Insights Archive

May 30, 2023

Norwegian Central Bank Concern Over Payment System Contingency

Contingency arrangements need to be strengthened so that the public can continue to pay securely and efficiently, says Norges Bank.

May 30, 2023

Cashless Is Coming, But Responsible Gaming Risks Remain

Cashless gaming in casinos may be inevitable but it should not be frictionless and might need to become mandatory for all play to maximize benefits and minimize risks from a responsible gaming perspective, according to experts speaking at last week’s International Conference on Gambling and Risk Taking in Las Vegas.

May 30, 2023

AUSTRAC, Crown Resorts Agree On AML Penalty of A$450m

Australia’s financial transactions watchdog has asked a court to fine Blackstone Group-controlled casino operator Crown Resorts A$450m ($293m) for breaching anti-money laundering and counter-terrorism financing (AML/CTF) legislation.

May 30, 2023

South Korea Legalises Online Betting For Horseracing

In an effort to recover from pandemic damage to its racing industry, South Korea’s National Assembly has amended legislation to permit online betting on horseracing.

May 30, 2023

U.S. Gaming Industry Looking To Cross-Sell Customers From Land-Based To Digital

Gaming and payment executives believe concerns over the potential cannibalization of brick-and-mortar business from internet gambling are outdated as new forms of gaming have helped New Jersey’s market rebound since the coronavirus pandemic.

May 30, 2023

Dutch Regulator Demands Unlicensed Maltese Operator Exits Market

The Netherlands Gambling Authority has imposed a cease and desist order and a maximum fine of €717,000 on Malta-based GoldWin LTD for offering online gambling in the country without a licence.

May 30, 2023

Peru Passes Bill To Amend Online Gambling Law

Peru’s Congress has approved a series of amendments to the 2022 law to fix loopholes and errors in the original legislation to regulate remote gaming and sports betting in the country.

May 26, 2023

Australia’s Woolworths To Accept Instant Payments In ’Game-Changing’ Move

Australia’s largest supermarket chain is set to offer an instant payments service that will allow customers to pay for items directly from their bank accounts.

May 26, 2023

Week In Crypto: US Treasury Sanctions Binance Wallets With Ties To North Korea

Binance helps US authorities stop North Korean sanctions buster but faces new allegations of commingling of funds, Hong Kong pulls the plug on stablecoins for retail investors, and new crypto enforcements in Malaysia and the Philippines.

May 26, 2023

EU Data Act Access Rules Spark Concern Among Lobbyists

Industry associations in the banking and tech sector have released a joint statement regarding concerns over proposed access to data by public authorities.

May 26, 2023

What Meta’s Historic GDPR Case Could Mean For Payments

Irish authorities have imposed a record $1.2bn fine on Meta for illegally transferring Europeans’ data to the United States and banned future transfers. Experts now tell VIXIO the decision bears wider implications for the payments industry.

May 26, 2023

Daily Dash: Starling Boss Flies Away

Starling’s CEO and founder has said she is stepping down from the role after £453m in revenue, 365-day payments launch in New Zealand and the EU’s data protection body elects a new chair.

May 26, 2023

Japan Flags Blocking Of Foreign Gambling Websites

Japan’s consumer affairs minister has told a parliamentary committee that the government may seek to block foreign gambling websites as part of a host of “counter-measures” against a proliferating online gambling market.

May 26, 2023

Malta Lawsuit Shield Bill Draws Support, Condemnation

Malta’s attempt to shield its licensed gambling companies from liability from lawsuits in Germany and Austria is drawing both backing and condemnation.

May 26, 2023

No Longer Resonating, The Term 'Responsible Gambling' Is Under Fire

Critics have said it is time to jettison "responsible gambling", which is not working and may be causing more harm than good to the gaming industry and its customers.

May 26, 2023

French Online Casino Bill Would Freeze Out Foreign Competitors

A member of France’s largest political party has submitted a legal proposal to open up the online casino game market that would give a significant head-start to the country's land-based casino sector.

May 26, 2023

Cardroom Expansion Moratorium Reinstated In California

A bill to reinstate a moratorium on cardroom expansion in California has been signed into law by Democratic Governor Gavin Newsom, prohibiting gaming regulators from issuing new cardroom licenses for the next two decades.

May 25, 2023

Citizens Bank Pays $9m Penalty For Credit Card Dispute Failure

Citizens Bank has settled a case with the Consumer Financial Protection Bureau which alleged the bank automatically denied certain credit card fraud claims.

May 25, 2023

Signed Off By October? EU’s Instant Payments Legislation Hopes

Brussels hopes for a swift legislative process, questions remain over whether the European Council and Parliament will play ball and non-bank access to payments still on the agenda as VIXIO looks at the current state of play for EU instant payments regulations.

May 25, 2023

India Braces For Impact As Withdrawal Of ₹2,000 Notes Confirmed

The Reserve Bank of India has confirmed that ₹2,000 banknotes are soon to be withdrawn, raising fears of cash shortages that crippled the country in 2016 during a similar "demonetisation" policy.

May 25, 2023

UK Gambling Commission Penalty For Paddy Power, Betfair

The UK Gambling Commission has issued a £490,000 financial penalty for Flutter-owned Paddy Power and Betfair after it sent promotional push notifications to devices linked to customers who had self-excluded.