Insights Archive

October 26, 2021

Labor Shortage Is Lingering, Atlantic City Casino Executive Says

One of the many harmful impacts of COVID-19 on casinos has been the difficulty of retaining and hiring enough workers, and the gaming industry is still struggling to find a solution, an Atlantic City casino executive has said.

October 26, 2021

DraftKings Will Not Bid Again For Entain

DraftKings has said it will not be making a new offer for Entain, ending for now the billion-dollar battle with MGM to acquire the UK-headquartered gambling giant.

October 26, 2021

Social Media Ads Appeal To Kids More Than Adults, Researchers Find

Gambling advertising on social media is significantly more appealing to children and young people than to adults, research suggests.

October 26, 2021

Ireland Has Gambling Advertising In Its Crosshairs

An Irish cross-party parliamentary committee wants to immediately suspend any legal standing for gambling adverts that can be seen by children online.

October 26, 2021

Turf War Between Online Casino And Online Lottery Persists In Pennsylvania

The relationship between online casino and online lottery remains incongruous as the two genres are forced to co-exist in several major U.S. markets, particularly in Pennsylvania.

October 25, 2021

UK Government Payments Plan Draws Mixed Response

The UK government’s priorities following the Payments Landscape Review are welcome, but they cannot pin hopes on authorities such as Pay.UK being able to deliver them, payments insiders have cautioned.

October 25, 2021

CFPB Picks Up Slack With New Bigtech Inquiry

Living up to his reputation, Rohit Chopra is giving the teeth back to the Consumer Financial Protection Bureau (CFPB) as he launches an inquiry into bigtech payment platforms.

October 25, 2021

Confirmation Of Payee Readies For Phase Two, But It Is No Silver Bullet

Phase one of the Confirmation of Payee (CoP) implementation has had a positive impact, the UK's Payment Systems Regulator said, which is now considering the extension of the service to more payment service providers. However, CoP alone will not be enough to prevent fraud.

October 25, 2021

ESAs Score National Authorities Well, But Hint At New Convergence Requirements

The European Banking Authority and the other supervisory authorities outline improvements needed for national competent authorities.

October 25, 2021

California Crafts Policy To Report Non-Prosecuted Cardroom Financial Crimes

Policymakers in California are considering creating a new reporting system to make it more difficult for cardroom employees who were fired or quit their jobs for financial crimes to continue working in the gaming industry.

October 25, 2021

New Italian Gambling Chief Vows Action

Italy’s new gambling minister has promised action on tender extensions and said that the country’s gambling laws are not fit for a “civilised” society.

October 25, 2021

Top Macau Lawyer Warns Judiciary In 'Subservient' Decline

The long-time head of Macau’s lawyers association has publicly attacked creeping politicisation of the casino hub’s judiciary, warning of damage from magistrates who “tout” patriotism.

October 22, 2021

UK Treasury Opens BNPL Consultation

The buy now, pay later (BNPL) phenomenon comes to loggerheads with regulators as HM Treasury opens a consultation on how it should be overseen.

October 22, 2021

Swedish Banking Watchdog Sets Danske Bank AML Deadline

Danske Bank must rectify its anti-money laundering (AML) and counter-terrorist financing deficiencies by June 30, 2022, the Finansinspektionen has warned.

October 22, 2021

Week In Brief - October 22, 2021

A short roundup of some of the week's payments news you may have missed.

October 22, 2021

FCA To Fill Gaps After Identifying Payments Firms Outside Its Reach

As innovation is changing the traditional payments landscape, the UK Financial Conduct Authority (FCA) has identified areas where new market players can escape its regulatory reach. In its new Perimeter Review, the FCA advises the government on how to fill these gaps.

October 22, 2021

U.S. Supreme Court To Hear Texas Tribal Gaming Case

For years, gaming tribes viewed the U.S. Supreme Court as a hostile forum but the court’s decision this week to hear arguments in a Texas Indian gaming case shows the tide may be shifting and commercial casinos could benefit.

October 22, 2021

Ireland Publishes Plan For Gambling Regulation

Ireland has finally published its long-awaited General Scheme of Gambling Regulation Bill, after it was approved by the government earlier this week.

October 22, 2021

German Court Says Sports-Betting Tax Is Not Unconstitutional

Germany’s Federal Fiscal Court has ruled that the country’s hefty online sports-betting tax rate is not “suffocating” and does not violate German or European law.

October 22, 2021

News In Brief: October 18-October 22, 2021

The UK regulator is moving forward with a project to overhaul its prevalence surveys, uncertainty in California and more Maryland casinos get sports betting go ahead.

October 21, 2021

EBA Suggests Re-Authentication Overhaul In Latest API Feedback

The European Banking Authority (EBA) has conceded that the 90-day account renewal rule has hindered customer retention for account information service providers and has announced that it will be making an amendment.