Insights Archive

July 17, 2023

Victoria Imposes Tough Restrictions On Slot Machines

Australia’s second most populous state will introduce tough new restrictions on electronic gaming machines in clubs and pubs, including cutting the load-up maximum by 90 percent and mandating loss limits and cashless play.

July 17, 2023

U.S. Lawmakers Approve Resolution On Problem Gambling Standards

A committee of state lawmakers unanimously approved a resolution on responsible gaming and problem gambling on Friday, in an effort to bring more attention to both subjects as legislators consider developing more robust standards.

July 17, 2023

Maryland Senator Confident Lawmakers Will Pass iGaming In 2024

Describing online casino as the missing leg of the gaming stool in Maryland, Democratic state Senator Ron Watson believes he and his colleagues will be able to get a bill through the legislature when they return to Annapolis in January.

July 17, 2023

UK Data Law Does Not Prevent Customer Data Sharing, Says ICO

The UK Gambling Commission has been given the green light by the Information Commissioner’s Office (ICO) to progress its single customer view and financial risk assessment projects.

July 14, 2023

Week In Crypto: Former Celsius CEO Arrested Following $4.7bn Settlement

Former Celsius CEO Alex Mashinsky is arrested in New York, Celsius’ new management agrees to one of the largest FTC settlements ever, and Binance faces an executive exodus.

July 14, 2023

Central Banks See Value In Having Both CBDC And Fast Payment System, BIS Says

Most central banks see potential value in having both a retail central bank digital currency (CBDC) and a fast payment system, a new paper by the Bank for International Settlements (BIS) finds.

July 14, 2023

Daily Dash: Merrill Lynch Fined $12m Over SARs Failures

Merrill Lynch has been fined $12m for AML compliance failures, and Cambodia’s central bank has signed a QR code agreement with UnionPay and has also launched a financial transparency partnership with Singapore.

July 14, 2023

888 Faces Licence Review As It Rejects Bid To Appoint Ex-GVC Boss

888 has rejected a proposal to appoint ex-GVC chief Kenny Alexander and other executives to key leadership roles and now faces the possible loss of its UK licence stemming from the criminal investigation into GVC’s former dealings in Turkey.

July 14, 2023

Star Sports Fined Six-Figures Over UK Policy Problems

Racing-focused bookmaker Star Sports has been penalised more than half a million pounds by the UK Gambling Commission over social responsibility and anti-money laundering failings.

July 14, 2023

State Government Dissenters Attack India Tax On Online Volume

Cracks are quickly emerging in what India’s finance minister had called unanimous support for a goods and service tax (GST) on gaming volume, hinting at a regional push for the GST Council to review its decision that has rocked the industry.

July 14, 2023

U.S. Legislators Stumble With iGaming As Legalization Efforts Continue

As lawmakers in Indiana struggle to pass an internet gaming bill, a key Republican legislator acknowledges that several challenges still need to be overcome to get a bill through the General Assembly next year.

July 14, 2023

News In Brief: July 10-July 14, 2023

Colombia's gambling regulator has selected a new leader, its fourth such appointment in the past seven months.

July 13, 2023

Progress Made On AML/CTF Supervision Of Banks, Says New EBA Report

The European Banking Authority (EBA) has published its third report on regulatory supervision of anti-money laundering/counter-terrorism financing (AML/CTF) risks among banks, finding much progress but still room for improvement.

July 13, 2023

Victory For Barclays In UK Supreme Court APP Fraud Case

Barclays Bank will not be liable for a £700,000 authorised push payment (APP) scam against one of its customers following a victory in the UK’s highest court.

July 13, 2023

Bank Of America To Pay $250m For Double-Dipping, Opening Fake Accounts

US regulators have issued a $150m fine to Bank of America for charging junk fees, withholding credit card rewards and opening fake accounts. The bank has also put aside $100m to redress customers.

July 13, 2023

No Rapid Enforcement For 'Difficult Parts' Of Ad Law, Says Dutch Regulator

The Dutch gambling regulator does not think there will be a “very direct and swift enforcement” of the “difficult” parts of the new advertising rules that came into effect on July 1.

July 13, 2023

Ohio Increase Shows U.S. Sports-Betting Tax Rates Not Set In Stone

Ohio’s abrupt move to double its tax rate underscores a trend toward higher taxes on U.S. sports betting as some states re-evaluate their regimes, according to industry analysts.

July 13, 2023

India Says Killer Tax On Online Volume 'Always' In Force

India’s bombshell decision to impose a steep goods and services tax (GST) on online gambling volume and not gross revenue was merely a “clarification” and the tax will apply to existing assessments, the revenue secretary said, likely compounding heavy damage to the industry.

July 13, 2023

Seminole Ruling Ushers In Digital Era For Tribal Gaming

A 3-0 decision by a federal appeals court on June 30 is a milestone which is likely to secure the future of Indian gaming by enabling tribes to compete in the online betting market, a prominent tribal gaming attorney said Wednesday.

July 13, 2023

Curaçao To Allow One More Year Of Master Licences

All Curaçao master licensees will get a one-year extension upon passage of planned gambling reform legislation, according to an official from the island nation.

July 12, 2023

Industry Groans As UK Treasury Announces ’Future Of Payments Review’

As the UK Treasury launches a new review of retail payments, some are questioning the need for another government "fishing expedition" on the sector’s future.