Insights Archive

May 4, 2023

PSR Cuts Fees For Small Firms As Card Giants Escape ’Special’ Fee, For Now

Smaller firms will no longer be required to pay regulatory fees under £100 as part of the UK Payment Systems Regulator’s (PSR) new fee structure, while Visa and Mastercard escape a broad "special fee" for regulatory reviews targeted at them.

May 3, 2023

U.S. Casino Operators Want A Bite Of The Big Apple

The competition between major U.S. gaming companies for the three downstate casino licenses in New York is set to be intense, as several operators unveil their plans for integrated resorts in a city whose residents may be focused more on high-end amenities than slot machines or table games.

May 3, 2023

UK White Paper Wants To Force Operators To Seek Consent For Cross-Selling

The newly-released UK gambling white paper recommends forcing operators to obtain consent to cross-sell players from sports betting to the profit centre of online casino.

May 3, 2023

India Asks Local Governments To Eliminate Offshore Gambling Ads

India’s government has requested that all state and union territory governments crack down on advertising for illegal online gambling products, in the latest iteration of its attempt to centralise regulatory influence.

May 3, 2023

Fed Takes Share Of Blame For SVB Collapse In Closely Watched Review

Described as a test of the Dodd-Frank Act, the US Federal Reserve’s independent review of the collapse of Silicon Valley Bank (SVB) has found both managerial and supervisory failures were responsible.

May 3, 2023

Bahrain Moves Towards General Agreement On Gulf Payments Linkage

Bahrain’s Shura Council, the upper house of the National Assembly, has voted unanimously to ratify a new agreement on cross-border payments and settlements within the Gulf Cooperation Council.

May 3, 2023

US And Singapore Conduct Joint Cyber Incident Response Drill

The US Treasury has announced the completion of a three-day cyber incident response exercise in partnership with the Monetary Authority of Singapore.

May 2, 2023

Personnel Moves – May 2023

Flutter appoints an ex-cereal boss to run its board, Light & Wonder appoints a new Americas chief and Wynn chooses who will run its upcoming resort in the United Arab Emirates.

May 2, 2023

Estonia To Hike Gambling Taxes

Estonia’s Ministry of Finance has submitted a draft law that would increase online gambling, table game and lottery tax rates.

May 2, 2023

PointsBet Confirms Advanced Negotiations To Sell U.S. Business

PointsBet CEO Sam Swanell has acknowledged reports of a potential sale of the company’s U.S. business, saying that some negotiations are at an advanced stage.

May 2, 2023

UK Campaigner Visits U.S. To Decry Responsible Gambling As A Ruse

In the wake of the UK’s gambling reform white paper, the chairman of Clean Up Gambling came to the United States over the weekend not to praise industry efforts on responsible gambling, but to bury them.

May 2, 2023

Indian Gaming Mogul, Banker, Politician Detained In Thailand

Thai police have arrested 93 suspects after raiding a temporary hotel casino for tourists organised by a gambling industry influencer from India, with detainees including a bank executive and a leader of an Indian political party.

May 1, 2023

Pennsylvania Lawmakers, Gaming Industry At Odds Over Grey-Market Machines

Despite strong opposition from the gaming industry, two Pennsylvania legislators are seeking to implement one-time licensing fees, taxes and yearly operating fees as part of a plan to legalize and regulate thousands of grey-market machines, also known as skill-based games.

May 1, 2023

California Tribes, Cardrooms Support Expansion Moratorium Compromise

A bill to reinstate a moratorium on cardroom expansion in California has been amended to regain the support of the Sycuan Band of the Kumeyaay Nation, which operates one of the largest casinos near San Diego.

April 28, 2023

News In Brief: April 24-April 28, 2023

An Illinois bill requiring responsible gambling pop-ups continues its smooth progress and Brazil's proposed baseline sports-betting tax rate has increased.

April 28, 2023

Government White Paper 'Next Steps' To Define UK Gambling

The UK is set to face a raft of consultations over the next 12 months as the government enacts the proposed changes in its gambling white paper, as all sides prepare for new waves of lobbying.

April 28, 2023

New Hampshire Online Casino Bill Dies, As Rhode Island Effort Begins

Online casino legislation in one New England state died this week, while a neighbor launched its own efforts to legalize internet gaming.

April 28, 2023

UK Report Would Cost Online Gambling, Boost Casinos, Bingo Halls

The UK government estimates that online gambling will lose revenue based on key recommendations in its white paper, but the land-based industry should make gains.

April 28, 2023

Churchill Downs Confirms FanDuel Online Sports-Betting Deal In Kentucky

Churchill Downs Inc. expects its racetracks and historic horseracing locations in Kentucky to benefit from the legalization of sports betting, with the CEO planning to introduce kiosks at tracks and HHR facilities, as well as the ability to offer online wagering through a deal with FanDuel, later in the year.

April 28, 2023

Australia To Impose Ban On Credit Cards For Online Gambling

The Australian government has announced it will ban the use of credit cards for almost all online gambling activity.

April 28, 2023

Daily Dash: Well, I’ll Be Scammed!

New research has revealed that over half of consumers blame themselves for instant payment scams, while the Swiss have agreed to launch a public-private partnership to tackle anti-money laundering.