Category Archives: Gambling

BCLC webinar: How financial institutions can support customers with safer gambling – Gambling Insider – In-depth Analysis for the Gaming Industry

TheBritish Columbia Lottery Corporation recently conducted the first of two virtual pre-conference sessions, namedBanking on a Different Perspective: The Financial Industrys Role in Safer Gambling.Below is an extract from the webinar sent to Gambling Insider: Financial-services firms are in a unique position to not only support the financial wellbeing of their customers but also their…

Modern-day Robin Hood inspires Georgians drowning in debt – Eurasianet

When a young man walked into a payday lender in Tbilisi and took 19 people hostage on November 20, brandishing what appeared to be a rifle and hand grenades, it looked at first glance like a simple robbery. But the would-be robber, 31-year-old carpenter Levan Zurabashvili, did not ask for money. Instead, he demanded the…

Gambling with lives – The New Indian Express

Express News Service KOCHI: Over the past few months, two persons died by suicide owing to the mounting pile of debts caused by online gambling, a dangerous addiction.Experts highlight the loopholes in the Betting and Gaming Act of 1960 and the vulnerable population that falls prey to such games 29-year-old man from Thiruvananthapuram recently took…

Gambling Related Suicides May Force Indian State Of Kerala To Ban iGaming – Legal Gambling News

iGaming operators have been keeping a close watch on the fast growing Indian online gaming market which has become bigger with every passing year. The COVID-19 lockdown worked well for Indian online gaming operators as they witnessed a significant boost in new player registrations and player traffic during the 2020 lockdown. However, the sudden increase…

Neighbours Spoilers – Shane is shot as Hendrix’s gambling problem spirals – Back to the Bay

On next weeks Neighbours in Australia, Hendrix is in serious trouble and resorts to extreme measures to protect himself. Yet his plan backfires, quite literally, as Shane ends up getting shot. These episodes air in Australia from Monday 11th January, and in the UK four weeks later from Monday 8th February. Hendrixs debt to Kane…

Gambling whale loses $1.5m – Northern Star

Two high rolling gamblers rolled the dice in a court battle over almost $3 million in loans – but only one came away the winner. On one side was Epping-based casino junket operator Xiogming Xie. His big-spending client Wenxin Chen was on the other. Both men claimed the other owed them more than $1 million…

Where to invest in gambling in 2021 – CalvinAyre.com

2020 is over. Let us never speak of it again. Technically, the new decade begins in three days with 2021. The least that can be said is that 2021 doesnt have a hard act to follow. Short of a nuclear alien invasion war, it cant be any worse than 2020. Or so we hope. Though…

Crown tightens money transfer rules as licence review looms – Sydney Morning Herald

The inquiry heard that the ANZ and Commonwealth banks had shut down some accounts after Crown patrons used them to make a string of suspicious cash transactions totalling hundreds of thousands of dollars. The accounts were held through two shell companies Crown set up called Southbank Investments and Riverbank Investments, the inquiry heard. Gamblers transfer…

Nottingham Tramlink contractor swindled almost £60k in season ticket funds to pay gambling debts – Nottinghamshire Live

A former British Army worker and external contractor for Nottingham Tramlink swindled almost 60,000 after his gambling debt “spiralled out of control”. Paul Cooksey fraudulently accessed the funds through 23 different transactions, retaining season ticket funds from private companies or individuals under Tramlink’s Tram2Work scheme. The 43-year-old was initially uncovered by the company as part…

Nottingham tram contractor from Keyworth sentenced after £50,000 fraud charges | West Bridgford Wire | West – West Bridgford Wire

An external contractor working for Nottingham Tramlink swindled nearly 60,000 to pay towards gambling losses and to pay off credit card debts that were spiralling out of control. The 43-year-old left the army, his marriage broke down, he lost his friends, had to move house and started gambling. Paul Cooksey, of Keyworth, was charged with…