Insights Archive

December 5, 2022

Ireland Gambling Regulation Bill Finally Published

Ireland’s justice minister, Helen McEntee, has published the country's long-awaited Gambling Regulation Bill 2022, 66 years after its current primary gambling law was introduced.

December 5, 2022

Italian Market Consolidated By 2022 M&A Flurry

A spate of mergers and acquisitions among Italian-facing operators has shaken up Europe’s second-largest online market, leading to a more heavily concentrated market share picture at the corporate level.

December 2, 2022

Week In Crypto: FTX CEO Says He ‘Did Not Try To Commit Fraud’, ECB Claims Bitcoin At Death’s Door

Former FTX CEO Sam Bankman-Fried comes face to face with dispossessed customers at a New York Times event, European central bankers question bitcoin’s longevity and Kraken lays off almost a third of its staff.

December 2, 2022

Barclays Slapped With £8.4m Fine Over Card Fee Disclosures

The Payment Systems Regulator (PSR) has fined Barclays for not giving retailers full information about the costs of its card services.

December 2, 2022

Ireland To Fix Retail Banking Through ‘Organic And Progressive’ Change

The Irish Government’s comprehensive review of the country’s retail banking sector has concluded with 34 separate recommendations to better improve the culture of governance, competition and consumer protection.

December 2, 2022

Daily Dash: SWIFT Low-Value Cross-border Payment Services Triples Users

SWIFT’s low value cross-border payments solution triples membership among member banks, Indonesia publishes white paper on its central bank digital currency (CBDC) design, and HSBC closes UK branches and sells Canadian bank.

December 2, 2022

Finnish Opposition Budget Eyes €50m Licensing Boost

Finland’s National Coalition Party (NCP), the country’s third-largest in Parliament, says that the country’s gambling monopoly system has “failed” to protect people from harm.

December 2, 2022

Twitter: The Secret Weapon U.S. Sportsbooks Use To Keep Up With Sharps

Overshadowed by all the news coverage about its turbulent transition under new owner Elon Musk is Twitter’s importance in providing critical betting information to sportsbook operators.

December 2, 2022

Massachusetts Gaming Commission Approves Sports-Betting Vendor, Tax Regulations

As the Massachusetts Gaming Commission prepares to host a public hearing Monday on the state's three casino retail sports-betting licenses, commissioners agreed to set aside some time in an upcoming meeting for a policy briefing on promotional play credits and free bets.

December 2, 2022

Personnel Moves - November 2022

Chris McGinnis named as Playtech’s new chief financial officer, Anthony “Tony” Rodio, chief executive of Great Canadian Entertainment has retired as CEO and a director, Australian casino operator The Star Entertainment Group named two non-executive directors to replenish its board after a series of resignations over compliance failures.

December 2, 2022

News In Brief: November 28-December 2, 2022

Blackstone selling its stake in two Las Vegas casinos for a huge profit, New York bill to make regulator consider amending racing gambling rules, Ontario bans UFC betting over integrity concerns and Maryland grants initial approval for two online sports-betting operators.

December 1, 2022

RBA Board’s To-Do List: Least-Cost Routing For Mobile Wallets And Further BNPL Oversight

The Reserve Bank of Australia (RBA) has outlined its key payment objectives, which include a two-year window to implement least-cost routing for card-based transactions on mobile wallets, monitoring of Visa and Mastercard’s buy now, pay later (BNPL) platforms and support for instant cross-border payments.

December 1, 2022

India Begins Live Testing Of Retail Digital Rupee

A digital rupee pilot in India has kicked off today, allowing selected merchants and customers to test person-to-person and person-to-merchant payments in Mumbai and New Delhi.

December 1, 2022

UK Study Finds Lack Of ID Verification In Cryptocurrency Gambling

A group of UK-based researchers examining cryptocurrency gambling sites found none that verified the identities of new players, and 35 percent asked for only an email but no personal information.

December 1, 2022

Auditor Slams Ontario Over Casino Privatization Process, AML Oversight

Two high-profile reforms of land-based and online gambling in Ontario have come under scrutiny after an Auditor General report criticized the province’s lottery corporation for accepting reduced revenue commitments from private casino operators and the Attorney General faces litigation seeking to upend a new iGaming regulatory regime.

December 1, 2022

Chilean Congress Backs Betting Ad Ban

The lower house of Chile’s Congress overwhelmingly approved a motion on Wednesday to prohibit betting advertising and sponsorships around Chilean sports events, although several steps remain in the legislative process before any restrictions would take effect.

December 1, 2022

Maltese Regulator Cancels Trio Of Licences

The Malta Gaming Authority has cancelled three separate licences belonging to Morpheus Games, eGaming Lab Limited and M-Hub Gaming C4 Limited.

December 1, 2022

American Gaming Association Values Illegal U.S. Gambling Market At $511bn Annually

Even with commercial and tribal gaming legal in 42 U.S. states, Americans still spend an estimated $511bn annually gambling via unregulated sportsbooks, offshore websites and so-called skill-based gaming devices, according to a new report by the American Gaming Association.

November 30, 2022

DORA Incoming: Why The EU’s New Rules Will Be A Gamechanger

The Digital Operational Resilience Act (DORA) has made its way through the EU’s political institutions. VIXIO speaks to industry experts to explain why companies will need to get ready for an overhaul of their ICT policies.

November 30, 2022

Come Back Within 120 Days, India’s Central Bank Tells Paytm As Licence Application Stumbles

A subsidiary of Paytm, India’s online payments giant, has had its application to provide payment aggregator and payment gateway services for online merchants put on hold.

November 30, 2022

FCA Opens Discussion About Bigtech Entry Into Financial Services

One month after the Financial Conduct Authority’s (FCA) discussion paper on bigtech firms’ entry into UK financial services, experts weigh in on risks and warn that it is high time to name a regulator that takes ownership of bigtech oversight.