Related Story: Online gambling industry targets suburban sports Related Story: How a university professor lost $230,000 on the pokies I’m a gambling addict. Three years ago, I was convicted of white collar fraud, after I stole over $130,000 from my employer to fuel an insatiable addiction. My poison of…
DetailsMiddle-aged mothers are being plunged into insolvency in record numbers, researchers say. According to a study, women between 35 and 54 are suffering most from the economic crisis. Bankruptcy and other types of insolvencies are said to be rising faster in this age group than any other, as women struggle to balance family life with…
DetailsThere’s a worrying trend for private health fund HBF right now, but the brand isnt taking the industry challenges lying down. The growing dissatisfaction with private health care services has led to more Australians foregoing their private health insurance. A report from The Australian Prudential Regulation Authority found the proportion of Australians with private health…
DetailsQueensland-based Soma Information Technology, which traded as Soma IT, has entered liquidation owing over $1 million to creditors. The company was registered with the Australian Securities and Investments Commission (ASIC) in May 2014, and offered IT business support. In July, a resolution to wind up the company was passed followed by the appointment of David…
DetailsOne of Vanuatu’s most prominent resorts has been declared insolvent by the Supreme Court. Port Vila, Vanuatu. Photo: RNZI The court has ordered that Iririki Island Holdings be put into liquidation after Justice Geoghegan said he was confident the company was unable to pay its debts. The case was brought by the construction company Mocha…
DetailsValentine Low A review of the maximum stake on fixed-odds betting terminals was delayed because of fears tax revenues would fallPeter Nicholls/Times Newspapers Ltd The government may be preparing to crack down on addictive gambling machines despite claims earlier this year that the Treasury had killed off an attempt to impose tighter regulation. Campaigners have…
DetailsFixed-odds betting terminals have long caused concerns among campaigners They can be highly addictive and players can gamble away £18,000 in an hour Treasury fears losing tax takings from bookmakers’ profits if they’re scrapped Mr Hammond now appears to have backed down over a review of the machines By Claire Ellicott Political Correspondent For The…
DetailsA MAN stripped his wife of all her money and left her suicidal as he tried to meet his gambling debts, York Crown Court heard. Mustafa Yildrims wife lent him her bank card to buy food when she was confined to bed with a chest infection. But he continued to use her bank account after…
DetailsThe US Treasury secretary called on Congress to lift the ceiling on Americas public debt at the same time as it passes an aid package for the victims of tropical storm Harvey, warning that a failure to act would hold up funding for the relief effort. Steven Mnuchin said a move on the debt ceiling…
DetailsNow we have Theresa Mays vision on how to stamp out irresponsible behaviour in big business and force bosses to think harder about their workers. Last week the government put out its policy paper on promoting the voice of employees in the boardroom and improving the governance of British companies, including private ones. Would-be tycoons…
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