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Maxima Compliance launches new services, including industry-first Maxima Insource

 The HALLO ECHO
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  Compliance provider Maxima Compliance has launched a bespoke insourcing service as it continues to expand and tailor the way it supports clients across the gaming industry. Maxima Insource is a first-of-its-kind compliance insourcing service, with Maxima Compliance providing a dedicated team member to work within a client’s business. The team member will be available…

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Seminole Tribe of Florida All Set to Enter Legal Online Gambling

 The HALLO ECHO
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  In a path-breaking development, the US state of Florida and the Seminole Tribe of Florida have signed a thirty-year agreement to modernize the state’s gambling sector. The Florida state’s Governor Ron DeSantis stated that the historic deal that would finally establish a powerful framework for the state to generate new revenues and bring positive…

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Lithuania Prohibits Gambling Promotion

 The HALLO ECHO
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  Lithuania’s parliament has passed a law that bans gambling promotion activities in all forms. The parliament passed an amendment to the effect on the country’s Law on Gambling, with 105 votes in favour and 14 abstentions. With the new law coming into the effect, gambling operators will not be allowed to conduct gambling trials,…

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Nuvei Gets Nod to Process Sports Betting and iGaming Payments in Michigan

 The HALLO ECHO
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  Canada-based Nuvei Corporation, electronic payment technology provider, has received approval from the Michigan Gaming Control Board to offer its services to licensed operators in the state. With this, Nuvei can serve all the regulated online sports betting and iGaming operators in Michigan. Michigan legalized online sports betting in January 2021. Nuvei’s state-of-the-art payment technology…

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Kansspelautoriteit and UK Gambling Commission Sign Cooperation Agreement

 The HALLO ECHO
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  Kansspelautoriteit (KSA), the gambling regulatory authority of the Netherlands, has entered into a cooperation agreement with the UK Gambling Commission (UKGC). The regulators will work collectively “to better support their respective supervisory tasks” by sharing general information and exchanging regulatory best practices on enforcement policies and licensing. KSA Chairman René Jansen said: “Such a…

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A Balanced Take on Optimal RTP for New Turnover Taxation in Germany

 The HALLO ECHO
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  What should be the optimal return to player (RTP)? This is a hotly debated question in the German gambling industry following the changes in the turnover taxation that are scheduled to come into force from 1 July 2021. While several figures and many theories have been advanced, we found particular LinkedIn post by Robert…

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