Compliance Updates

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

Sweden to execute new licensing scheme

 The HALLO ECHO
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With the standstill period for the European Commission and member states expiring yesterday, a new path has been paved for the execution of a  new licensing scheme in Sweden. It is anticipated that the online gambling world in Sweden would adapt to the new licensing scheme by January 2019 with the expiration of the standstill…

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Lawrence Ho makes clear that over six licensees in Macau are not required after the gaming concessions expire in 2020

 The HALLO ECHO
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Lawrence Ho, the Chairman and Chief Executive of Melco Resorts and Entertainment Ltd, the Macau casino license holder made himself loud and clear at an event on Monday that after the current gaming concessions expire in 2020 or 2022, there is no need for more than six licensees in Macau. He emphasised that “It’s really…

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City of Rockford could have one of the stiffest video gaming fees

 The HALLO ECHO
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If the voters accede the home rule, the city of Rockford (northern Illinois) could have one of the stiffest video gaming fees in the U. S.  As per the reports of the Rockford Register Star, Mayor Tom McNamara has proposed an annual fee of $1,000 per machine for those who are operating video gaming terminals. A referendum…

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Indian Government to enforce a law to regulate online betting and gambling in the nation

 The HALLO ECHO
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Gambling is a state subject, and only states in India are entitled to formulate laws for gambling activities within their respective states. In association member of Maharashtra Legislative Council Ranjit Patil said that the State government will promptly enact a law to regulate online betting and gambling. Though there are laws to govern betting and…

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Cambodian lawmakers pushing for a legislation that would allure foreign investors to its casino and gaming industry

 The HALLO ECHO
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With the sole intention of making Cambodia a hub of gaming in South East Asia, the lawmakers of Cambodia are currently pushing for a legislation that would allure  foreign investors to its casino and gaming industry. The proposed legislation, is anticipated to be passed post  the general elections scheduled to  take place later this years.…

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Opposition parties in New South Wales dead set against new gaming law as it could sabotage the casino market

 The HALLO ECHO
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It seems the opposition parties in the Australian state of New South Wales are dead set against new gaming law. In the perspective of the opposition parties new legislation addressing slot machines could sabotage the casino market as it could escalate the number of machines in high-risk areas increasing the gaming industry profits by A$80…

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