Insights Archive

September 5, 2022

Okada Foes Retake Manila Casino With Regulator Support

Philippine gambling regulator PAGCOR has presided over a second forcible takeover of resort casino Okada Manila, this time expelling managers loyal to mogul Kazuo Okada, in a reversal of its stance on the drawn-out ownership battle.

September 2, 2022

Card Networks Pressed To Track US Gun Purchases

Mastercard and American Express have been pushed by lawmakers in their home state to mark gun purchases with a dedicated merchant tag as the number of mass shootings is growing across the country.

September 2, 2022

Week In Crypto: Leaks, Fake Trading Volume And Celebs Put On Notice For ’Shilling’ NFTs

The Wikileaks of crypto drops its biggest case yet, Tether’s reserves come under scrutiny, a major study finds most bitcoin trades are fake and celebrities face the rap for "shilling" NFTs.

September 2, 2022

BaFin Takes Action Against Another Fintech

Following its restrictions on N26 last year, payment gateway Unzer has been prevented from onboarding new clients by Germany’s financial watchdog.

September 2, 2022

Daily Dash: New eID Network On Horizon For Finland

Finland’s Ministry of Finance has issued a grant to a consortium of banks, technology companies and government services to develop a digital identity network, while NatWest admonished for breaching banking rules.

September 2, 2022

Court Orders Madhya Pradesh To Submit Online Gaming Policy

The High Court for India’s fifth most populous state has ordered the state government to take legislative or regulatory action on online gaming by November 30.

September 2, 2022

Massachusetts Sports-Betting Licenses In High Demand

With up to 15 slots available for mobile betting licenses in Massachusetts, 42 companies have submitted notice that they intend to pursue licensure in the commonwealth.

September 2, 2022

Brazil Approves New Lotteries For Health And Tourism Ministries

Brazil’s Congress has approved a bill which authorises the creation of two new national lotteries to benefit health and tourism, with the government seeking private operators to run the draws.

September 2, 2022

The Forecast In Uruguay: In Conversation With Luis Gama

Uruguay’s former chief gambling regulator has warned of “serious mistakes” in the country’s advancing online gambling bill, in conversation with VIXIO.

September 2, 2022

News In Brief: August 29-September 2, 2022

The head of the Betting and Gaming Council has called for a restrained and measured delivery of the UK government's long-awaited gambling reforms by the country's new leader.

September 1, 2022

UAE Regulator Fines Wise For AML Failings

The United Arab Emirates (UAE) has continued with its tough approach to money laundering compliance, taking action against the cross-border payments fintech.

September 1, 2022

UK MPs Want De-Regulation To Empower Challenger Banks

A cross-party group of parliamentarians has called on the UK government to cut regulatory requirements for so-called challenger banks in a report on levelling up.

September 1, 2022

Zodia Markets On Becoming UK’s First Bank-Owned, FCA-Registered Crypto Exchange/Brokerage

An institutional digital asset exchange and brokerage has become the first platform of its kind to enter the Financial Services Register at the UK's Financial Conduct Authority (FCA).

September 1, 2022

Victoria Launches Illegal Credit Probe Into Crown Melbourne

Victoria state’s gambling regulator has announced another probe into Crown Resorts’ Melbourne casino, warning of a fine of up to A$100m ($68m) and licence restrictions over illegal use of bank and blank cheques.

September 1, 2022

Will Nigerian States Give Up Their Regulatory Rights?

The Nigerian High Court has ruled in favour of the country's federal regulator in a long-standing dispute with states over who regulates the market, but doubts remain that local governments will let go of the licensing systems from which they collect taxes.

September 1, 2022

Brazil Betting Probe Prompts Questions Over Government Motives

The day after Brazil’s Ministry of Justice announced an investigation into betting partnerships struck by 54 football teams and championships, and the Rede Globo media network, an industry expert speculates as to why the sudden interest in a crackdown.

September 1, 2022

U.S. Mobile Sports Bettors Have High Incomes, Trouble Paying Bills, Survey Says

Despite inflation negatively affecting U.S. personal spending, many in the gaming industry remain bullish and continue to expect record revenues for 2022, but new research has found that once inflation hits 6 percent there will be a decline in gaming revenue and consumer liquidity.

September 1, 2022

Personnel Moves - August 2022

Cyprus announces its new head casino regulator, Light & Wonder appoints an interim CEO, Genting Singapore appoints a former LVS executive and the Chilean casino association has a new boss.

August 31, 2022

Block Sued After Ex-Staff Stole Customer Data

US fintech giant is facing a class action lawsuit after a former employee of the firm siphoned off data about millions of customers.

August 31, 2022

Singapore And Indonesia Pursue Payments Linkage

Cross-border payments remain a priority in South-East Asia, as the two states agree on yet another QR code linkage.

August 31, 2022

FedNow To Launch In Less Than A Year

The US Federal Reserve is narrowing the timing of the launch of FedNow and says it will roll out the new instant payment platform at some point between May and July next year.