Insights Archive

June 16, 2023

UK Gambling Commission Says White Paper Changes Will Take 'Years'

The UK Gambling Commission is encouraging as many stakeholders as possible to contribute to its first round of white paper consultations in the coming weeks, as it repeated that it will approach them with “less haste and more speed” and said implementation will take "years" to avoid unintended consequences.

June 16, 2023

Gibraltar Says It Is Ready To Get Off FATF Greylist

Gibraltar’s exit from the Financial Action Task Force (FATF) greylist is a matter of “when, not if”, according to the minister in charge of gambling issues, as the British Overseas Territory tackles a trio of vital issues over the coming months.

June 16, 2023

Rhode Island Legislature Approves Online Casino Bill

Rhode Island is on the verge of being the first, and potentially only, U.S. state to legalize online casino gaming this year following successful votes in both chambers of the legislature Thursday.

June 16, 2023

News In Brief: June 12-June 16, 2023

Betsson is to buy its way into Belgium amid a partnership with Casino Partouche, Illinois has given the go-ahead for a temporary Bally's casino and Crown is fined in Australia yet again.

June 15, 2023

Diebold Nixdorf’s $2.7bn Restructuring Points To Trouble In Cash Land

Businesses that provide access to cash are struggling to compete amid digital disruption and higher interest rates, as evidenced by the decline and potential fall of the world’s largest ATM maker.

June 15, 2023

Meta Fraud Frustrations Grow With Latest Bank Intervention

TSB has become the second bank in a month to criticise Meta over fraud, calling on the Facebook and Instagram owner to implement better procedures to prevent scams on its platforms.

June 15, 2023

Brazil Unveils Key Pix Updates, Including International And Recurring Payments

The Brazilian official responsible for the creation and operation of Pix has announced three major updates to the country’s popular instant payment system.

June 15, 2023

Sports-Betting Bills Signed In North Carolina, Vermont With Wagering Launching In 2024

North Carolina and Vermont have become the latest states to legalize mobile sports betting.

June 15, 2023

Videoslots £2m UK Regulatory Settlement For AML, Social Responsibility Failures

Videoslots will pay a £2m regulatory settlement over social responsibility and anti-money laundering failures in the UK that included allowing a customer to deposit and lose all of their savings and estimated earnings in just six months.

June 15, 2023

Ontario Regulator Contacting International Counterparts About Unregistered Operators

Ontario’s gaming regulator has begun contacting counterparts from international jurisdictions to help stamp out remaining unregulated operators doing business in the province.

June 15, 2023

UK Political Pressure Group Launches White Paper Inquiry

An influential group of Westminster politicians say they will hold the UK government to account and ensure promised reforms are implemented “as quickly as possible”.

June 15, 2023

Chile's President Proposes Amendments To Online Gambling Bill

Chile President Gabriel Boric and his minister of finance have proposed a series of amendments to an online gambling bill advancing through the Chilean Congress, a sign that the President will not present an obstacle to legislation that was presented before he took office.

June 14, 2023

Crypto Winter Wanes But U.S. Casinos Still Leery Of Alternative Currency

After a disastrous decline in 2022, the cryptocurrency market is rebounding this year, but U.S. casinos and gaming operators remain hesitant to embrace crypto and other alternative payments until federal regulations are adopted.

June 14, 2023

Australia Looks To Protect Shrinking Cash Sector Through New Merger

The Australian Competition and Consumer Commission has granted authorisation for the proposed merger of Armaguard and Prosegur, the country’s two largest cash-in-transit providers.

June 14, 2023

US Must Not ’Micromanage’ Open Banking, CFPB Chief Says

As the US is heading towards creating an open banking framework, regulators have no intention of "micromanaging" open banking, Rohit Chopra wrote ahead of an expected heated congressional hearing.

June 14, 2023

VIXIO Chats Latest Data Standard With PCI SSC

VIXIO has spoken with the Payment Card Industry Security Standards Council (PCI SSC) about the key features of the fourth iteration of its data standard, which comes into effect next year.

June 14, 2023

Rhode Island Poised To Legalize iGaming

The Rhode Island House Finance Committee approved, without debate, an amended bill on Tuesday to legalize internet gaming, sending it to the House floor for a potential final vote.

June 14, 2023

Crypto Winter Wanes But U.S. Casinos Still Leery Of Alternative Currency

June 14, 2023

Kenya Gambling Tax Collection Up 30 Percent

The Kenya Revenue Authority said it has collected a total of KSH8.7bn (€57.68m) from gambling firms over the past six months, a 30 percent increase over the same period last year.

June 14, 2023

ASA Gives Green Light To Bet365 Tweet Featuring Boxer

The UK Advertising Standards Authority (ASA) has determined that a promoted tweet for bet365, which contained an image of boxer Chris Eubank Jr, did not have particular appeal to children.

June 13, 2023

Tough But Necessary? UK Crypto Firms Brace For New Promotion Rules

The UK’s Financial Conduct Authority has said that its new financial promotion rules for crypto-assets will give people the time and appropriate risk warnings to make an informed choice, while the crypto industry is worried about new barriers.