Scandinavia

Norway Submits New Payment Regulations To Ban iGaming Transactions

The HALLO ECHO

Norway has submitted new gambling regulations to the European Commission. The new regulations would protect the current monopoly system for gambling services in the nation. Under the new proposal the processing of payments from persons in Norway to remote gambling operators without a Norwegian license will be banned. These new measures were put together by…

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Swedish Committee supports gaming bill

The HALLO ECHO

The Cultural Affairs committee of Sweden has given its support to proposed changes in gambling regulations in the country. The government is planning to update the existing regulations for online gaming and it has published a draft bill to do so. While the changes will not come into force before January 1, 2019, the licensing…

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Norway to continue payment restriction for gambling sites

The HALLO ECHO

Norway’s government is becoming more protective in the online gambling arena. The government is planning to propose new curbs on payment to international gambling websites. This move for stricter monitoring of online gambling payment processing is to further reduce the competition towards the state-owned Norsk Tipping, which enjoys gambling monopoly, including. Lotteri-og Stiftelsestilsynet, Norwegian Gaming Authority,…

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Denmark legislators move to restrict gambling bonus offers

The HALLO ECHO

Jesper Petersen, a Social Democrat MP in Denmark, revealed the legislators’ concern over the spiraling gambling bonus offers. He said in television interview that online gambling sign-up bonus offers, especially those through television promos, were getting out of control. He pointed out that some operators provide bonuses as high as DKK10k (US$1,640). According to Petersen, bonuses…

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Swedish gambling regulator to get funding as ahead of looming market regulation date

The HALLO ECHO

Lotteriinspektionen, the gambling authority of Sweden, could receive increased funding from the government, as the country is nearing the completion of the reformulation of gambling legislation. It is expected that the regulatory body will be entrusted with larger responsibilities and will need more funding to carry them out. The government has already mooted a proposal in…

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Sweden postpones licensing process to 1 August

The HALLO ECHO

The Swedish government has moved closer to establishing new igaming regulations, as it completed the submission of secondary legislation to the European Commission (EC). According to Nordic Gambling, the legislation features rules that cover the whole spectrum of igaming, such as licensing, international cooperation, responsible gambling, supervision and fees. The legislation also includes confirmation that…

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