Insights Archive

January 26, 2024

MGM Casinos To Pay $7.45m Fine To Avoid Federal AML Charges

Two MGM Resorts International casinos in Las Vegas have agreed to pay a combined $7.45m to resolve alleged violations of federal anti-money laundering laws in a settlement connected to the guilty plea by former gaming executive Scott Sibella.

January 26, 2024

NFL Player Criminally Charged For Placing Underage Bets

A rookie NFL player was arrested Thursday on charges that he used an alias account to place thousands of wagers while underage, including bets on his college team.

January 26, 2024

Entain's Prosecution Agreement Changes Risk Levels, Lawyers Say

Entain’s December £615m agreement to settle Bribery Act charges clearly “changes the risk profile” for UK-licensed online gambling companies with so-called dot.com operations, lawyers said on Thursday.

January 26, 2024

Hong Kong Consults On New Information Sharing Plans

The Hong Kong Monetary Authority has issued a public consultation paper on allowing financial institutions to share information on customer accounts to reduce financial crime.

January 26, 2024

Daily Dash: Ireland Moves Towards Mandating Cash Acceptance At Certain Retailers

Lawmakers in Ireland are set to vote on a new bill that could mandate cash acceptance and ATM provision, and India’s Razorpay has launched a new instant refunds feature for failed UPI transactions.

January 26, 2024

News In Brief: January 22-January 26, 2024

888 details its battle against poker bots, Nevada regulator website downed by hackers and Fallsview Casino Resort fined in Ontario.

January 26, 2024

Philippine Regulator Under Congressional Attack Over E-Lotto

Philippine members of Congress are lining up to attack the nation’s lottery regulator over the creation of an e-lotto platform outside due process.

January 25, 2024

North Carolina Announces March 11 Mobile Betting Launch

Mobile sports betting in North Carolina is set to launch before the start of the March Madness college basketball tournament on March 11, the state’s gaming regulator announced Wednesday.

January 25, 2024

Arkansas Reviewing Rules To Reopen Pope County Casino Licensing

The decision whether to issue a Pope County casino license is once again with the Arkansas Racing Commission, but commissioners are not expected to decide on reopening an application period before first reviewing proposed rules to govern a new application process.

January 25, 2024

AI Can 'Revolutionise' Gambling Industry, Says Developer

Artificial intelligence (AI) has the potential to “revolutionise” decision-making and security, as well as improve products in the casino and sports-betting industry, according to a software expert working in the implementation of AI.

January 25, 2024

What's Next For The CFPB's Rulemaking On Non-Bank Payment Apps?

After a 60-day consultation period, the US Consumer Financial Protection Bureau (CFPB) is currently reviewing its proposed regulations on non-bank payment apps. Facing a backlash from the industry, how are the proposals likely to evolve?

January 25, 2024

AI Will Continue To Present Opportunities ... And Risks

Artificial intelligence (AI) never strayed far from the headlines last year, and 2024 looks set to be the same story. However, the risk of AI being used by bad actors could lead to problems for the financial services sector.

January 25, 2024

STET Finalises SEPAmail.eu Acquisition

One of the EU’s key infrastructure providers has completed its acquisition of French payment fraud prevention service SEPAmail.eu, in a sign of clearing houses bringing on value-added services for customers.

January 25, 2024

Daily Dash: Visa Completes $1bn Acquisition Of Pismo Card-Issuing Platform

Visa has sealed a major acquisition of Pismo, a global cloud-native issuer processing platform, and Germany’s financial regulator has named operational resilience as one of its key focuses in 2024.

January 25, 2024

'Fixed-Odds' In Focus As Brazil Mulls Limits On Online Casino

Legal experts are hoping to convince government officials that Brazil’s new online gambling law is broad enough to encompass a full range of online casino products, despite recent indications that certain popular games could be prohibited.

January 24, 2024

Missouri Legislators Begin New Sports-Betting Effort

Missouri legislators have begun the process of once again trying to move sports-betting legislation, although the weariness of multiple failed attempts was on display during a hearing on Tuesday.

January 24, 2024

Tribes Hold Key To Sports Betting In Holdout U.S. States

A decision by proponents to discontinue efforts to put a sports-betting initiative proposal on the state ballot in November underscores the pivotal role that Indian tribes will play in eventually bringing legal sports wagering to California and other states.

January 24, 2024

US, UK, Australia Impose New Sanctions On Hamas Officials

Governments in the three jurisdictions have unveiled a new set of designations, following actions taken by the EU last week.

January 24, 2024

Daily Dash: Worldline Expands Paytech Partnership With Google Cloud

Worldline has announced that more of its paytech infrastructure will be moving to Google Cloud, a Volante survey has found that instant payments are a “must-have” for US banks, and a Hong Kong central bank imposter is on the loose.

January 24, 2024

Irish Researchers Defend High Problem Gambling Estimate

Ireland’s Economic and Social Research Institute has said it stands by its estimate that one in every 30 adults experience problem gambling in Ireland after its data was challenged by Flutter CEO Peter Jackson in the local media.

January 24, 2024

New South Wales Regulator Puts Slots Venues On Notice

The New South Wales state government said it is engaged in an “escalation in enforcement response” against improper ATM locations in licensed gambling venues, part of a wider, toughening response to industry non-compliance.