April 2018, require that licensees notify the Commission when they (or any group entity) begin advertising to a new jurisdiction or where a particular jurisdiction accounts for…

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