Insights Archive

August 21, 2023

Doctors' Lobby Slams US Industry Funding For Sydney Gambling Clinic

Australian media and the nation’s major professional association for doctors have attacked an international deal sourced from global gambling company funds that will expand the University of Sydney’s gambling treatment and research unit.

August 21, 2023

Will North Carolina Go All-In On Gambling Expansion?

Three years after neighboring Virginia approved sports betting, iLottery and casinos in quick succession, North Carolina lawmakers are considering following suit and even upping the ante, with video lottery terminals and internet gaming also in play.

August 21, 2023

New Jersey Imposes Fines For Illegal Bet Offerings

The New Jersey Division of Gaming Enforcement has issued several enforcement orders totaling $102,000 in penalties and a forfeiture order against four licensees for accepting prohibited wagers on in-state college sporting events and allowing a self-excluded patron to gamble.

August 18, 2023

Week In Crypto: Binance Accuses SEC Of ‘Fishing Expedition’

Binance US files motion to protect itself from discovery requests, PayPal puts crypto on hold in the UK, a New York couple plead guilty to laundering billions of dollars of stolen bitcoin, and Bankman-Fried back in jail.

August 18, 2023

US Regulator Mulls Stricter Rules For Data Aggregators

The US Consumer Financial Protection Bureau is working on a proposal that would bring data aggregators under existing consumer reporting law.

August 18, 2023

Daily Dash: Irish Finance Minister Intervenes After Outage

Ireland’s finance minister has ordered the central bank to investigate Bank of Ireland’s outage, while Adyen shares dive after a poor H1 performance.

August 18, 2023

Louisiana Law Requires Casinos To Train Employees For Human Trafficking Prevention

If it is not already, Louisiana is on its way to becoming the nation’s leader in the fight against human trafficking in casinos after passing a law requiring employees to be trained to detect and prevent trafficking in their facilities.

August 18, 2023

Shuttered Philippine Junket Denies Owner Arrested In Singapore

A junket network that announced the sudden closure of its Philippine casino VIP rooms on Tuesday has denied “rumours” that its owner was arrested in a major Singapore police operation on the same day.

August 18, 2023

BetMGM Launches In UK Using LeoVegas

MGM Resorts International has launched BetMGM in the UK via its subsidiary LeoVegas, but not with Entain, which is joint owner of the same sports-betting and online casino brand in North America.

August 18, 2023

Texas Lottery Takes No Action On Legislative Order To Ban Lottery Couriers

Texas Lottery officials elected to take no action on a legislative direction to prohibit lottery couriers that the state’s governor called unconstitutional.

August 18, 2023

News In Brief: August 14-August 18, 2023

Brazil's match-fixing investigation is extended, signalling another potential delay to sports-betting regulation, while Kentucky announces a timeline for the opening of its sports-betting market.

August 17, 2023

Splitit Proposes Voluntary Delisting And Relocation To Cayman Islands

A troubled buy now, pay later (BNPL) firm has proposed to shareholders that it delists from the Australian Stock Exchange (ASX) and relocates to the Cayman Islands under private ownership, in a bid to secure much-needed capital.

August 17, 2023

UK Reform on AML/CTF Supervision and the Risk-Based Approach

On June 30, 2023, HM Treasury launched a consultation on reform of the anti-money laundering and counter-terrorism financing (AML/CTF) supervisory system in the country. This regulatory analysis will focus on the current AML/CTF supervision framework, proposed alternatives presented in the consultation and some of the potential implications, focusing in particular on the risk-based approach.

August 17, 2023

Early Mover: Singapore Finalises Regulatory Framework For Stablecoins

Singapore is moving towards becoming one of the first jurisdictions to regulate stablecoins, after the central bank finalised a regulatory framework that could soon become law.

August 17, 2023

UK Regulator Consults On APP Fraud Reimbursement Rules

The Payment Systems Regulator (PSR) has launched two consultations on its new authorised push payment (APP) fraud reimbursement requirements as an industry insider tells VIXIO it "misses the point entirely".

August 17, 2023

FIFA World Cup Spurred Increased Gambling Participation In UK

Gambling participation in the UK slightly increased following the conclusion of the men's 2022 FIFA World Cup in Qatar, according to a survey commissioned by the Gambling Commission.

August 17, 2023

Wynn Resorts Expects UAE License, MGM Cautious About Gambling Legalization

Two U.S. gaming giants continue to move forward with major investments in resort projects within the United Arab Emirates (UAE), albeit one will include a casino while the other will be non-gaming unless authorities in Dubai or on the federal level approve gambling in the future.

August 17, 2023

Fanatics Sportsbook Ends Testing, Launches In Four U.S. States

Fanatics Betting and Gaming has lifted the curtain on its sports-betting platform, officially launching the product in four states.

August 17, 2023

Kindred Challenges Norway Award Of Racing Bet Contract

Kindred Group, which has challenged Norway’s gambling monopoly, has also been challenging the award of a race betting monopoly to government-owned Norsk Rikstoto.

August 17, 2023

Parimatch's Underground India Business Relied On Crypto: Report

A probe by Indian tax officials into Ukrainian operator Parimatch and other online gambling companies has confirmed the underground industry’s reliance on cryptocurrency to remit illegal earnings overseas.

August 16, 2023

Discover CEO Roger Hochschild Quits As Compliance Issues Linger

Roger Hochschild will step down as CEO and president of Discover, effective immediately, one month after the company conducted an internal review of compliance and corporate governance.