Insights Archive

November 4, 2022

Latin American Operators At Odds Over Online Betting Sponsorships

Lawyers and operators have given contrasting perspectives on the legality of online sports-betting sponsorships for football teams in unregulated markets such as Chile, Uruguay and Brazil.

November 4, 2022

UK Gambling Commission Hands Out Suspension For Self-Exclusion Failure

The UK Gambling Commission has suspended LEBOM Limited from transacting with consumers for not being integrated into the GAMSTOP self-exclusion scheme.

November 3, 2022

Open Banking Kicks Off In Saudi Arabia Early Next Year

Industry participants welcome Saudi Arabia’s open banking framework, which is expected to launch in the first quarter of 2023.

November 3, 2022

UK MPs Criticise Government Transparency Over ’Controversial’ Regulator Power In Finance Bill

A planned amendment to the Financial Services and Markets Bill, which greatly extends the powers of the UK government to direct financial regulators to take action, has been delayed, which the Treasury Select Committee has called "sub-optimal" due to a lack of parliamentary scrutiny it will receive.

November 3, 2022

South Africa To Launch Modernised Instant Payment Service In 2023

After being a pioneer in setting up instant payments 16 years ago, South Africa is now preparing to launch a new instant payment service looking to mirror the success of similar services in India, Singapore and Thailand.

November 3, 2022

Doomed Sports-Betting Propositions In California Could Cost $700m

With just five days left until the November 8 election, the amount spent on two apparently futile propositions to legalize sports betting in California is expected to set a new national record of up to $700m.

November 3, 2022

North Dakota Governor Rejects Tribes' Online Gaming Request

North Dakota Governor Doug Burgum has denied tribes’ request for exclusive online gaming rights in the final draft of new gaming compacts, saying Wednesday that there is no clear legal path for him to unilaterally expand the state’s gambling laws to allow the five tribes to offer internet wagering across the state.

November 3, 2022

Australian Regulator Orders AML Audits For bet365, Sportsbet

Australia’s financial transactions regulator has ordered Flutter Entertainment-owned Sportsbet and bet365 to be audited after claiming “reasonable grounds” to suspect the bookmakers violated or are violating anti-money laundering (AML) legislation.

November 3, 2022

Lula's Election Shuffles Deck For Gambling In Brazil

Luiz Inácio Lula Da Silva's election as President of Brazil should not alter the landscape for gambling expansion in Brazil and leaves open a window for sports betting to become regulated before the end of this year, according to experts speaking at the SBC Summit Latinoamerica in Miami on Tuesday.

November 3, 2022

MPs Pass Motion To Reverse Dutch Gambling Tax Cut

Scrapping a planned cut to online gambling tax in the Netherlands may be on the cards after MPs backed a motion to keep the levy at 29 percent.

November 3, 2022

Seventeen Operators Exit Ontario After iGaming Licensing Deadline

With a licensing deadline expiring two days ago, 17 operators that remain unlicensed to do business within Ontario's regulated iGaming market have ceased operations until their applications are completed, the Alcohol and Gaming Commission of Ontario confirmed on Wednesday.

November 3, 2022

Industry Needs 'Adult' To Step In, Says Danske Spil Boss

The gambling industry needs tough, clear regulations to keep it in check, as it cannot seem to agree on how to regulate itself, says the CEO of Denmark’s largest operator.

November 3, 2022

News In Brief: October 31-November 4, 2022

Postcode Lottery breaks ad rules in the Netherlands, Ohio approves new sports-betting licences and Rwanda suspends slots approvals.

November 2, 2022

Singapore Progresses To Next Stage With Programmed CBDC Project

Project Orchid has provided the Monetary Authority of Singapore with a "sharpened understanding" of central bank digital currency (CBDC) use cases, including adding conditions to what it can be used for, but the regulator still has no plans to issue one.

November 2, 2022

We Appreciate Consumer Duty Will Be Hard, FCA Acknowledges

Senior officials at the UK financial watchdog have defended the controversial new policy as a way to improve competition and support cost of living pressures during an implementation webinar.

November 2, 2022

Hong Kong Launches Next-Gen SME Open Banking Data Platform

The Commercial Data Interchange (CDI), a new financial data-sharing infrastructure, launched last week, marks the next step in Hong Kong’s open banking journey as it targets improved services for small businesses.

November 2, 2022

Australia Imposes Tougher Warnings On Online Wagering Ads

Australia’s federal government has released a series of compulsory, more robustly worded responsible gaming warnings to be rotated across online wagering commercials and promotions in print, broadcast and online media.

November 2, 2022

Caesars Pulls Las Vegas Casino Sale, Eyes New York License

Even prior to the completion of Eldorado Resorts' $17.3bn acquisition of Caesars Entertainment more than two years ago, executives emphasized they were working on a potential sale of a Las Vegas Strip property to pay down debt, but that plan has now been scrapped.

November 2, 2022

Swedish Stakeholders Renew Calls For Debt Register, Loan Ban

There are renewed calls in Swedish local media to protect gamblers by introducing a national debt register and the ability to ban loans to indebted people, but barriers to introducing such a system persist.

November 2, 2022

Personnel Moves - October 2022

New government ministers in the UK and Sweden, MGM adds digital boss, Aristocrat appoints tribal envoy as non-executive and new lottery chief selected in Brazil.

November 1, 2022

Turkey To Launch Digital Lira In 2023 Linked To eID

Turkey has announced plans to introduce a central bank digital currency by next year, which will combine with a digital identity system.