Western Europe

Belgium’s Gambling Commission rules against loot boxes

The HALLO ECHO

Kansspelcommissie, Belgium’s gaming commission ruled against a few video games and warned millionaire penalties if they’re not adjusted. The threatened operators face fines up to US$2 million if a number of popular video games are not adjusted. The Belgian Gaming Commission calls these loot boxes game of chance, and if these are further exploited, they…

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UK committee to introduce lottery changes

The HALLO ECHO

The House of Commons’ Public Accounts Committee (PAC) of the UK has recommended changes in the country’s lottery system. The PAC in its latest report has pointed out that lottery profits allocated to good causes are failing. The committee blamed Camelot, the operator of the UK National Lottery, for its shortcomings. The report showed that…

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UKGC comes up with new guidelines on spending limits and age verification

The HALLO ECHO

The United Kingdom Gambling Commission (UKGC) publicised new guidelines on spending limits and age verification as a part of making gambling safer in the UK.  Enhancing the speed and effectiveness of age verification processes, ensuring operators set limits on consumers’ spending until affordability checks have been conducted and protecting children by banning operators from providing free-to-play…

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Constitutional Court of Belgium invalidates a 2016 constitutional amendment which calls for gambling operators to pay 21% VAT

The HALLO ECHO

The Constitutional Court of Belgium invalidated a 2016 constitutional amendment on Thursday which called for online gambling operators to pay a 21% value-added tax on their Belgian operations. The online gambling market was regulated by Belgium in the early 2010 when amendments to the Gaming and Betting Act of 1999 were publicised in the Belgian Official Gazette.…

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Autorité des marchés financiers (AMF),France calls forth companies using cryptocurrencies to adhere to certain rules

The HALLO ECHO

The stock market regulatory body of  France, the Autorité des marchés financiers (AMF) has ruled that companies using cryptocurrencies must adhere to certain rules. The decision comes on the heels of an analysis of the legal qualification of cryptocurrency derivatives, which the AMF conducted post an escalation in the number of online trading platforms offering…

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Betting Companies halted from GAA Sponsorship

The HALLO ECHO

As a motion prohibiting the involvement of betting companies received inordinate back up at the Annual Congress, the BETTING companies have been halted from sponsoring GAA teams, competitions, playing gear, and facilities. While addressing the first motion of a busy Congress at Croke Park, Roscommon’s, Michael Rock affirmed that gambling has now emerged as an…

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