Insights Archive

September 15, 2023

PAGCOR Online Rate Cuts Please Operators, Fuel Casino Growth

Local-facing online gambling interests in the Philippines are more bullish about the future, amid falling taxes and regulator sympathy over encroachment on the sector by illegal operators.

September 15, 2023

Kindred, Betsson Withdrawing From Norway, Regulator Says

The Norwegian Gambling Authority has said that companies it has claimed were operating illegally in Norway, including Betsson and Kindred, have begun to withdraw.

September 14, 2023

Chicago Becomes Largest City In North America To Open Casino

They started lining up at 6:30am for the 8am opening on September 9 of Bally’s Corporation’s temporary casino at the Medinah Temple in Chicago and gamblers will continue to patronize the historic building with Moorish Revival architecture for the next three years.

September 14, 2023

Missouri Sports Teams Ready To Pitch Legal Betting Directly To Voters

Missouri's professional sports teams are prepared to bypass the legislature in favor of a ballot referendum to legalize sports betting, amid a lack of optimism that a legislative logjam can be broken in 2024.

September 14, 2023

Brazil Takes Critical Step Toward Full Online Gambling Regulation

Brazil’s Chamber of Deputies has passed a bill to regulate sports betting and online casino games, but only after amending the legislation to limit the duration of licences costing more than $6m to a term of just three years.

September 14, 2023

Chilean Court Orders ISP Blocking For Online Operators

The Supreme Court of Chile has ordered a leading internet service provider (ISP) to block a total of 23 online betting platforms that judges agreed were offering illegal activity in the country.

September 14, 2023

Financial Board Questions Curaçao Estimate Of €20.7m In Gambling Revenue

Curaçao expects the equivalent of €20.7m from gambling licensing fees from 2024, but a financial board asked for advice and questioned the estimates due to delays in passing enabling legislation.

September 14, 2023

Kenyan Legal Battle Against Excise Duty Continues

The Kenyan Revenue Authority and the Attorney General are in a legal battle against a local lawyer over the right to deduct a 12.5 percent excise duty on wagers.

September 14, 2023

EU Consumer Credit Directive Crosses Finish Line

Buy now, pay later and credit card agreements are set for tighter EU regulation, after members of the European Parliament held their final vote on the legislation.

September 14, 2023

PAGCOR Lowering Local Online Fees, Will Publish Licensee URLs

Philippine gambling regulator PAGCOR is lowering franchise fees for domestic online gambling and is set to publish gambling website addresses of its licensees amid ramping promises of internal reform, greater transparency and market growth.

September 14, 2023

News In Brief: September 11-September 15, 2023

Five sports-betting operators submit Vermont bids, ransomware group takes credit for MGM "cyberattack" and Dutch regulator hands two licensees mandatory instructions.

September 14, 2023

Daily Dash: Hong Kong And Israel Sign Off On CBDC Project

The central banks of Hong Kong and Israel have completed a CBDC study focused on non-bank intermediaries and cybersecurity, while the Biden administration has succeeded in persuading more firms to sign up to its AI principles.

September 13, 2023

MGM Resorts Struck By Massive Cyberattack

Officials at MGM Resorts International continue to make progress in recovering from a cyberattack that affected credit card transactions, gaming operations and other computerized systems throughout its resorts.

September 13, 2023

Dutch Regulator Finds Shortcomings In Duty Of Care

The Netherlands Gambling Authority said it has found shortcomings in gambling licensees’ duty of care responsibility to prevent gambling addiction, so it will tighten its own codes, and recommends clarifying changes to legislation and Ministry of Justice regulations.

September 13, 2023

FIFA Bans Three Brazilian Players For Life In Match-Fixing Case

Three Brazilian footballers have been banned for life from the "beautiful game" by FIFA, as punishment for their complicity in match-fixing.

September 13, 2023

Brazil Set To Place Big Bet On Online Casino

The lower house of Brazil’s Congress is poised to vote Wednesday on a heavily amended sports-betting bill that would also now authorise online casino games while maintaining high taxes and fees that have been sharply criticised by operators.

September 13, 2023

Too Much Too Soon? UK Crypto Firms Overwhelmed By New FCA Rules

UK crypto firms are struggling to meet new compliance demands set out by the Financial Conduct Authority (FCA), following its decision to put two major deadlines in two consecutive months.

September 13, 2023

Instant Payment Battle Heats Up In The US, As RTP Surpasses 1m Daily Transactions

The Clearing House’s (TCH) real-time payment network (RTP) has hit a major daily transactions milestone, as TCH seeks to highlight the success of its own infrastructure following the launch of FedNow.

September 13, 2023

Criminals Having Field Day Using BNPL, AI For Fraud, Warns Europol

European criminals are increasingly using buy now, payer later (BNPL), artificial intelligence (AI) and virtual IBANS (vIBANS) to steal and launder funds, a new report has claimed.

September 12, 2023

Petitions To Allow Voters To Decide Fate Of Missouri Sports-Betting Filed

After legislators failed once again to pass a sports-betting bill in Missouri last session, an attorney representing supporters of legalizing retail and mobile wagering have filed petitions to let voters decide on the issue.

September 12, 2023

Parimatch Subsidiary Files Lawsuit To Scrap Zelensky's Decree

Weplay Media Holding Limited, an offshoot of Ukrainian bookmaker Parimatch, has filed a lawsuit against President Volodymyr Zelenskyy in an attempt to win back its gambling licence in the country.