Compliance Updates

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

West Virginia to acquire a law which would give the go ahead for sports betting in the state

 The HALLO ECHO
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West Virginia seems to be almost close to acquiring a law which would give the go ahead for sports betting in the state. Consequently, both the chambers of the state legislature have signed off on the proposal, emerging as the foremost state legislature to acquire that feat in 2018. In the Friday’s session in Charleston…

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Should gambling keep on track in Utah?

 The HALLO ECHO
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Should gambling keep on track in Utah? In view of this, the Senate said, do not bet on it moving closer to the loophole. The Senators voted 21-1 to pass SB225, sending it to the House for deliberation. In relation, Weiler, R-Woods Cross, stated that many gas stations and convenience stores in Utah offer what…

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Swiss Financial Regulator,FINMA straightens out the Path for ICOs

 The HALLO ECHO
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By publicising the  guidelines  (“Guidelines”), explicating  how it intends to implement  financial market legislations in dealing with  enquiries regarding the applicable regulatory framework for initial coin offerings (“ICO”)dated February 16, 2018 FINMA, the Swiss Financial Market Supervisory Authority paves the path for ICOs. The Guidelines complement  FINMA’s earlier Guidance  04/2017, published on September 29, 2017. By issuing…

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A set of bills could be a game-changer for Michigan’s online gambling

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When the current laws say online gambling is beyond the pale. It is anticipated that a set of bills advancing through the Michigan’s legislature could be a game changer for the online gambling industry within the state. In view of this, Rep. Brandt Iden, R-Oshtemo, said he is looking forward to set up online gambling…

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Trust issues: only a third of the public thinks gambling industry is fair

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The reputation of gambling among the public is failing to improve, according to a report published by the Gambling Commission on Tuesday. Those gambling operators with a reputation for treating their customers fairly and well will have a competitive advantage, the regulator added. The commission’s gambling participation report for 2017 found that 33 per cent of those…

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Colonial Downs which pulled the plugs in 2014 might receive a go ahead to reopen

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Virginia State’s authorities are in the process of evaluating different measures to expand gaming industry operations. As per the reports by several local newspapers the State of Virginia might promptly permit another gaming expansion, as authorities are excogitating the installation of betting machines at the historical race terminals at Colonial Downs,  a horse track located…

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