Insights Archive

September 15, 2023

Caesars Confirms Cyberattack, Says Operations Were Unaffected

Caesars Entertainment confirmed Thursday that hackers had gained access to its computer systems through an outsourced vendor, stealing a large amount of customer data in a cyberattack.

September 15, 2023

Definition Of Online Casino Games Adds To Confusion Over Brazil's Betting Bill

After online gaming was added to a sports-betting bill hours before it was approved by Brazil's Chamber of Deputies, confusion remains around which types of online casino games will be allowed.

September 15, 2023

Finns Fear Delays As Reform Debates Evolve

Industry officials have used a landmark online gambling conference in Finland to urge the government to get on with its plan to dissolve the country’s monopoly, as its aim of opening the market at the start of 2026 hangs in the balance.

September 15, 2023

Mexican Operators Raise Alarm Over Draft Gaming Decree

Draft gambling reforms to prohibit “drawings of numbers or symbols through machines” threaten to reduce industry revenue by up to 90 percent and wipe out thousands of jobs, according to two Mexican trade associations.

September 15, 2023

Has The Metaverse Run Out Of Gas? Not For Banks And Payment Firms, Sources Say

Despite media reports that interest in the metaverse is waning, banks and payments firms are still engaged as the nascent sector moves on from its "hype phase".

September 15, 2023

Week In Crypto: Binance US CEO Quits Amid SEC Discovery Battle

Binance US loses another CEO and more than 100 employees, a crypto co-founder is sentenced to 20 years in prison, and the UK’s new crypto promotion rules may have claimed their first victim.

September 15, 2023

Bank Of America Settles ACH Payments Fee Class Action

The US big bank has agreed to pay $8m and stop charging fees for sending Automated Clearing House (ACH) payments in order to settle class action claims.

September 15, 2023

Daily Dash: Debit Cards Now Make Up 50 Percent Of UK Payments

A new report from UK Finance has revealed that debit cards now make up half of overall UK transitions, while US financial regulators have come down hard in a second non-fungible token (NFT) case.

September 15, 2023

News In Brief: September 11-September 15, 2023

The UK Gambling Commission to set up an industry forum and Sweden's regulator will get more money to combat match-fixing and illegal operators.

September 15, 2023

PAGCOR Online Rate Cuts Please Operators, Fuel Casino Growth

Local-facing online gambling interests in the Philippines are more bullish about the future, amid falling taxes and regulator sympathy over encroachment on the sector by illegal operators.

September 15, 2023

Kindred, Betsson Withdrawing From Norway, Regulator Says

The Norwegian Gambling Authority has said that companies it has claimed were operating illegally in Norway, including Betsson and Kindred, have begun to withdraw.

September 14, 2023

Chicago Becomes Largest City In North America To Open Casino

They started lining up at 6:30am for the 8am opening on September 9 of Bally’s Corporation’s temporary casino at the Medinah Temple in Chicago and gamblers will continue to patronize the historic building with Moorish Revival architecture for the next three years.

September 14, 2023

Missouri Sports Teams Ready To Pitch Legal Betting Directly To Voters

Missouri's professional sports teams are prepared to bypass the legislature in favor of a ballot referendum to legalize sports betting, amid a lack of optimism that a legislative logjam can be broken in 2024.

September 14, 2023

Brazil Takes Critical Step Toward Full Online Gambling Regulation

Brazil’s Chamber of Deputies has passed a bill to regulate sports betting and online casino games, but only after amending the legislation to limit the duration of licences costing more than $6m to a term of just three years.

September 14, 2023

Chilean Court Orders ISP Blocking For Online Operators

The Supreme Court of Chile has ordered a leading internet service provider (ISP) to block a total of 23 online betting platforms that judges agreed were offering illegal activity in the country.

September 14, 2023

Financial Board Questions Curaçao Estimate Of €20.7m In Gambling Revenue

Curaçao expects the equivalent of €20.7m from gambling licensing fees from 2024, but a financial board asked for advice and questioned the estimates due to delays in passing enabling legislation.

September 14, 2023

Kenyan Legal Battle Against Excise Duty Continues

The Kenyan Revenue Authority and the Attorney General are in a legal battle against a local lawyer over the right to deduct a 12.5 percent excise duty on wagers.

September 14, 2023

EU Consumer Credit Directive Crosses Finish Line

Buy now, pay later and credit card agreements are set for tighter EU regulation, after members of the European Parliament held their final vote on the legislation.

September 14, 2023

PAGCOR Lowering Local Online Fees, Will Publish Licensee URLs

Philippine gambling regulator PAGCOR is lowering franchise fees for domestic online gambling and is set to publish gambling website addresses of its licensees amid ramping promises of internal reform, greater transparency and market growth.

September 14, 2023

News In Brief: September 11-September 15, 2023

Five sports-betting operators submit Vermont bids, ransomware group takes credit for MGM "cyberattack" and Dutch regulator hands two licensees mandatory instructions.

September 14, 2023

Daily Dash: Hong Kong And Israel Sign Off On CBDC Project

The central banks of Hong Kong and Israel have completed a CBDC study focused on non-bank intermediaries and cybersecurity, while the Biden administration has succeeded in persuading more firms to sign up to its AI principles.