Compliance Updates

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

UKGC looking forward for the opinions on proposed regulatory modifications

 The HALLO ECHO
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A request for comments and opinion on the proposed alterations to the regulations in the market was issued by the UK Gambling Commission. Consumers, gambling businesses, stakeholders and members of the public can come up with their opinions on the suggested modifications to the rules associated with marketing and advertising, unfair terms, and complaints and…

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Dutch Financial Markets Authority alerts of Cryptocurrency Investment Risks, Bans Gambling-Like Binary Options

 The HALLO ECHO
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The Netherlands Authority for the Financial Markets (AFM) demands restrictive measures on bitcoin and altcoins investment and betting on the price of bitcoin when banking firms are warning that a bitcoin bubble could dwarf the 1600s Dutch tulip mania. In an interview with local media outlet de Volksrant, Merel van Vroonhoven, the Chairwoman of the AFM, affirmed that…

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IR bill to receive priority status from the Japan Parliament

 The HALLO ECHO
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The Japanese government will promptly submit the IR Implementation Bill to the parliament for consideration of the same. Delivering a speech on Monday at the initial ordinary legislative session for 2018, the Japanese Prime Minister Shinzo Abe affirmed that the government will submit the Integrated Resorts (IR) Implementation Bill as promptly as possible. He wants…

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FOBTs proceeds in the UK with the battle

 The HALLO ECHO
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Bookmakers acknowledged the use of judicial review strategy as the “last resort.” As the UK government attempts to bring down the maximum stake on fixed-odds betting terminals (FOBTs) to £2, bookmakers are in the process of preparing diverse strategies to halt the new regulation from coming into force. However, the representatives of operators are going…

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Gaming shows growth in NJ

 The HALLO ECHO
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There is a healthy growth for the online gaming industry in the State of New Jersey, with new businesses, services and regulated platforms becoming available for local players, according to a report published by the New Jersey Division of Gaming Enforcement. The State’s iGaming revenue touched €203.7 million last year, maintaining the yearly increase for…

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Gambling ads pay off to Swedish media

 The HALLO ECHO
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The latest trends from Sweden reveal that in online gambling advertising are paying handsome dividends to Swedish media outlets, in spite of the regulatory endeavors to to reduce the activity. As per the analysis conducted by Sifo Advertising Measurements and Dagens Media, a whopping €560 million was spent on online gambling advertising in 2017. This expenditure…

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