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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LeoVegas AB: Sweden’s parliament has decided on new gaming legislation in Sweden
 The HALLO ECHO
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Yesterday, the Swedish parliament decided on the new gaming legislation in Sweden. The new legislation will enter into force on January 1, 2019 and is in line with the previous proposal. In the new law, the game tax is set at 18% calculated on gross gaming revenue. It also introduces a central register for responsible…

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Roger Parkes to be appointed to Betway Limited board
 The HALLO ECHO
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London, 7th June, 2018 – Roger Parkes has been announced as the new Director of Compliance and Regulatory Affairs, a position that will see him join the Betway Limited board based in Malta. Parkes, who gained a lifetime achievement award at least year’s Gambling Compliance Awards, joined Win Technologies, a proud member of the Betway…

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Gambling Expansion plans delay in Illinois
 The HALLO ECHO
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Illinois’ gambling expansion plans hit a new roadblock as it became clear that the legislation will be completed only by the next legislative session. Illinois was one of the first states came out of block following the U.S. Supreme Court ruling over sports betting in mid-May that allowed individual states to make a decision on…

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Poland criticised for delay in simplified online betting sign-ups
 The HALLO ECHO
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A Polish trade association has criticised the government severely for making the registration process with Polish-licensed online sports betting operators too difficult. Late last month, Pracodawcy RP (Employers of the Republic of Poland) sent a letter blaming the Ministry of Finance of “making it difficult to develop the bookmaking market” and “hindering” local operators’ ability…

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Norway Submits New Payment Regulations To Ban iGaming Transactions
 The HALLO ECHO
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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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