Insights Archive

July 24, 2023

Mergers & Acquisitions: The Reset Of The U.S. Gaming Industry

When the U.S. Supreme Court repealed the Professional and Amateur Sports Protection Act (PASPA) five years ago, gaming industry analysts were quick to try and estimate how the new U.S. sports-betting market was going to play out in terms of size and profitability.

July 24, 2023

Appeal Raises Questions About How Indian Law Applies To Tribal Gaming

By appealing a judge’s ruling in a California casino case, the U.S. Department of Justice is raising the question of how Indian law canons apply to tribal gaming — if at all.

July 24, 2023

India's Tax Agency Says Land-Based Casinos Owe $1.2bn

India’s goods and services tax (GST) bureaucracy is extending aggressive recovery of GST from the online gaming industry to land-based operations, with officials targeting $1.2bn in unpaid taxes from casinos in Goa and Sikkim states.

July 24, 2023

Brazil's Sports-Betting Provisional Measure Due This Week

Brazil’s sports-betting provisional measure may finally be about to see the light of day, with the latest reports out of Brasilia saying that the measure should be published today at the latest (July 24).

July 21, 2023

Week In Crypto: SEC Requests $2.5bn Budget To Fight Crypto ’Wild West’

A record-breaking budget request is filed by the SEC, a federal crypto bill is reintroduced to the US Senate, the FCA shows tough love to UK crypto firms, and Binance terminates a World Cup-winning sponsorship deal.

July 21, 2023

Daily Dash: FedNow Goes Live In The US

US’ instant payments system FedNow has launched, the UK Payment Systems Regulator has published its annual report, and Panama’s Supreme Court has struck down the country’s crypto law.

July 21, 2023

Casino, VLT Expansion On The Table In North Carolina Budget Talks

Leaders of both chambers of the state legislature have said that a second major gaming expansion could be part of a budget compromise in North Carolina this year.

July 21, 2023

New Jersey Regulators Revoke PlayUp's Ability To Take Sports Bets

The New Jersey Division of Gaming Enforcement has issued an order “revoking the transactional waivers” granted to PlayUp that allow the company to conduct sports wagering in the state.

July 21, 2023

Ireland's New Gambling Law Making 'Significant Progress'

Ireland’s Department of Justice is pleased with the “significant” progress made toward updating the country’s gambling laws, as its long-anticipated bill takes steps forward.

July 21, 2023

News In Brief: July 17-July 21, 2023

The UK government has rejected calls to treat cryptocurrency trading like gambling and control of a planned $4bn resort in Vietnam changes hands.

July 20, 2023

’Your Greatest Strength Is Your Greatest Weakness,’ FCA Warns Payments Firms

Innovation and the capability to do things differently is coming up against a struggle to get on top of compliance matters, a senior official at the UK Financial Conduct Authority (FCA) said while speaking at a webinar organised by the regulator about financial crime and payments.

July 20, 2023

UK Fintechs Push Chancellor For Cross-Border Fees Reform

Fintech firms including Wise, TrueLayer and Monzo have signed a joint letter calling on the UK government to bring an end to hidden fees in international payments.

July 20, 2023

Klarna Strengthens Debt Charity Support As Consumer Duty Approaches

Klarna has become the first buy now, pay later (BNPL) lender to partner with a new debt support network backed by the UK government, as calls grow for BNPL regulation to happen sooner rather than later.

July 20, 2023

Germany Extends Customer Onboarding Cap On N26 Over AML Concerns

Germany’s financial supervisory authority (BaFin) has extended anti-money laundering measures imposed on N26 as it keeps a close eye on the fintech sector in the wake of high-profile scandals.

July 20, 2023

Indian Gaming Revenue Sets New Record Of $40.9bn In 2022

Tribal gaming operations approached $41bn in gross gaming revenue last year, the highest in the industry’s history and another sign of a substantial rebound from the scourge of COVID-19 in 2020.

July 20, 2023

PAGCOR's Online Expansion Targets Local, Foreign Gamblers

Philippine gambling regulator PAGCOR has confirmed that the proposed online expansion of its Casino Filipino branches will target domestic and foreign markets, potentially increasing the franchise’s value ahead of any privatisation.

July 20, 2023

Ontario iGaming Totals Almost 70 Percent Of Revenue Figures

iGaming Ontario released new data on Wednesday that includes the split between online casino gaming and sports betting for the first time.

July 20, 2023

UK Gambling Firms Taking Steps To Limit Underage Ad Exposure

Advertisers and social media sites in the UK are taking “purposeful steps” to further limit children and young people’s exposure to age-restricted adverts for products such as gambling, according to the country’s advertising watchdog.

July 20, 2023

Steve Wynn To Pay $10m To Settle Complaint With Nevada Gaming Regulators

Steve Wynn has signed a settlement with the Nevada Gaming Control Board and will pay a $10m fine that will bring to an end a sexual harassment complaint the control board had filed against him almost four years ago.

July 19, 2023

’Please Don’t Let This Be True’: Backlash As UK Treasury Mulls Scrapping BNPL Plans

The UK Treasury is reportedly considering shelving its buy now, pay later (BNPL) plans due to fears that firms could exit the country over the new rules.

July 19, 2023

Washington And Brussels To Talk Digital Payments

The European Commission and the US Consumer Financial Protection Bureau have established an "informal dialogue" on issues related to consumer protection and financial services.