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The MGA implements First Phase of its Sandbox Framework for the acceptance of VFA and the use of DLT within the Gaming Industry

 The HALLO ECHO
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  As announced earlier in 2018, the Malta Gaming Authority has launched the first of two phases of its Sandbox Framework for the acceptance of Virtual Financial Assets (VFA) and the use of Distributed Ledger Technology (DLT) within the Gaming Industry on 1 January 2019. During this phase, the Authority will be accepting applications for the use of DLT assets, directly…

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Spain forms new regulatory board to manage the surging online gaming sector

 The HALLO ECHO
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  Spain has appointed an advisory board comprising industry experts in the gaming industry with the aim of formulating the country’s responsible gaming strategy. Spain’s official regulatory body, the Dirección General de Ordenación del Juego (DGOJ), has established the Consejo Asesor del Juego Responsible (CAJR), which would support the regulator in the development, execution and…

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Japan’s Loot Boxes face bleak future

 The HALLO ECHO
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  The increasingly stringent regulations over loot boxes all over the world are having their impact on Japanese gaming industry. Japan’s gaming industry, the global leader in the electronic gaming industry for nearly five decades, is facing the heat following the global clamp down against loot boxes. Japan’s game makers have pioneered the practise of…

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New Law for Gambling Zone Investors comes into force in Russia

 The HALLO ECHO
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The Russian government has adopted a new legislation for gambling zone investors in the country. According to the new law, if a gambling zone is closed or its borders are changed before the expiration of 10 years from the date of its creation, the actual damage suffered by the business will be refunded to investors.…

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JPJ Group obtains Swedish iGaming license

 The HALLO ECHO
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  JPJ Group’s Vera&John and InterCasino brands have received iGaming license in Sweden and are going to launch in as early as January 2019. Dumarca Gaming, a subsidiary of JPJ Group, has received online casino license from Sweden’s gambling regulator the Lotteriinspektionen. It will join with the Latvian operator Optibet, which has secured online gaming…

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William Hill is going to appeal Dutch regulator’s heavy fine

 The HALLO ECHO
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  William Hill plc. has decided to file an appeal against the heavy fine of 300,000 euros slapped by the Dutch gaming regulator, Kansspelautoriteit. The regulator imposed the penalty on the company for offering online games of chance to Dutch consumers. The website provides Dutch translation facilities and using the Dutch bank account-linked iDEAL online payment…

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