Insights Archive

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.

August 31, 2022

Confusion As Ukraine Regulators Give Alleged Russian Operator Go Ahead

Ukrainian regulators appear to have given the green light to controversial operator 1xBet after saying it has no apparent links to Russia.

August 31, 2022

Brazil Begins Probe Into Sports-Betting Sponsorships

Brazil’s Ministry of Justice is seeking information from more than 50 football teams and leagues over their marketing partnerships with offshore betting companies that remain unregulated in the country.

August 31, 2022

Caesars, FanDuel, PointsBet Slapped With Sports-Betting Fines In Iowa

Iowa gaming regulators are cracking down on sports-betting operators and their technology vendors, assessing a total of $160,000 in fines against Caesars, FanDuel and PointsBet in recent weeks for not complying with state law.

August 31, 2022

Ontario Reports $162m In First Quarter Of Regulated Online Gaming

Ontario’s online gaming agency has released the first batch of market performance data since the province launched its competitive sports betting and online casino market in April.

August 30, 2022

Ontario Planning Halloween Deadline For Grey Market Transition

Ontario's gaming regulator is targeting an October 31 deadline for grey market online gaming operators to complete their transition into the regulated market.

August 30, 2022

Nevada Sets Precedent By Banning Sex Trafficker From State's Casinos

The newest name in Nevada’s notorious “Black Book” signals a shift away from organized crime figures and casino cheats that have occupied the list of excluded persons for more than six decades to include a Las Vegas man with a history of forcing women into prostitution at Las Vegas resorts.

August 30, 2022

Swedish Regulator Fines ATG For Exclusion Failure

The Swedish Gambling Authority (Spelinspektionen) has fined operator AB Trav och Galopp (ATG) after its player exclusion system failed after a system update.

August 30, 2022

Danish Tax Minister Proposing Advertising Restrictions

Denmark's government wants to ban gambling adverts from 15 minutes before until 15 minutes after sports matches on TV.

August 30, 2022

How California's Ugly Sports-Betting War Could Lead To Common Ground

It is getting nastier every day in California as gaming tribes fight to keep sports-betting interlopers off their turf, but no matter how bitter the conflict becomes, the seeds of future business relationships are being sown.

August 29, 2022

Maryland Regulator Urges Legislative Approval Of Sports-Betting Regulations

Thomas Brandt, chairman of the Sports Wagering Application Review Commission (SWARC), sent a letter Friday to a legislative review committee urging them to approve the commission’s proposed emergency regulations, allowing them to begin the application process for competitive sports-betting licenses.

August 29, 2022

Gaming Executives Argue Simpler Approaches Better For Customer Retention

As operators look to transition from massive spending on customer acquisition to retaining those customers, some industry leaders argue that simpler approaches may be better.