New Legislation to Ban Credit Gambling The Swedish government has proposed new legislation aimed at curbing gambling-related debt by prohibiting gambling funded by credit. This initiative, titled “A New Ban on Credit Gambling,” seeks to broaden existing limitations under the national Gambling Act and is planned to be implemented by April 1, 2026. …
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The EU should back an African campaign for a new round of debt relief linked to green investment and development, Ghana’s former president will urge policymakers in Brussels on Thursday (2 October). In his speech ahead of November’s EU-African Union summit in Angola, Nana Akufo-Addo called for “a new global debt relief initiative — ambitious, equitable, and tailored to our…
An estimated 1.4 million adults in Britain have a gambling problem, according to landmark figures released days after the chancellor hinted at plans to increase taxes on the £11.5bn betting and gaming industry. The Gambling Commission’s annual survey found that 2.7% of adults scored 8 or above on the problem gambling severity index, a widely…
Pub owner’s huge call over $1.8bn debt The Australian Read the original article here
UPDATE: Pitcher Partners executive director Andrew Yeo has been appointed as trustee of the bankrupt estate of Jon Adgemis by order of the Federal Court. Yeo and his staff will now commence detailed investigations in relation to the bankrupt estate, including a review of any investigations already undertaken by the controlling trustees, an interview of…
Want to get this in your inbox at lunchtime every weekday? Financial Review subscribers can sign up for The Brief newsletter here. Plus start your day with our Before the Bell newsletter and read a full wrap of the day’s news in Market Wrap. In today’s news, publican Jon Adgemis declares bankruptcy, IFM Investors is…
Embattled Sydney pub baron Jon Adgemis may still face a public grilling over his $1.8 billion failure when liquidators question him in court about what went wrong, despite the shock move to bankrupt himself on Thursday. Adgemis filed for bankruptcy owing more than $1.8 billion, avoiding a showdown with the Australian Taxation Office in the…
How to Juggle Debt, Raising a Family and Marriage: Dave Ramsey’s Advice for Young Families moneywise.com Read the original article here
사진 확대 (Yonhap) The South Korean government launched its new long-term debt relief program, the Bad Bank (New Leap Fund), on Wednesday, with 840 billion won ($599 million) in funding. Through this initiative, about 1.13 million debtors are expected to have a total of 16.4 trillion won in debt written off. The Financial Services Commission…