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Smarkets Secures Betting Licence in Sweden

 The HALLO ECHO
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  Betting exchange operator Smarkets has secured a betting licence from the Swedish Gambling Authority. The licence will allow Smarkets to offer betting exchange services in Sweden via its primary Smarkets.com domain, with the brand expected to launch later this year. A total of 95 companies have been issued licences to operate in Sweden since…

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Virginia Governor Proposes Amendments to Casino Bill

 The HALLO ECHO
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  Virginia Governor Ralph Northam has proposed some amendments to the casino bill. After Lawmakers approved the legislation to launch five casinos in Virginia, it was sent to the Governor for signing. Northam had until midnight on Saturday to act on SB 36 or HB 4 but decided to propose amendments to the bills instead…

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Optibet Sues Latvian Parliament Over Online Gambling Ban

 The HALLO ECHO
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  Gambling operator Optibet has challenged the decision of the Latvian parliament (Saeima) to ban online gambling in the Latvian Constitutional Court. “With this decision, legitimate business was eliminated while illegal operators do not comply with any restrictions,” Dainis Niedra, Head of Optibet in the Baltic States, said. In his opinion, the decision to ban…

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Svenska Spel Relaunches Proxy Play Service

 The HALLO ECHO
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  The Swedish gaming company Svenska Spel has reintroduced the proxy play service for its customers. The service will allow customers to nominate an individual to place bets or buy lottery tickets on their behalf. “It is for people such as the elderly who cannot get to play directly through an agent. We removed this…

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UKGC Reveals Reasons for Triplebet Licence Suspension

 The HALLO ECHO
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  The UK Gambling Commission (UKGC) has published the reasons for suspending Triplebet’s licence. Triplebet’s operating licence was suspended on February 17 as part of a package of sanctions for social responsibility and money laundering failings. An investigation found serious failings in Triplebet’s approach to anti-money laundering, the monitoring of business relationships and due diligence…

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Singapore to Establish New Gambling Regulatory Authority in 2021

 The HALLO ECHO
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Singapore is set to establish a new Gambling Regulatory Authority (GRA) by 2021 to consolidate and optimise all gambling regulatory resources within a single agency. The GRA will see the current Casino Regulatory Authority (CRA), which oversees Singapore’s casinos, and the Gambling Regulatory Unit, which regulates remote gambling services and “fruit machines,” come under one…

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