Compliance Updates

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

Italy Could Launch Online Gambling Licensing Process This Week

 The HALLO ECHO
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Italy is expected to launch the call for bids from online gambling operators by the end of this week, Italian gambling news outlet AgiproNews reported on Monday.   The call will be published in the Official Journal of the European Union. According to unnamed sources, this may happen on Wednesday, or no later than Friday. The launch of the…

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Fintech startups and banks face off on new rules over European payments and data access

 The HALLO ECHO
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A huge group of over 70 European fintech companies is sending caution that new EU rules on payments processing could unfairly pit them against large banks and ruin the industry if they are passed into law. The rules that are a part of the European Union’s Payment Services Directive (PSD) would prohibit the practice of “screen scraping,” a…

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Cyprus submits revised gambling bill to EC

 The HALLO ECHO
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Cyprus attempted to resubmit its proposed new regulatory framework for gambling after the European Commission. However, its original draft was opposed by Malta. The EU member state’s Betting Law of 2017 was submitted to the EC in June, and included two amended pieces of legislation targeting at remedying several earlier infringements with the 2012 law…

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Gibraltar sets world-first with new blockchain laws

 The HALLO ECHO
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Gibraltar turned out to be the initial jurisdiction in the world this month to put forward a regulatory structure for companies engaged with blockchain technology. A bench of 17-member local Parliament passed a bill in the month of December that calls for the entire firms using DLT, or blockchain, to store or transmit value possessed…

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Swedish Gambling Market Revamping

 The HALLO ECHO
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Sweden is taking steps to make its gambling industry more liberal as the gaming regulator has prepared new legislation that will welcome international operators to Sweden and allow gaming operators to function in a more liberal gaming market. A draft of the new gaming regulation was finalized last week. Unlicensed gaming operators have been free…

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Finish Slots Machine players will have to confirm identity to play

 The HALLO ECHO
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The state betting monopoly Veikkaus is aiming to reduce the detrimental impact of gambling by requiring users to authenticate before they can use slot machines located in remote areas. Veikkaus recently announced that in future users will have to verify their identities before they can play on slot machines. However the new restriction may not…

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