Insights Archive

April 27, 2023

Bet365 Operators Fined €7m In Sweden Over Duty Of Care

Bet365’s Hillside gaming and sports-betting units have been assessed a total of 79m Swedish krona (€6.95m) by the Swedish Gambling Authority for failures in duty of care for players, with violations including not responding quickly enough to problematic gambling.

April 27, 2023

UK White Paper Sets Restrictions But Lacks Detail

The new UK white paper gambling reform document sets out restrictive proposals, but leaves details on key issues such as stakes limits and a mandatory levy out for consultations.

April 27, 2023

U.S. Sports-Betting Operators Saved $170m In Taxes On Promotional Play in 2022

Key states that permit deductions of bonuses and promotions from taxable sports wagering revenue missed out on more than $170m in tax revenue in 2022, as different markets continue to take varied approaches to tax deductions.

April 27, 2023

Crown Fined Another $20m Over Cheque Abuses

The Victoria state regulator has slapped a new fine of A$30m ($20m) on casino operator Crown Resorts over customer cheque practices and has ordered another internal probe, extending Crown's nightmare run of punishments for compliance failures.

April 27, 2023

UK Needs Strategy To Tackle Gambling-Related Crime, Says Report

UK charity, the Howard League for Penal Reform, has called for the creation of a national board to address crime linked to gambling, following the completion of its over three-year-long inquiry.

April 27, 2023

Rio de Janeiro State To License Online Sports-Betting Operators

The Brazilian state of Rio de Janeiro has published a formal notice setting out a licensing and accreditation process for retail and online sports-betting operations, with lower taxes and fees set to apply at state level than would apply under a forthcoming federal framework.

April 27, 2023

Trouble In Heaven For Marriage Between Leagues And Sportsbooks

All marriages have their ups and downs, but the unlikely partnership between the sports-betting industry and the National Football League seems to be especially turbulent.

April 27, 2023

Kindred Reports Mixed Picture As It Considers Sale

Kindred’s announcement that it will undergo a strategic review leaves it with an encouraging performance in the Netherlands, a troublesome one in Norway, and a performance that one commentator called “hardly stellar” in the growth market of the USA.

April 27, 2023

Chile's Sports Advertising Ban Bill Passes To The Senate

Chile’s bill to ban online betting operators from partnering with sports teams has passed the Chamber of Deputies, and now awaits its fate in the Senate.

April 26, 2023

UK’s FCA Wants To Restrict Cash Deposits At Post Office Branches

The Financial Conduct Authority (FCA) has announced a new series of measures that are designed to reduce the risk of money laundering through Post Office banking services.

April 26, 2023

Merchants Could Be Forced To Accept Digital Euro, ECB Says

The European Central Bank’s (ECB) latest digital euro work suggests that merchants should be obliged to accept the payment method, as the end of the investigation phase gets closer.

April 26, 2023

EPI Grabs iDEAL Solution With New Acquisitions

The European Payments Initiative (EPI), a project to build a pan-European rival to Visa and Mastercard, rises from the ashes with two big announcements: the acquisitions of Dutch payments champion iDEAL and a new pilot by year end.

April 26, 2023

German Slots Tax Receipts Slide

German online slots tax receipts dropped about 43 percent in the first quarter of this year, suggesting that German gamblers might be moving to unlicensed operators.

April 26, 2023

Illegal Market Remains A Concern As U.S. Sports Betting Turns Five

The U.S. Supreme Court’s decision almost five years ago to overturn the federal ban on sports betting created a booming market that today faces challenges that include a need for fresh innovation and enduring offshore competition.

April 26, 2023

Kindred Launches Review That Could Include Sale

Kindred Group said its board has started a review of strategic alternatives that could include a merger or sale of the company, in whole or in part.

April 26, 2023

Australia's NSW Government In Talks Over Mandatory Cashless Gaming

Crossbenchers holding the balance of power in the New South Wales (NSW) state legislature have begun talks with the newly-elected Labor government to introduce mandatory cashless gaming for its $8bn slot machine sector.

April 26, 2023

Finnish Ministries Clash Over Ending Monopoly

The Finnish Ministry of Social Affairs and Health has said the preliminary report on the exclusive rights system contains two “fundamental problems”, as it throws its weight behind preserving the country’s gambling monopoly.

April 25, 2023

Australia Seeks To Expand AML/CTF Framework In New Consultation

A new consultation is seeking comment on plans to bring previously unregulated sectors into Australia's anti-money laundering/counter-terrorism financing (AML/CTF) framework, as lawmakers voice concerns that the country could be heading for the FATF greylist.

April 25, 2023

US Non-Cash Payment Boom Records Fed’s Triennial Payments Study

The US Federal Reserve has published its triennial payments study which found that non-cash payments have grown at the highest ever recorded rate.

April 25, 2023

European Parliament Issues Controversial Digital Euro Report

The “game changer” central bank digital currency could be used to distance the banking sector from payments, a new report from the European Parliament has said.

April 25, 2023

Spain Reveals 20 Sanctions Issued In H2

Spain’s biannual list of gambling operator sanctions includes several penalties for Flutter-owned companies, but the big money fines focus on a group of Curaçao-based operators.