Insights Archive

October 19, 2021

Bet-At-Home To Withdraw From Austria Over Player Lawsuits

Frankfurt-listed Bet-at-Home.com has said it is temporarily withdrawing its online casino operations in Austria, due to legal claims for reimbursement of player losses.

October 19, 2021

New Jersey Sports Betting Cracks $1bn Handle Barrier

The beginning of the 2021 National Football League (NFL) season and the marketing blitz that accompanied it boosted New Jersey sports-betting handle to a U.S. record $1.01bn in September, according to figures released on Monday.

October 18, 2021

UK Regulator Warns Of Work From Home Risks

COVID-19 may have seen working from home policies and flexible working revolutionised, but the UK’s financial watchdog has warned supervised firms to ensure compliance lapses do not creep in, should they choose to continue with a hybrid approach.

October 18, 2021

Give Us A Crypto Regulator, Coinbase Asks

Laws drafted in the 1930s to facilitate effective oversight of our financial markets could not contemplate this technological revolution, Coinbase has highlighted in a new discussion paper calling for the U.S. to create a new crypto regulator.

October 18, 2021

News In Brief - October 18, 2021

The EU’s banking watchdog has repealed its internet security guidelines for payments, while three technology firms in Singapore have launched a new platform to support environmentally friendly financial services.

October 18, 2021

The Brazilian Bitcoin Gaffe - Why Bitcoin Is Not Going To Be Legal Tender In Brazil Any Time Soon

It has been widely reported that Brazil was following El Salvador by making Bitcoin a legal tender. However, VIXIO sources say this is far from the truth.

October 18, 2021

Lithuania Approves Online Licence, Tax Changes

Lithuania’s parliament has adopted amendments to the gambling law that allow for a new type of online gambling licence from July 2022.

October 18, 2021

Washington Tribes Critical Of State Sports-Betting Rules

As more tribal casinos in Washington state begin to accept wagers on games, behind the scenes, regulators are inching closer to approving another set of rules to be added to state gambling regulations by the end of the year.

October 18, 2021

Palacegate Casino Seeks Buyer As Tourists Shun London

Liquidators Grant Thornton have taken control of one of London's most famous casinos after the COVID-19 pandemic and a tourist drought left the Palacegate struggling to pay its staff.

October 18, 2021

Aristocrat Offers £2.1bn To Buy Playtech

In a dramatic move for the global online gaming space, Australian gaming machine giant Aristocrat Leisure has made a takeover offer of more than £2.1bn ($2.9bn) for UK gaming software and platform developer Playtech, whose board fully backs the deal.

October 15, 2021

G7 Outlines CBDC Principles

The G7, including countries such as the United States, United Kingdom and Germany, has published Public Policy Principles for Retail Central Bank Digital Currencies (CBDC), with issues such as financial stability and cybersecurity taking centre stage.

October 15, 2021

FSB Updates Cross-Border Targets, As Sibos Talks Up Prospects

Most of 2021’s targets have been met, but the success of the Financial Stability Board’s (FSB) roadmap for cross-border payments will depend heavily on the commitment of public authorities and the private sector working together, the standard-setting body has cautioned in its latest progress report.

October 15, 2021

Week In Brief - October 15, 2021

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

October 15, 2021

Pandora Papers Reveal Further Gaps In U.S. AML Rules

Just one year after the massive suspicious activity reports leak that became known as the FinCEN Files, the U.S. is shaken again by the disclosure of millions of confidential files that sheds light on further deficiencies in the U.S. AML framework.

October 15, 2021

Only Two Governors To Be Elected In 2021, Both In Gaming States

Two states — one where gaming is just getting started and another almost synonymous with brick-and-mortar and online casinos — will elect governors on November 2.

October 15, 2021

U.S. Executives Say Leagues, Media Lead Sports-Betting Boom

Two top gaming executives have said professional sports leagues and media companies are among the biggest winners after more than three years of the U.S. sports-betting boom.

October 15, 2021

London's Aspinalls Denies Culture Of Racism As Croupier Sues

Lawyers for exclusive Mayfair casino Aspinalls have denied the company has an “institutional culture of racism or sexism" after being sued by a black croupier who says she was subjected to "violating" racism and sexism.

October 15, 2021

BGC Replaces 'When The Fun Stops, Stop' Campaign

The Betting and Gaming Council (BGC) has announced the long-awaited replacement of the "When the fun stops, stop" safer gambling campaign in the UK.

October 15, 2021

Finland Police Fine Eurosport €800,000 Over Gambling Ads

Finland's National Police Board has fined television network Eurosport €800,000 ($929,000) over gambling advertisements in violation of rules protecting gambling monopoly Veikkaus, even though the broadcasts originated from outside Finland.

October 15, 2021

News In Brief: October 11-October 15, 2021

Michigan reports record monthly gross revenue for online gambling, abolition of Lithuania's flat tax for lotteries and gambling looms larger, and the European Lotteries boss weighs in on the EU's Digital Services Act.

October 14, 2021

Banks Find Agile Tools To Fight Agile Fraudsters During Pandemic - Sibos

As financial crime has skyrocketed during the pandemic, financial institutions have had to change the way they chase fraudsters. While machine learning can increase their agility in fraud detection, there is more to do in terms of cooperation, panelists at a Sibos session said.