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Gambling companies in Belarus raise concern against $ 1 Million Security Deposit

 The HALLO ECHO
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  The government of Belarus has recently proposed a mandatory $1 Million security deposit for online gambling companies. The online gambling operators fear that this will adversely affect their business. While this is not a new thing – Italy requires a guarantee of € 1.5 million and Czech Republic requires € 1.1 million – this…

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MGA issues warning to unauthorised operators

 The HALLO ECHO
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  The Malta Gaming Authority (MGA) has issued a warning to operators and providers of gaming services and gaming supplies, including those offered by remote means, that only licensed operators will be allowed in the country. MGA reiterated that according to article 13 of the Gaming Act, the companies can function in and from Malta,…

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eCOGRA to launch certification for software providers in Sweden

 The HALLO ECHO
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  eCOGRA, the independent testing lab is going to offer testing and certification of operators who plan to obtain gambling licenses in Sweden. The company will modify its ISO/IEC 17025:2005 accreditation by the United Kingdom Accreditation Service (UKAS) to include the necessary standards and technical requirements of Swedish regulator Lotteriinspektionens. eCOGRA is the only online…

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Betfred signs agreement with SMP Compliance Academy

 The HALLO ECHO
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  The UK-based bookmaker Betfred has strengthened its regulatory compliance framework by signing a partnership with SMP Compliance Academy. SMP Compliance Academy is CPD-accredited company. It was established in 2017 by SMP eGaming, an Isle of man-based specialist eGaming consultancy. Ted Pepper, Director of SMP eGaming, said: “The partnership with Betfred is based on a…

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Ireland okays loot boxes

 The HALLO ECHO
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  The Irish government has decided to buck the popular trend about the controversial loot boxes and categorically stated that loot boxes do not fall under the ambit of gambling. It must be noted that 15 countries and several regulators, ranging from Washington State to Poland, have so far brought regulation against skins gambling and…

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Georgia invites bids for controlling gambling business in the country

 The HALLO ECHO
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  In an interesting new development, the Revenue Service of the Ministry of Finance of Georgia has released a tender document on its official website, which basically invited bidders for a project that offers a mechanism for controlling gambling business in the country.  “To date, the Revenue Service has no mechanism to establish and carry…

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