Insights Archive

February 7, 2022

Insane' New York Market Shatters Records In First Month Of Mobile Betting

Despite mobile sportsbooks only being in operation for a portion of the month, New York broke U.S. records for monthly sports-betting handle and gross revenue in January.

February 7, 2022

Japan's Online Casino Boom: How Long Can It Last?

Online gambling in Japan has enjoyed some of the most dramatic growth of any gambling sector anywhere in the world, but its era of operating in shadows with affiliate assistance and amid tenuous law enforcement may be nearing a turning point.

February 7, 2022

Flutter Confirms Desire To Run UK National Lottery

The UK's biggest bookmaker has said it wants the National Lottery back under the control of a domestic operator in a late bid to win the licence.

February 4, 2022

MPs Pile On Pressure For Government To Act On Fraud

A group of UK parliamentarians have called on the government to extend the powers of the Payment Systems Regulator and act faster on fraudsters and scammers.

February 4, 2022

Nexi Goes Global! European Payments Firm In Line To Develop UAE Instant Payments

SIA, part of Nexi Group, G42 and Accenture have been selected by the Central Bank of the United Arab Emirates to build and operate their instant payments platform over the next five years.

February 4, 2022

HMRC DeFi Manual Contradicts Government Approach To Crypto, Trade Body Says

The UK's HM Revenue & Customs has updated its manual regarding the tax treatment of crypto-assets as used for lending and staking with decentralised finance (DeFi) platforms, in a move that some argue goes contrary to the existing government approach.

February 4, 2022

Week In Brief - February 4, 2022

A short roundup of some of the week's payments news you may have missed. This week we look at falling share prices at PayPal, new AML reports in Poland and Croatia, proposals to level up Thailand's financial sector, and China's three-year crackdown on money laundering.

February 4, 2022

UK Researchers Pledge To Uncover Gambling Harm Impact

Britain's oldest independent economic research institute is undertaking a project to measure the costs of gambling harm ahead of the government’s Gambling Act Review white paper.

February 4, 2022

Western Australia Probe Findings Could Imperil Ex-Crown Boss

A barrister representing former top Crown Resorts executive Barry Felstead has objected to provisional findings of Western Australia state’s probe into Crown Perth that could see him prosecuted and even jailed.

February 4, 2022

Belgium Set For Slots Crackdown But No Cut Yet In Age Restrictions

Belgian politicians are set to agree a crackdown on slot machines and the use of bonuses by operators to entice new gamblers, but wider reform of advertising rules and age limits are a long way off.

February 4, 2022

Penn Targeting Profitability, Ontario Over 'Irrational' U.S. Marketing Battle

Penn National Gaming expects to see profitability from its U.S. interactive division as early as this coming football season, CEO Jay Snowden said during a quarterly earnings call on Thursday.

February 4, 2022

News In Brief: January 31-February 4, 2022

Greece's gambling regulator has launched a whistle-blowing service to report unlicensed websites.

February 3, 2022

SCA Not Good Enough To Prevent Fraud, Portuguese Regulator Warns

Although strong customer authentication (SCA) rules are a good thing for reducing fraud, they will need to continue being looked at as criminals become more effective, a panel at the EU’s financial education conference agreed.

February 3, 2022

Indians To Pay With Digital Rupee As Early As This Year

India’s finance minister has proposed the introduction of a digital rupee alongside plans to tax cryptocurrency incomes.

February 3, 2022

U.S. Invites Participants In Digital ID Sprint

U.S. federal financial regulators have opened a registration period for participants to join their Tech Sprint aimed at increasing the efficiency and security of digital identity proofing.

February 3, 2022

EU Payment Associations Raise Alarm About PSD2/GDPR Problems

Nine payments lobby groups have sent a joint letter to the EU’s regulators expressing their concerns about the European Data Protection Board’s guidelines regarding the interplay between the General Data Protection Regulation (GDPR) and the revised Payment Services Directive (PSD2).

February 3, 2022

Germany-Wide Regulator Debuts Name, Website

The new Germany-wide gambling regulator based in Saxony-Anhalt has launched a website and unveiled its name as it prepares for a January 1, 2023 launch.

February 3, 2022

The More Things Change, The More They Stay The Same For Florida Gaming

The failure of two high-profile ballot initiatives on casinos and sports betting, plus a federal court ruling against a landmark tribal gaming compact, means it is almost as if Florida has become the gaming industry’s enigmatic Sphinx.

February 3, 2022

Nevada Gaming Board Approves Las Vegas Sands Sale Of Venetian

The Nevada Gaming Control Board on Wednesday recommended approval for Apollo Global Management’s purchase of the Venetian and its associated properties from Las Vegas Sands.

February 3, 2022

Personnel Moves - January 2022

Norsk Tipping is to get a new chief executive, changes at the top for IGT and leading Australian trade group appoints a new CEO.

February 2, 2022

Stablecoins Could Serve As Digital Safe Haven During Crypto Market Distress, U.S. Fed Says

U.S. Federal Reserve analysis suggests that stablecoins have a huge potential to grow and could serve as a digital safe haven currency during periods of crypto market distress.