Insights Archive

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.

February 22, 2024

Gambling Industry Welcomes Finnish Licensing, Dreads 'Dutch-Style' Cooling Off

The European gambling industry applauds Finnish monopoly Veikkaus’ support for an open licensing system to combat the black market but fears its support for a cooling-off period like the one that rocked would-be entrants to the Dutch market.

February 22, 2024

EPC Opens Verification Of Payee Consultation

The European Payments Council (EPC) has launched a public consultation on the Verification of Payee Scheme Rulebook.

February 22, 2024

ANZ To Acquire Suncorp Bank Following U-Turn By Australian Regulator

Australia’s ANZ has secured regulatory approval for a proposed acquisition of Suncorp Bank, following a six-month legal battle with the country’s competition watchdog.

February 22, 2024

Daily Dash: Money Laundering Bank Taken Down In Pan-European Investigation

A multi-agency, cross-border investigation in Europe has taken down a suspected money laundering network, and Qatar has confirmed that it will launch a new instant payments system next month.

February 22, 2024

Netherlands Tackling Illegal Adverts On Affiliate Websites

The Netherlands Gambling Authority (KSA) has said that tackling illegal gambling operators is a “high priority” in 2024 having recently conducted two investigations into advertising for illegal operators on affiliate and online newspaper websites.

February 22, 2024

Illinois Governor Seeks Stinging Sports-Betting Tax Hike

As New York continues to fill its coffers with tax revenue from mobile sports betting, the governor of the United States' second-largest market is now proposing to more than double Illinois’ tax rate to help balance the state budget.

February 21, 2024

Amid Record U.S. Gaming Revenues, AGA Remains Focused On Unregulated Competition

The American Gaming Association reported commercial casino revenues topping $66m in 2023, a record amount for the third straight year, while policy priorities for this year are to lead on responsible gambling and to fight illegal gaming.