The Gambling Health Alliance (GHA) from the United Kingdom is warning parents about a startling new statistic: over 1 in 10 young gamers are in debt because they spend too much on loot boxes. Indeed, almost one in six young gamers (15%) have taken money from their parents (without their permission, mind you) to buy…
Wednesday, December 23, 2020 For many, 2020 has been the year to forget. The Coronavirus pandemic (COVID-19) has halted global economies and initiated recessions across continents and countries, including Australia. In an attempt to alleviate the financial impact of COVID-19, the Australian Government has implemented various reforms (both temporary and permanent) designed to provide relief…
Sydney businessman Abdul Helou claimed to be on the cusp of buying the Mariners. Credit:LinkedIN Sources close to the situation indicate that while Helou has claimed to have paid the Mariners a deposit, the money was not received by the club, , an allegation denied by Helou. The Mariners have since ordered Helou to stop…
The former director of a major building firm which collapsed with debts of about $31 million has avoided bankruptcy with creditors to receive between 0.4 and seven cents in the dollar. Former RGD Group Pty Ltd and RGD Constructions Pty Ltd director Ron Grabbe entered into a Personal Insolvency Agreement with creditors of his estate…
SsangYong will continue to trade as usual, despite declaring bankruptcy in its home country of Korea. The struggling carmaker, currently on the sales block after Indian owner Mahindras failure to turn the company around after a decade, has entered what the company is calling a private rehabilitation program that resembles an American Chapter 11 bankruptcy.…
Law360, London (December 22, 2020, 2:12 PM GMT) — The Pensions Regulator said workplace savings plans for failed high street giant Arcadia Group will soon be assessed by theU.K.’s lifeboat schemeto determine if they need support. The watchdog said Monday the Pension Protection Fund would begin the assessment as soon as it had carried out…
Wednesday, 23 December 2020 Blokker, before the lights went out. Donald Trung/Wikimedia Mega World, the company that took over 123 Blokker stores in Belgium in February, has been declared bankrupt, with the jobs of all 650 employees now at risk. Blokker sells mainly household goods, from kitchen equipment to soft furnishing and decoration. In the…
Former rugby league Test star Elijah Taylor was reportedly scammed out of hundreds of thousands of dollars by his former agent, and may not see a cent in return despite winning a legal case against it. Wide World of Sports reports Taylors former manager Ian Miles scammed more than $350,000 from the New Zealand international.…
The former director of a major building firm which collapsed with debts of about $31 million has avoided bankruptcy with creditors to receive between 0.4 and seven cents in the dollar. Former RGD Group Pty Ltd and RGD Constructions Pty Ltd director Ron Grabbe entered into a Personal Insolvency Agreement with creditors of his estate…