Insights Archive

December 12, 2022

Greek Regulator To Court Suppliers

The head of the Greek gambling regulator wants to tempt suppliers to relocate from Malta and Gibraltar, and has said that he expects to collect €1bn in gambling taxes for the state budget in 2022.

December 12, 2022

U.S. Land-Based Casinos Need To Adjust To Growth Of Online Gaming

A senior executive with Boyd Gaming believes internet gaming is the key to the future of the casino industry and disagreed with arguments that offering online or mobile slot machines and table games will hurt brick-and-mortar business.

December 12, 2022

U.S. Gaming, Lottery Industries Under Threat From Unregulated Gambling

Illegal gambling in the United States has expanded to the point where unregulated slot machines and offshore sports betting and casino websites are a direct threat to the legal gaming and lottery markets, according to leading industry officials.

December 9, 2022

BNPL, Crypto Come Under Fire In UK Financial Services And Markets Bill Debate

Both buy now, pay later (BNPL) and crypto firms came under heavy criticism in the latest debate on the Financial Services and Markets Bill, following the introduction of new amendments to the proposed legislation.

December 9, 2022

Week In Crypto: Ex-FTX CEO Hires Ghislaine Maxwell Lawyer, Kim Kardashian Escapes Promo Penalty

FTX’s disgraced former CEO taps Ghislaine Maxwell’s trial lawyer, Kim Kardashian breathes a sigh of relief and Celsius is ordered to return $44m worth of crypto to customers.

December 9, 2022

US Bill Seeks To Close Bank Licensing Loophole Before Bigtech Takes Advantage

A new US bill, introduced by a top Democratic senator, would close a legal loophole that allows companies to operate banks without proper oversight, addressing fears that bigtechs may exploit it to expand their financial services.

December 9, 2022

Daily Dash: Dutch Prosecutors Probe Rabobank

Prosecutors in the Netherlands are investigating Rabobank over money laundering, the US House has elected its new banking chair and Nigeria is limiting ATM withdrawals in a bid to encourage digital payments.

December 9, 2022

Onus On Government, Not Casinos, To Make Sure New Jersey Gaming Works

State and local governments in New Jersey, not Atlantic City casinos, are responsible for making the gaming industry deliver on its promises, according to the author of the New Jersey Casino Control Act.

December 9, 2022

FBI, AGA Stress Cooperation In Tackling Illegal Gambling

A representative of the American Gaming Association reassured a group of U.S. gaming regulators on Thursday that the FBI and other federal and state law enforcement agencies are cooperating with the industry in their efforts to eliminate and prosecute illegal gambling operators.

December 9, 2022

Chile's Lower House Approves Sports Sponsorship Ban

Legislative chess continues for online gambling operators active in Chile, in the wake of the Chamber of Deputies passage of a bill that would ban them from any kind of sports sponsorship.

December 9, 2022

News In Brief: December 5-December 9, 2022

Star Entertainment has been fined A$100m in Queensland and faces a temporary licence suspension over compliance breaches.

December 8, 2022

EBA Issues New De-Risking Guidelines, But Payments Firms Not In Scope

The European Banking Authority (EBA) has launched a public consultation on new guidelines for de-risking to help improve access to finance for vulnerable customers.

December 8, 2022

EU Member States Agree Position On AML Rulebook

The European Council has agreed its position on the new single rulebook for anti-money laundering as Brussels reels from the transparency register court ruling.

December 8, 2022

Colombia Builds New Instant Payment System

Colombia is building a new instant payment system with a particular focus on user experience and full interoperability with other payment networks.

December 8, 2022

UPDATE: Trade Associations Express Cautious Optimism About New EU Consumer Credit Agreement

Following the EU’s negotiations on new consumer credit rules, key Brussels lobbyists have welcomed the news but urge caution.

December 8, 2022

UK Gambling Minister Discusses Delayed Review

The UK minister in charge of gambling policy has said he is keen to publish the long-awaited Gambling Act review white paper “in the coming weeks”, but failed to provide any clear timeline for its release.

December 8, 2022

Lawmakers Set To Send Sports-Betting Report To Vermont Legislature

A Vermont study committee is set to recommend the legalization of sports betting in a report expected to be approved next week.

December 8, 2022

Big Brother Hovers Over Casinos With Facial Recognition Technology

Matching a face from a digital image with another face in a database is becoming more common in casinos, raising questions about whether regulations should be enforced to protect the privacy rights of gamblers.

December 8, 2022

Poland's Leading Bookmaker STS Battles Kindred In Court

Poland’s leading bookmaker STS Group says it has made progress in a lawsuit against Kindred Group and its bookmaking brand Unibet, accusing it of what the company describes as a continuous violation of the country’s gambling law.

December 7, 2022

FCA Proposes Stronger Rules For Financial Ads To Tackle Rogue Promotions

In its latest proposal on advertising standards, the UK Financial Conduct Authority (FCA) calls for new checks and balances on the gatekeeper firms that approve financial ads for other companies.

December 7, 2022

UPDATE: Italian Central Bank Voices Concern About Cash Plans

Plans championed by Italy's new government to promote cash use over digital payment methods have drawn concern from the Banca d’Italia, which warns of illicit finance risks.