Daily Archives: August 18, 2026

‘Debt Reset’ helps employees break the debt cycle while protecting long-term retirement outcomes

Discovery Corporate and Employee Benefits has launched Debt Reset, an innovative retirement fund benefit designed to help employees redirect retirement contributions towards debt repayment for a limited period and subsequently receive a retirement Boost that helps restore their long-term retirement trajectory. Effectively reducing short-term unsecured debt while protecting their long-term financial future. For many South…

Struggling to pay off your credit card? These simple tips could help

Whitney Restall got her first credit card just a few months after finishing high school. “I never prioritised paying it off … I’d max it out and then the bank would be like, ‘Oh, would you like to increase your limit by another thousand dollars?’ And then I’d max it out again,” she says. Whitney,…

Debt-laden Bally’s future in ‘substantial doubt’ amid video gambling dispute over Chicago casino

Bally’s has acknowledged its massive debt creates “substantial doubt about its ability to continue” over the next year, when the company is supposed to open its long-delayed Chicago casino complex in River West. The statement of “going concern” was included in Friday’s quarterly filing with the Securities and Exchange Commission from Bally’s, which says it…

Teen Smashes Kiosks, Steals Cash to Pay Off Gambling Debt

Yonhap News A 16-year-old boy who rode a stolen motorcycle from one unmanned store to another, breaking into kiosks and stealing cash to pay off debts from online gambling, has been caught by police in South Korea. The Ilsan West Police Station in Gyeonggi Province said on the 17th that it was investigating the boy,…

Bally’s Debt Obligations Raise Doubts Over Casino Operator’s Future

In its pursuit of expansion, Bally’s Corp. is facing liquidity concerns that could jeopardize the company’s future. The casino operator, which has two major gambling resort projects in the works, is at risk of defaulting on a lender agreement, raising “substantial doubt” about its ability to continue operating, it warned investors in a Friday filing…