Insights Archive

October 18, 2021

Lithuania Approves Online Licence, Tax Changes

Lithuania’s parliament has adopted amendments to the gambling law that allow for a new type of online gambling licence from July 2022.

October 18, 2021

Washington Tribes Critical Of State Sports-Betting Rules

As more tribal casinos in Washington state begin to accept wagers on games, behind the scenes, regulators are inching closer to approving another set of rules to be added to state gambling regulations by the end of the year.

October 18, 2021

Palacegate Casino Seeks Buyer As Tourists Shun London

Liquidators Grant Thornton have taken control of one of London's most famous casinos after the COVID-19 pandemic and a tourist drought left the Palacegate struggling to pay its staff.

October 18, 2021

Aristocrat Offers £2.1bn To Buy Playtech

In a dramatic move for the global online gaming space, Australian gaming machine giant Aristocrat Leisure has made a takeover offer of more than £2.1bn ($2.9bn) for UK gaming software and platform developer Playtech, whose board fully backs the deal.

October 15, 2021

G7 Outlines CBDC Principles

The G7, including countries such as the United States, United Kingdom and Germany, has published Public Policy Principles for Retail Central Bank Digital Currencies (CBDC), with issues such as financial stability and cybersecurity taking centre stage.

October 15, 2021

FSB Updates Cross-Border Targets, As Sibos Talks Up Prospects

Most of 2021’s targets have been met, but the success of the Financial Stability Board’s (FSB) roadmap for cross-border payments will depend heavily on the commitment of public authorities and the private sector working together, the standard-setting body has cautioned in its latest progress report.

October 15, 2021

Week In Brief - October 15, 2021

A short roundup of some of the week's payments news you may have missed.

October 15, 2021

Pandora Papers Reveal Further Gaps In U.S. AML Rules

Just one year after the massive suspicious activity reports leak that became known as the FinCEN Files, the U.S. is shaken again by the disclosure of millions of confidential files that sheds light on further deficiencies in the U.S. AML framework.

October 15, 2021

Only Two Governors To Be Elected In 2021, Both In Gaming States

Two states — one where gaming is just getting started and another almost synonymous with brick-and-mortar and online casinos — will elect governors on November 2.

October 15, 2021

U.S. Executives Say Leagues, Media Lead Sports-Betting Boom

Two top gaming executives have said professional sports leagues and media companies are among the biggest winners after more than three years of the U.S. sports-betting boom.

October 15, 2021

London's Aspinalls Denies Culture Of Racism As Croupier Sues

Lawyers for exclusive Mayfair casino Aspinalls have denied the company has an “institutional culture of racism or sexism" after being sued by a black croupier who says she was subjected to "violating" racism and sexism.

October 15, 2021

BGC Replaces 'When The Fun Stops, Stop' Campaign

The Betting and Gaming Council (BGC) has announced the long-awaited replacement of the "When the fun stops, stop" safer gambling campaign in the UK.

October 15, 2021

Finland Police Fine Eurosport €800,000 Over Gambling Ads

Finland's National Police Board has fined television network Eurosport €800,000 ($929,000) over gambling advertisements in violation of rules protecting gambling monopoly Veikkaus, even though the broadcasts originated from outside Finland.

October 15, 2021

News In Brief: October 11-October 15, 2021

Michigan reports record monthly gross revenue for online gambling, abolition of Lithuania's flat tax for lotteries and gambling looms larger, and the European Lotteries boss weighs in on the EU's Digital Services Act.

October 14, 2021

Banks Find Agile Tools To Fight Agile Fraudsters During Pandemic - Sibos

As financial crime has skyrocketed during the pandemic, financial institutions have had to change the way they chase fraudsters. While machine learning can increase their agility in fraud detection, there is more to do in terms of cooperation, panelists at a Sibos session said.

October 14, 2021

Fed Payments Modernization Moves Forward With E-invoice, Remittance Initiatives

The U.S. Federal Reserve and Business Payments Coalition (BPC) has announced plans to launch a pilot exchange framework for electronic invoices (e-invoices) and an initiative to improve electronic delivery of remittance information.

October 14, 2021

Bankers Split On Implications Of CBDCs

The rise of central bank digital currencies (CBDCs) has left commercial and public sector banking officials dwelling on what the best move forward is and potential risks. Meanwhile, China continues to emerge as the most likely first mover. <br />

October 14, 2021

UK Casino Docked £450,000 For AML, Responsibility Failures

The UK Gambling Commission has fined a Leeds casino £450,000 ($615,000) after a probe revealed social responsibility and anti-money laundering (AML) failures.

October 14, 2021

Australian Online Problem Gambling Rate Doubles In A Decade

A landmark Australian study on the prevalence and impacts of interactive gambling has given ammunition to governments to impose heavier restrictions on online gaming, with the rate of problem gambling doubling to 1.2 percent in ten years.

October 14, 2021

Signature Gatherers Accused In Florida Sports Betting Campaign

The DraftKings and FanDuel sports-betting campaign committee in Florida is no longer soliciting signatures at Florida International University (FIU) in Miami following reports of students being harassed on campus, a committee official said.

October 14, 2021

Minnesota Sports Betting Still Facing Strong Tribal Opposition

Minnesota lawmakers are expected to reconsider legislation next year that would legalize sports betting, but any bill likely needs the support of gaming tribes that oppose any form of gambling expansion.