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Israeli Supreme Court Passes Landmark Verdict on Crypto Exchanges

 The HALLO ECHO
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  The Supreme Court of Israel has ruled that Leumi Bank cannot freeze the cryptocurrency exchange Bits of Gold’s account because of regulatory concerns. The bank, in spite of the court ruling , still maintains its stance against dealing with the exchange. However, the ruling sets precedent for Israeli cryptocurrency firms to legally use traditional…

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U.S. District Judge Overturns the Expanded Prohibition on Online Gambling

 The HALLO ECHO
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  U.S. District Judge Paul Barbadoro has ruled that the U.S. Justice Department’s recent move to expand a prohibition on online gambling under a 1961 law only bans sports betting that involves interstate transactions. The decision will be a big relief to operators of interstate lotteries and other internet-based gambling sites who feared that the…

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Loot Box Bill Enters U.S. Senate

 The HALLO ECHO
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  The loot box bill has entered the United States Senate. The bill is called Protecting Children from Abusive Games Act, and the full text of the law has also released. The bill is 18 pages long and give information about what a loot box is, and how it takes advantage of players, notably younger…

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Arkansas Receives Four New Casino Applications on the Deadline

 The HALLO ECHO
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  Four new applications have been submitted on the deadline date for casino licence in Arkansas. The state has received applications for a Pope County casino from the Cherokee Nation, Tri-Peaks Entertainment Group LLC, Robert and Ruth Kehl Family and the Choctaw Nation. The state had previously received an application from Gulfside Casino Partnership. Only…

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Spelinspektionen Imposes Fine on Two More Operators for Bonus Rule Violation

 The HALLO ECHO
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  Sweden’s Spelinspektionen has fined two more operators, after Betway and Mandalorian, for violating bonus offer rules. AG Communications Limited and Genesis Global Limited were recently fined by Spelinspektionen for violations of Sweden’s rules for offering bonuses to local customers. AG Communications got a SEK500,000 fine while the other operator was fined SEK1.7 million. Under…

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Illinois Senate Approves Gambling Expansion Bill

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  Illinois Senate has approved a massive gambling expansion bill for the legalisation of sports betting. Senate Bill 690 is passed through a 46-10 vote by the House lawmakers. The bill also authorises six new casinos in Waukegan, Rockford, Danville, South Suburbs, Williamson County and downtown Chicago. “I’ve only been doing this for 20 years…

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