Compliance Updates

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

Georgia invites bids for controlling gambling business in the country

 The HALLO ECHO
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  In an interesting new development, the Revenue Service of the Ministry of Finance of Georgia has released a tender document on its official website, which basically invited bidders for a project that offers a mechanism for controlling gambling business in the country.  “To date, the Revenue Service has no mechanism to establish and carry…

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Armenia amends gambling and advertising regulations

 The HALLO ECHO
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  Armenia has amended its laws related to gambling and advertisement. As per the new regulations, only the local gambling operator will be allowed to advertise in the country. An additional requirement is that gambling advertising should be targeted at citizens over 21 years of age. Advertising of gambling on radio and TV will be…

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Romania cancels gambling licenses

 The HALLO ECHO
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  In a surprising move, Romania’s gambling regulator, Oficiul National Pentru Jocuri de Noroc (ONJN), has temporarily suspended gambling licenses of two operators. Online gambling operator, Sea-Bet Limited, and fixed-odds betting licensee, Bet Club Sistem SRL, are the companies whose licenses were suspended. The reason for the license cancellation is not known. Sea-Bet, which is…

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UK Gambling Commission penalty imminent for Stride Gaming

 The HALLO ECHO
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  Stride Gaming, the UK-based online gambling company, is bracing for a hefty fine from the UK Gambling Commission (UKGC). The fine is expected to be around GBP 4 million. The reason for the fine is still not clear. The Commission has basically found faults with Stride’s functioning after a review of Stride’s activities. The…

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MGA – Treatment of Intermediaries under the new Gaming Act

 The HALLO ECHO
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  The Malta Gaming Authority hereby notifies its licensees and the general public that with the coming into force of the new Gaming Act (Cap. 583 of the Laws of Malta), the regulatory treatment of what previously used to be called ‘intermediaries’ is to be assessed in light of the Gaming Authorisations Regulations (S.L. 583.05)…

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Peru to legalise sports gambling

 The HALLO ECHO
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  Peru is on the verge of legalising sports betting. Bill 3397/2018-CE, has been introduced in the parliament of the country by Percy Eloy Alcala Mateo of the Fuerza Popular party to make this happen. The bill has comprehensive proposals covering all the aspects of sports wagering. One of the bill’s proposals is that sportsbooks…

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