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Category Archives: Gambling

How Auckland warehouseman paid off more than $50000 of debt – Stuff.co.nz

GamblingBy Insolvency Advisory AccountantsMay 22, 2021

JASON DORDAY/Stuff Adam Grace from Mngere, Auckland, managed to work his way out of debt. For Aucklander Adam Grace, being thousands and thousands of dollars of debt was a symptom of much deeper hurts in his past. Raised in poverty, Grace was a gambler, a drinker, and an angry man. I didnt have great role…

Banks should be forced to ‘share data on problem gamblers’ to stop spiral of debt – Telegraph.co.uk

GamblingBy Insolvency Advisory AccountantsMay 17, 2021

Banks should be placed under a legal duty of care to help stop problem gamblers spending money they cannot afford, says a think tank led by former Tory leader Iain Duncan Smith. The study by the Centre for Social Justice Justice (CSJ) proposes a new ombudsman with powers to order the betting firms to slow…

Dozens of gambling addiction submissions pour into Victorian Crown Casino inquiry – ABC News

GamblingBy Insolvency Advisory AccountantsMay 16, 2021

The royal commission into Melbourne’s Crown Casino is about to begin its first week of public hearings, but has already begun to share harrowing tales of lives ruined by gambling addiction on the casino floor. Key points: Several submissions raised concerns the self-banning program at Crown was not working well A gambling counsellor said loan…

Credit Card Gambling Is Again up for Debate in Australia – GamblingNews.com

GamblingBy Insolvency Advisory AccountantsMay 12, 2021

Credit cards are once again an incendiary topic for sports gambling bodies in Australia, lawmakers and anti-gambling bodies. Credit Cards Once in the Crosshairs of Lawmakers A bill sponsored by Senator Stirling Griff in Australia is facing pushback from the gambling industry as the legislation seeks to minimize the use of credit cards for the…

Gambling industry opposes a law that stops people going into debt online. – Crikey

GamblingBy Insolvency Advisory AccountantsMay 10, 2021

A proposed ban on gamblers using credit cards for online betting has been opposed by you guessed it companies profiting from gamblers going into debt. Senator Stirling Griff (Image: AAP/Lukas Coch) Australias gambling peak body is standing alone in opposition to a proposed law that would stop Australian betting companies from accepting credit cards for…

Man lost £20,000 in one night after becoming addicted to online gambling in lockdown – Mirror Online

GamblingBy Insolvency Advisory AccountantsMay 8, 2021

A sports fan who lost 40,000 in a month – including 20,000 in just one night – has spoken about his online gambling addiction which left him heavily in debt. Craig Walding said before the Covid pandemic he saw nothing wrong with placing an occasional bet when watching the football at the weekend. But just…

ACTCOSS supports ban on credit card gambling payments – Mirage News

GamblingBy Insolvency Advisory AccountantsMay 6, 2021

The ACT Council of Social Service (ACTCOSS) has made a submission to the Australian Federal Parliament calling on all parties to act to protect Australians from gambling harm by restricting the use of credit cards for online gambling. ACTCOSS and the Canberra Gambling Reform Alliance (CGRA) made this plea through their submissions to the Senate…

Problem gamblers seek help in large numbers after COVID-19 lockdowns – ABC News

GamblingBy Insolvency Advisory AccountantsMay 1, 2021

A lucky dip at a school fair seems like a bit of harmless fun, but for David, it was the start of decades of addiction and shame. Gambling woes: Australia has the highest per capita gambling spend of any country It’s estimated $24 billion is spent on gambling here each year Gambling Help says 1…

Meadows Casino seeks $69000 gambling debt from jailed Greensburg doctor – TribLIVE

GamblingBy Insolvency Advisory AccountantsMay 1, 2021

The Meadows Casino and Racetrack wants a former Greensburg doctor to repay more than $69,000 a gambling debt that grew from a $48,000 line of credit seven years ago. The problem for the North Strabane casino, which filed for a $69,344 judgment in Westmoreland County court on Wednesday, is that Dr. Nabil Jabbour, 70, of…

Star High-roller with $43m Debt Ordered to Front Aussie Court – Casino Aus

GamblingBy Insolvency Advisory AccountantsApril 30, 2021

A VIP casino patron who is accused of racking up a $43 million baccarat debt will be forced to appear in an Australian court. Casino Guardian reports that a Brisbane judge has overruled the bid of Dr. Wong Yew Choy to set aside the legal action started by Star Entertainment Group against him. The Brisbane…

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