Insights Archive

February 27, 2024

Daily Dash: EU Council Adopts Instant Payments Regulation

Member state representatives on the Council of the European Union have adopted the Instant Payments Regulation, while the European Commission has begun consulting on delegated acts for the trading bloc’s new crypto and operational resilience laws.

February 27, 2024

Maryland Operators Concerned Over iGaming Tax Rates

A Maryland House committee held a marathon hearing Monday on a bill to legalize online gaming that saw casino executives and industry lobbyists step forward to express concerns about the measure’s high tax rates.

February 26, 2024

Majority Of Connecticut Betting Revenue Coming From Problem Gamblers, Study Finds

A new study has found that Connecticut's expanding gaming industry is reliant on a relatively small minority of gamblers, with more than 50 percent of total sports-betting revenue coming from less than 2 percent of the state's population that suffer from gambling problems.

February 26, 2024

Sweden Proposes Credit Card Gambling Ban

The Swedish Ministry of Finance has proposed a more comprehensive ban on gambling with credit, including a credit card ban, drawing criticism from the Swedish Trade Association for Online Gambling (BOS).

February 26, 2024

FATF Takes UAE Off Greylist

The United Arab Emirates (UAE) has been removed from the Financial Action Task Force’s (FATF) greylist after being added in 2022.

February 26, 2024

Daily Dash: Curtains For Google Pay

Google Pay is set to be discontinued later this year, while CAB Payments chief executive has departed following its float flop in 2023.

February 26, 2024

'Strategic' Frankfurt Good For EU's New 'Powerful' AMLA

On Thursday last week, the EU selected Frankfurt as the seat for the new Anti-Money Laundering Authority (AMLA), with all signs pointing to a powerful new regulator.

February 26, 2024

Gibraltar, UAE, Uganda, Barbados No Longer Under Increased FATF Monitoring

Gibraltar, the United Arab Emirates (UAE) and Uganda are no longer under increased monitoring after they were removed from the Financial Action Task Force’s (FATF) greylist on February 23.

February 26, 2024

Ohio Regulator Bans College Player Prop Bets

Ohio’s gaming regulator has approved a request from the National Collegiate Athletic Administration to prohibit player proposition bets on collegiate sports.

February 23, 2024

Revenue Sharing, Cardrooms Among Crucial Issues For California Tribes

James Siva, chairman of the California Nations Indian Gaming Association, has called for tribal unity as tribes deal with a range of policy issues from sports-betting legalization to the legality of cardrooms and negotiations over revenue-sharing between gaming and non-gaming tribes.

February 23, 2024

Buenos Aires Lottery Retailers Urge Reforms Amid Inflation Pressures

The price of inflation in Argentina is too steep for the gambling and lottery industry, the Buenos Aires Chamber of Official Lottery Agents said in a statement that seeks immediate policy changes to alleviate the damage.

February 23, 2024

Player Refund Supremo Predicts Total Victory

“From a legal perspective, we cannot lose”, says one of the lawyers masterminding the thousands of player claims that have blighted grey market gambling operators in Austria, despite attempts by Malta to block court judgments.

February 23, 2024

News In Brief: February 19-February 23, 2024

Poland's state-owned lottery gets a new CEO paving the way for future changes and Texas skill gaming ruling being challenged at appeal court.

February 23, 2024

South African Parliament Told Legislative Reform Required For Online Gambling

The South African National Gambling Board has told parliament there is a need to reform gambling laws, in particular around online gambling.

February 23, 2024

Frankfurt To Be Home To EU AML Watchdog

Frankfurt has been chosen by the European Parliament and Council as the seat of the Anti-Money Laundering Authority, which will serve as the EU’s new enforcer in the fight against money laundering and terrorism financing.

February 23, 2024

Week In Crypto: Circle Ditches Tron Network As US Stablecoin War Escalates

Circle cuts ties with the Tron blockchain, Coinbase meets with the UK’s new city minister, and Montenegro confirms that the man behind TerraUSD will be extradited to the US.

February 23, 2024

Daily Dash: New Zealand Regulator Urges Banks To 'Pick Up The Pace' On A2A Payments

New Zealand’s commerce commissioner has warned that regulatory powers may be used if it does not see progress on account-to-account payments. Meanwhile, Russia has shut down a high-risk payments firm on money laundering grounds.

February 23, 2024

UK Announces Incoming Online Slot Stake Limits

The Department for Digital, Culture, Media & Sport has announced that the UK will introduce a maximum £2 stake for 18 to 24 year-olds for online slot games and a £5 limit for adults aged 25 and over.

February 23, 2024

China Busts $100bn Online Gaming Syndicate, Names Philippine 'Base'

Chinese police have announced the arrest of 93 people suspected of involvement in an international online gambling ring with turnover of more than $100bn, with authorities unusually naming a Philippine resort that allegedly hosts the syndicate.

February 22, 2024

Pennsylvania Fines Penn $147,500 Over Fraudulent Accounts, Underage Gaming

Penn Entertainment will pay a significant fine after reporting hundreds of fraudulent wagering accounts were created in Pennsylvania on its former Barstool iGaming and sportsbook platforms, as well as its Hollywood Casino platform.

February 22, 2024

Las Vegas Casino Executives Praise Super Bowl, Formula 1 Impact

Despite questions regarding how hosting major events such as the Super Bowl and the inaugural Formula 1 Las Vegas Grand Prix would impact casinos, bosses of several of the Las Vegas Strip's most prominent casino-resorts insist they were thrilled with the results.