Insights Archive

November 9, 2022

Top Former Macau Official Blasts Government 'Incompetence'

The legal mastermind of Macau’s modern-day gambling industry has excoriated the Macau government for “an inconceivable level of incompetence” for holding a casino concession tender during multiple crises.

November 9, 2022

California Sports-Betting Ballot Measures Facing Heavy Defeats

After the most expensive ballot campaign in U.S. history, two competing initiatives to regulate sports betting in California were both set to be decisively rejected by voters on Tuesday.

November 9, 2022

Nevada Sees Esports Betting Revenue Opportunity Once Regulations Approved

Industry experts and executives are confident that esports will gradually become a bigger part of Nevada's sports-betting market after a pending regulatory change to facilitate esports wagering was approved by gaming officials.

November 9, 2022

São Paulo Calls For International Lottery Bids

After a previous bidding process was annulled in July, the Brazilian state of São Paulo has published another international tender for an exclusive concession to operate a state lottery.

November 9, 2022

French Stakeholders Agree To Limit Advertising

A range of gambling industry stakeholders in France have agreed to rein in advertising and sign-up offers as the FIFA World Cup quickly approaches.

November 8, 2022

FCA Takes Aim At Dodgy Financial Ads And Promotions

The UK Financial Conduct Authority (FCA) over recent months has requested that numerous buy now, pay later lenders and e-money firms amend marketing materials as part of its job to protect against misleading promotions. The regulator has also warned consumers against unregulated firms and scammers.

November 8, 2022

European Commission To Introduce Access To Cash Legislation

Brussels officials have confirmed that legislation to enhance access to cash for EU citizens is on the way, as the European Commission’s leadership uses the digital euro conference to endorse and protect paper money.

November 8, 2022

Singapore Wants To Axe Corporate Cheques By 2025

The Monetary Authority of Singapore is consulting on a proposal to eliminate corporate cheques by 2025 as processing costs soar, with the aim of also migrating remaining consumer users to alternative payment methods.

November 8, 2022

World Record Powerball Lottery Drawing Delayed

Viewers tuned in across the United States at 11pm Eastern time on Monday to see if they had the winning ticket that would guarantee them the largest lottery jackpot in world history. There was just one problem.

November 8, 2022

Puerto Rico Issues More Sports-Betting Licences

The Puerto Rico Gaming Commission has authorised seven new companies to operate or support sports betting on the island, according to the agency's interim executive director.

November 8, 2022

Election Day Means End Of The Beginning For California Sports Betting

It appears to be only a matter of how big the loss will be for two California sports-betting measures on Tuesday, but the debate is not going away and the question is when, not if, a rematch will occur.

November 8, 2022

UK Education Department Scolded Over Child Data Used By Gambling Firms

The UK’s data watchdog wants to hand the Department for Education a £10m fine for allowing the personal information of up to 28m children and young people from the age of 14 to be used to benefit gambling companies.

November 8, 2022

U.S. Sports-Betting Execs Cheer More Rational Marketing Environment

As investors appear more focused than ever on sports-betting operations becoming profitable, executives say companies' promotional expenditures have clearly declined compared with past years.

November 7, 2022

Fintech Association Documents Mounting Problems With APIs

The European Third Party Providers Association has published a new EU-wide registry of obstacles compiled by third-party providers, which highlights the many problems experienced with application programming interfaces (APIs).

November 7, 2022

ECB Keeps Up Market Rapport In Digital Euro Work

The European Central Bank (ECB) is inviting experts from the payments industry to take part in technical talks to explore options for the provision of programmable payment services as part of the digital euro.

November 7, 2022

Gambling Spared As Colombian Tax Plan Passes

Colombian President Gustavo Petro’s tax reform plan has passed the Senate and the House of Representatives, implementing only minor changes to the occasional gains tax that applies to gambling winnings.

November 7, 2022

Crown Resorts Savaged Anew With A$120m In Fines, Warnings

The Victoria state casino regulator has punished Crown Resorts anew with fines totalling A$120m ($77m) for serious and illegal misconduct, but growing regulator anger over current management’s “recidivism” may bode much worse for Crown’s survival.

November 7, 2022

European Trade Group Bosses Share Political Woes

Last week’s Scandinavian Gaming Show gave a group of European trade association chiefs a chance to gather on stage together, lamenting shared woes on unhelpful politicians who select only the best ideas for crackdowns from their neighbours.

November 7, 2022

Arbitrator Gives Fox Option To Buy FanDuel Stake At $20bn Valuation

An arbitrator has ruled that Fox Corporation can buy more than 18 percent of FanDuel in an option that values the U.S. sports betting and fantasy sports brand at more than $20bn.

November 4, 2022

’The Right Thing To Do’: New Zealand BNPL Reg Plans Take Shape

New Zealand becomes the latest jurisdiction to be set on regulating the alternative payments product after its increase in use during the pandemic and pressures arising from the cost of living crisis.

November 4, 2022

Singapore Beefs Up CBDC Cross-Border Settlement Project Ubin

The Monetary Authority of Singapore's work with international partners on a wholesale central bank digital currency (CBDC) project has been expanded to become Ubin+.