Insights Archive

October 3, 2022

Personnel Moves - September 2022

New faces on the board of the French regulator, Caesars appoints iGaming boss, The Star's CEO departs and LeoVegas appoints new LatAm country manager.

October 3, 2022

Alabama Supreme Court Orders End To Electronic Bingo

Alabama’s Supreme Court has ordered the closure of electronic bingo machines at three gaming facilities, firing the latest shot in a decade-long legal battle and raising the stakes for legislative discussions on expanded gambling that are set to resume in 2023.

October 3, 2022

Uruguay Urged To Include Sports Betting In Online Gambling Bill

Casino developer Cipriani Group, which is building a $200m casino-hotel complex in Punta Del Este, is demanding that sports betting be included in the Uruguayan government’s bill to legalise online gambling.

October 3, 2022

NSW Premier, James Packer Attack Slots Lobby Group

ClubsNSW, a powerful and aggressive lobby for pubs and clubs and the slot machine industry, is facing unprecedented pressure after the New South Wales (NSW) state premier and billionaire James Packer separately warned and attacked the group.

October 3, 2022

Indiana Leads List Of Online Casino Contenders For 2023

Only seven U.S. states have legalized internet gaming in the last decade, and there will be none this year, but Indiana may be the light at the end of the tunnel in 2023.

October 3, 2022

Time Has Come To Cap Prepaid Card Interchange Fees, Brazil Says

The Brazilian Central Bank has introduced a cap for interchange fees on prepaid cards, a payment instrument largely provided by fintechs that has helped bring millions into the traditional financial system.

October 3, 2022

MEPs Not Impressed By Amazon’s Role In Digital Euro Project

EU lawmakers have expressed concerns about Amazon’s role in the European Central Bank’s digital euro investigation, citing issues such as governance and data protection.

October 3, 2022

UK’s Paym To Be Wound Down

Experts lament the demise of Paym as UK banks confirm the shutting down of the mobile payments platform first launched in 2014.

September 30, 2022

News In Brief: September 26-September 30, 2022

Malta still loves its online gambling industry and BetMGM faces multi-million New Jersey lawsuit from problem gambler.

September 30, 2022

For Better Or Worse, Gaming's Politicization Grows As U.S. Elections Approach

Legendary California Assembly Speaker Jesse “Big Daddy” Unruh coined the phrase, “Money is the mother’s milk of politics,” and the gambling industry is increasingly being perceived as a cash cow in elections.

September 30, 2022

Brazilian Football Teams May Not Comply With Betting Investigation

An investigation into betting sponsorships and advertising by Brazil’s national consumer protection secretariat Senacon appears to have slowed, amid word from insiders that some of the implicated sports teams will refuse to hand over copies of their partnership contracts.

September 30, 2022

Cambodia Crackdown Frees Thousands Of Enslaved Online Staff

Thousands of captive workers in Cambodia have been released from online gaming and other illegal operations by police in just weeks, as the government finally begins to sweep underground gaming hubs around the nation.

September 30, 2022

Daily Dash: Central Banks Test Cross-Border CBDC In BIS Initiative

Sweden, Norway and Israel trial new cross-border retail CBDC payments, new Russian sanctions unveiled following sham referendum and US bank fined for “illegal overdraft” fees.

September 30, 2022

Stablecoin Reserves Must Be ’Publicly Transparent’, Says Fed Chair

Federal Reserve chair Jerome Powell argues that private stablecoin issuers must face greater transparency rules to build trust and protect against insolvency in a roundtable discussion on digital asset regulation.

September 30, 2022

No More Delay! India’s Card-On-File Rules Enter Into Force

After more than a year of delays, new rules aimed to strengthen the security of online card payments in India are coming into force at the weekend.

September 30, 2022

Week In Crypto: Resignation, Resisting Arrest And A Surprisingly Upbeat Regulator

As the LUNA co-founder evades an arrest warrant, the CEO of bankrupt Celsius decides it’s time for him to go. Meanwhile, the head of a US regulator says bitcoin could double in value under the right legal framework.

September 30, 2022

US Trade Associations Sue CFPB Alleging Overreach

The Consumer Finance Protection Bureau (CFPB) is operating beyond its statutory authority and without accountability, according to the American Bankers Association, US Chamber of Commerce and others.

September 29, 2022

Uneasy Lies The Head Of Gambling's King Of The South

As the casino industry celebrates its 30th anniversary this year in Mississippi, the Magnolia State’s reluctance to embrace online betting continues to pose a threat to its status as the South’s top gaming state.

September 29, 2022

Bill To Ban Betting Advertising Advances In Chilean Congress

The sports commission in Chile’s Chamber of Deputies has voted to approve an amended bill that would ban all betting sponsorships and advertising after a one-year grace period for teams, leagues and offshore operators to unwind their existing partnerships.

September 29, 2022

Investors Still Bullish On Gambling M&A Despite Economic Downturn

Mergers and acquisitions activity in the gaming industry could continue at a high volume even in the event of an economic downturn, according to leading U.S. investment analysts.

September 29, 2022

Philippine Regulator Resists Calls For Online Gambling Ban

Philippine gambling regulator PAGCOR has defended its record supervising the offshore-facing online segment amid mounting support for legislation that would ban the industry in its entirety.