Australia’s gambling losses have surged from $25.6bn annually pre-Covid to $32bn in 2022-23, according to new data from the Queensland government. The data, released on Tuesday, revealed Australians are now losing $1,555 per capita, up from $1,395 in 2021-22. The Alliance for Gambling Reform has seized on the worsening losses to call for full implementation…
(Bloomberg) — A key bondholder group of Country Garden Holdings Co., one of China’s most closely watched developers ensnared in the broader property crisis, isn’t on board with restructuring terms unveiled Thursday, people familiar with the matter said. Most Read from Bloomberg The new proposals by Country Garden aren’t supported by the so-called ad hoc…
Australians face rising credit card debt after festive overspending; experts suggest debt consolidation loans to regain financial control. Thousands of Australians who had planned to cut back on their spending over the summer due to the ongoing cost-of-living crisis have found themselves overspending during the festive season, leaving their finances in disarray. According to brokerage…
Lower credit scores, increased bankruptcies, more debt sent to collections, and more incidents of domestic violence tied to local team losses. That’s what Minnesotans would be inviting if the Legislature legalizes sports betting, according to authors of recent studies on wagers, who appeared at a hearing of the Senate Finance committee Wednesday. In 2018, a…
Marat Lerner stole $2.5 million from financially distressed clients, funneling funds into luxury purchases while leaving victims bankrupt and facing foreclosure. Marat Lerner, the former president of a Brooklyn-based debt relief services company, was sentenced to prison for 11 years and three months on Tuesday for conspiracy to commit wire fraud and wire fraud. The…
Shocked young man sitting on sofa at home with phone in hands and looking worriedly at screen. Lost … [+] money in online games, betting, bankruptcy, fraud. getty We are in the middle of what I like to call “peak sports.” At the time this will be posted, Major League Baseball and the WNBA will…