Insights Archive

October 7, 2021

NIGC Issues New Sports-Betting Guidance For Expanding Tribal Market

As Louisiana this week becomes the latest state to host sportsbooks in tribal casinos, the federal regulatory agency for Indian gaming has cautioned that proposed deals between tribes and sports-betting partners risk being disapproved unless the tribe retains clear control over the operation.

October 7, 2021

MGM Boss Says DraftKings-Entain Deal Has 'One Key Caveat'

With DraftKings and Entain still in talks regarding a potential takeover bid by the U.S. sportsbook powerhouse, the CEO of Entain partner MGM Resorts has weighed in and pointed out a key roadblock for the two sides.

October 7, 2021

Sweden Squeezing Unlicensed Operators Following Government Report

The Swedish Gambling Authority’s new strategy to tackle illegal online gambling will make it very hard for unlicensed operators to target Swedish consumers, according to the managing partner of the law firm Nordic Gambling, Morten Ronde.

October 6, 2021

Consumer Data Leaked From Brazil’s PIX

An investigation has been opened against Brazil’s Banco Banese, after local media reports of a personal data leakage from customers of various financial institutions involving the country’s new instant payments service, PIX.

October 6, 2021

As U.S. Casinos Embrace Cashless Gaming, Regulators More Cautious

As the U.S. gaming industry continues to bring mobile wallets and other cashless products to market, there are hurdles from a regulatory standpoint as state regulators try to understand the importance of this technology, according to lobbyists and gaming executives.

October 6, 2021

Hong Kong Monetary Authority White Paper Proposes General-Purpose CBDC

Hong Kong has set a new course in its exploration of a central bank digital currency (CBDC) by issuing a white paper targeting a retail CBDC.

October 6, 2021

News In Brief - October 6, 2021

There has been a dramatic increase of 60 percent in fraud cases between the first half of 2020 and the first half of 2021, the Belgian financial regulator has warned.

October 6, 2021

Karnataka Online Ban In Force As Industry Prepares Legal Action

Indian fantasy sports companies are now blocking users in Karnataka after a ban on all gaming with stakes came into force in the southwestern state on Tuesday, but market leader Dream11 has yet to declare its hand.

October 6, 2021

Sports-Betting Executives Say Self-Regulation Needed To Avoid U.S. Ad Restrictions

Sports-betting executives have said that increased self-regulation is the key to avoiding a clampdown on advertising by state or federal regulators as the industry continues to progress in the United States.

October 6, 2021

As U.S. Casinos Embrace Cashless Gaming, Regulators More Cautious

October 6, 2021

Gambling Now A Pillar Of Cypriot Economy, Says Government

The government of Cyprus wants the local gambling industry to keep growing, saying it has become a “pillar” of its economy, according to finance minister Konstantinos Petridis.

October 5, 2021

Global Crypto Standards Needed, Warns IMF

The International Monetary Fund (IMF) has published its latest report on crypto-assets, cautioning that the opportunities that the industry presents also come with plenty of risks.

October 5, 2021

Lessons To Be Learned From OBIE Investigation

An investigation into complaints made at the Open Banking Implementation Entity (OBIE), the not-for-profit organisation set up to develop industry standards and guidelines to help usher in open banking in the UK, has found it allowed a culture of bullying and intimidation to prevail.

October 5, 2021

Technology Helped Community Bankers Embrace Opportunities During Pandemic

A year after the pandemic hit, U.S. community bankers are optimistic about existing technologies but concerns about cybersecurity have grown to be their biggest fear.

October 5, 2021

After Conquering U.S., Casino Property Owners Eye Global Expansion

Despite a global pandemic that is still having an impact on the industry, the president of VICI Properties believes there are plenty of opportunities for gaming real estate investment trusts (REITs) to acquire casinos in foreign markets.

October 5, 2021

UK MPs Back Gambling Reform At Party Conferences

The UK's largest political parties have discussed the country’s impending gambling reforms at their annual conferences, as polling firm Survation reveals MPs and voters “overwhelmingly” support change.

October 4, 2021

Hungarian Central Bank Reveals Cracks In EU Passporting Regime As Fintechs Grow

The Hungarian central bank has issued a press release about Revolut which suggests that fintechs can only fully rely on the EU passporting system as long as they have a limited presence in a “host state.”

October 4, 2021

Industry Split Over Open Banking’s Progress In Europe

Some Europeans have welcomed the revision of the Payment Services Directive (PSD2); others believe that it has hampered progress. Consumers are not very aware of their rights to open banking and this remains a huge problem.

October 4, 2021

News In Brief - October 4, 2021

The Reserve Bank of New Zealand launches consultation on central bank digital currencies (CBDCs) and the Bank for International Settlements releases three new CBDC reports.

October 4, 2021

PEPs Prevalent In Pandora Papers

The Washington-based International Consortium of Investigative Journalists (ICIJ) has released yet another cache of leaked documents that illustrate the fondness of politically exposed persons (PEPs) for the offshore world. The 2.94 terabytes of data from it are expected to appear on the databases of financial crime software vendors the world over. The ICIJ claims that this is the largest cache of all.

October 4, 2021

Kindred Queried On Future Dutch Prospects

Analysts have quizzed Kindred Group on when it might be able to get back into the Dutch market, as newly licensed operators struggled with a technical blunder.