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Greek Government Submits Draft Gambling Legislation to European Commission

 The HALLO ECHO
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  The Greek government has drafted new gambling legislation and submitted it to the European Commission for approval. The main difference in the potential new landscape is to subject online sports betting and other games to different licences. The latter will only cost €2 million, while sports wagering operations will require a €3 million investment.…

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Yggdrasil Secures Isle of Man B2B Software Licence

 The HALLO ECHO
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  Online gaming solutions provider Yggdrasil has secured a B2B software licence from the Isle of Man Supervision Commission. The new IoM certification brings the total number of software licences obtained by Yggdrasil to eight across four major gaming jurisdictions including the UK, Malta, Gibraltar and Romania. Since being founded in 2013, the company has…

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UK Gambling Commission Considers Banning VIP Schemes

 The HALLO ECHO
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  The UK Gambling Commission is considering whether to ban VIP schemes after collecting data from betting firms, including one that took 83% of all deposits from 2% of its customers. The much-criticised membership programmes reward gamblers who habitually lose large sums of money with perks such as free bets, cashback on losing wagers or…

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Latvia Introduces Responsible Gambling Program

 The HALLO ECHO
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  Latvia has launched a responsible gambling initiative beginning from the New Year that offers the players an option to self-exclude themselves from gaming operations. After the Latvian government approving the self-exclusion program, it came into force January 1. players can ban themselves from both online and land-based gaming operations for one year. “The purpose…

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Swedish Court Reduces Genesis and Aspire Global Penalty Fees

 The HALLO ECHO
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  Sweden’s Administrative Court has ruled that the penalty fees issued to Genesis Global and Aspire Global for breaching self-exclusion regulations should be reduced. Spelinspektionen, the gambling regulator in Sweden, ordered Genesis to pay a penalty of SEK4m (€382,757) in March, while Aspire was issued a penalty of SEK3m in April related to its AG…

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Northern Ireland Launches Consultation on Gambling Legislation

 The HALLO ECHO
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  The Department for Communities (DfC) has launched a public consultation to consider changes in the current regulatory system and will run until February 21, 2020. DfC permanent secretary Tracy Meharg said that the department is considering changes that could be included in any new gambling legislation. She described the industry as an important employer…

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