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Sweden to analyse the effects of iGaming liberalisation

 The HALLO ECHO
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The Swedish government will review the potential impact of liberalising iGaming before a making final call on opening its online market to international operators. The countries legislators have approved a new version of the new gambling law. It could pave the way for opening up the country’s the online market to international operators. However, the…

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Michigan passes online gambling bill

 The HALLO ECHO
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Michigan legislators have sprung a surprise by passing Rep. Brandt Iden’s online gambling bill on a 68 vs. 40 vote. As per the bill, licensed land-based casinos can now obtain licenses from the state to offer internet gaming. They will have to pay an 8 per cent tax on GGR based on intrastate activity. The…

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Netherlands launches online gambling crackdown ahead of World Cup

 The HALLO ECHO
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The Netherlands gambling authority, Kansspelautoriteit (KSA), has launched a fresh crackdown on online gambling ahead of football World Cup in Russia. The Netherlands have not qualified for the World Cup. The Dutch regulator announced that its focus will be on two things: cracking down underage gambling and identifying unauthorised betting that offer betting to local…

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XLMedia lowers forecasts after regulatory changes

 The HALLO ECHO
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XLMedia, a Jersey-based marketing company that also deals with online gambling, has reduced its revenue forecasts following regulatory changes in Australia and Europe. The company had expected revenue for the year end December 31, 2018, US$130m, with a marginally lower adjusted EBITDA compared to the previous year and with a corresponding impact on profit before…

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Japan to Vote on IR/Casino Bill

 The HALLO ECHO
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Japanese lawmakers will vote on the Integrated Resort Implementation Bill today. The lower house of Japanese diet postponed the Friday’s scheduled voting to today to avoid backlash ahead of and during today’s Niigata gubernatorial election. The bill has been proposed to regulated country’s budding integrated resort and casino gaming industries. The legislative piece was expected…

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Swiss voters pass gambling law reform

 The HALLO ECHO
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Voters in Switzerland gave a massive thumbs-up for the reform of the newly proposed gambling law on Sunday. According to the new law, offshore casinos will not be allowed to provide their online gambling service in Switzerland. The legislation proposes measures against addiction too. The proposal received 73 per cent votes in favour. “Voters prefer…

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