Insights Archive

January 31, 2022

Data Analysis: Live Dealer Casino Exemption Boosts South African Online Market

A 37 percent jump in South African sportsbook revenue in 2020/21 was overwhelmingly driven by the provinces of Western Cape and Mpumalanga, where online live dealer casino games are permitted as “contingent events” on which to bet.

January 31, 2022

NHS To Sever Gambling Sector Funding

The UK gaming sector has defended its commitment to tackling problem gambling after reports that the NHS is set to sever industry funding for addiction clinics.

January 31, 2022

Final Countdown For Ontario Online Launch

The countdown to the launch of Ontario’s competitive online gambling market began in earnest on Friday when officials announced a go-live date of April 4, giving operators and regulators around ten weeks to clear a long to-do list.

January 31, 2022

Native American Governor At Odds With His Own People Over Tribal Gaming

A wry smile crossed the face of the only Native American governor in the United States when he was asked why he is so unpopular with gaming tribes in his state of Oklahoma.

January 28, 2022

PSR Outlines New Card Acquiring Remedies

The UK Payment Systems Regulator (PSR) has published its initial remedies consultation for its card-acquiring market review, as it aims to throw a lifeline to heavily burdened merchants.

January 28, 2022

Week In Brief - January 28, 2022

A short roundup of some of the week's payments news you may have missed. This week we look at the rise of online payments in Spain, a Malaysia and Indonesia QR payment linkage, a suspicious activity report sharing pilot program in the U.S., and new regtech guidance in Hong Kong.

January 28, 2022

Another One Bites The Dust! Thailand Reins In Crypto Payments

Thailand becomes the latest country to crack down on crypto usage, with its financial authorities planning to prohibit the use of crypto-assets to pay for goods and services.

January 28, 2022

Update: U.S. Consumer Watchdog Opens Broad Review Of Consumer Financial Product Fees

The Consumer Financial Protection Bureau has issued a request for information on fees charged by banks and financial services companies, including credit card and payments fees.

January 28, 2022

Missouri Casinos Team Up For New Sports-Betting Push

A new lobbying alliance of Missouri casinos and pro sports teams is hoping to finally get a sports-betting bill across the goal-line in 2022 as the Show Me State faces extra competition from neighboring states.

January 28, 2022

Novomatic Pulls Out Of ICE

Novomatic, the biggest ICE London exhibitor, has pulled out of the giant gambling conference citing COVID-19 concerns, “logistical challenges” and the “unfavourable and unavoidable alternative date”.

January 28, 2022

Philippine Senate Names Suspects In Gambling-Linked Trafficking Ring

A Philippine Senate committee has unanimously recommended criminal charges against 28 government officials and employees bribed by human trafficking and prostitution rings linked to the online gambling industry.

January 28, 2022

Namibia Commences Long-Awaited Gambling Laws

Namibia’s government has ratified two long-awaited acts integral to the regulation and expansion of its gambling industry, as it looks to fund social welfare programmes through the sector.

January 28, 2022

News In Brief: January 24-January 28, 2022

Deposit limits will not return in Sweden, KSA says unlicensed operators should brace for enforcement in the Netherlands and Nevada sets a revenue record.

January 27, 2022

Switzerland Emerging As Model For Regulating Crypto, Says Expert

Although regulatory responses around the world vary greatly, Switzerland stands out as the country that has struck the right balance when it comes to regulation. By contrast, the United States has emerged as the most aggressive cop on the beat.

January 27, 2022

Klarna Launches Physical Credit Card In The UK

UK consumers can now use Klarna’s buy now, pay later service on a physical credit card for online and in-store purchases.

January 27, 2022

BIS Outlines Innovation Hub Priorities

Payments, central bank digital currencies, decentralised finance (DeFi) and green finance are the key issues that the Bank for International Settlements (BIS) Innovation Hub will focus on in 2022.

January 27, 2022

IMF Pushes For El Salvador To Drop Bitcoin

The International Monetary Fund (IMF) has called on El Salvador to reverse its decision to grant Bitcoin legal status, citing the “large risks” in using the currency.

January 27, 2022

Game Changer' Comes To Louisiana With Launch Of Online Betting

The chairman of the Louisiana Gaming Control Board could barely contain his excitement on Wednesday as he talked about the impact online sports betting will have on his state when wagers commence on Friday morning.

January 27, 2022

European Commission Asked To Bust Austrian Monopoly

An Austrian trade group representing international operators is asking the European Commission to tear down the country’s gambling regime.

January 27, 2022

Genesis Global Fined £3.8m For Social Responsibility Failures

Genesis Global, which had its licence suspended for several months in 2020, has been fined £3.8m by the UK Gambling Commission, given a warning and ordered to undergo further extensive auditing.

January 27, 2022

U.S. AML Regulators Seek Guidance On Sharing Suspicious Activity Reports

A new rule being proposed by the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) would allow casinos to share suspicious activity reports with their foreign resorts, subsidiaries and affiliates to strengthen efforts to combat money laundering.