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Swedish Gambling Authority Orders Kindred to Pay SEK 100M for Bonus Violations

 The HALLO ECHO
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  Spooniker, the wholly-owned subsidiary of Kindred Group, has received a warning and a fine of SEK 100 million from the Swedish Gambling Authority (SGA) for bonus violations. SGA said that some of Spooniker’s offers, competitions and promotions come under the purview of financial incentives and, therefore, should be treated as bonuses. The provision of…

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German Legislators Approve New Gambling Regulations

 The HALLO ECHO
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  German legislators have approved the new gambling regulations that would legalise online poker and casino from 1 July 2021. A decision was also made on the location of the country’s new regulatory authority. Each of the German state parliaments must ratify the Glücksspielneuregulierungstaatsvertrag (GlüNeuRStv) bill, which intends to take the regulated igaming market into…

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Betway to Pay Fine for Failings Related to “VIP” Customers

 The HALLO ECHO
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  Online gambling operator Betway has agreed to pay a penalty of £11.6 million for a series of social responsibility and money laundering violations connected to the accounts of seven of its “VIP” customers. In one case, Betway failed to do the source checking of funds from a “VIP” customer who deposited more than £8m…

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Swedish Gambling Authority Warns Enlabs

 The HALLO ECHO
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  Spelinspektionen, the Swedish national gambling regulator, has warned the igaming operator Enlabs for the delay in starting operations. The operator made it clear that the company could lose its licence if it does not start its gaming operations by July. Enlabs obtained the Swedish igaming licence to start functioning in 2018. However, the company…

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Duterte Hints at More Stringent Online Gaming Regulations

 The HALLO ECHO
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  Rodrigo Duterte, president of the Philippines, has hinted at more stringent online gaming regulation. He claims that he is planning to impose further regulations on the country’s online gaming industry, but ruled out a ban on the Philippine Offshore Gaming Operators (POGOs). He added that further tightening of POGO regulations could be a reasonable…

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Virginia Lawmakers Approve Sports Betting and Casino Bills

 The HALLO ECHO
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  Virginia lawmakers have approved a pair of bills legalising casinos and sports betting in the state, after a fight over whether the state should allow bets on college games involving Virginia teams. The lawmakers chose to exclude Virginia colleges and universities from the new sports betting market, bowing to concerns raised by higher education…

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