People in NSW lost a record $8.1 billion on poker machines last year, with the heaviest losses suffered in Sydney’s most disadvantaged neighbourhoods, new data reveals. Anti-gambling group Wesley Mission also found the number of poker machines in NSW grew by almost 1000 to 87,545 in 2023, despite a state government commitment to reduce the…
“We don’t know any of the detail yet,” he said. “It would be nice if we had a timeline. It would be nice if we at least had a framework for the characteristics of how this is going to work.” But the budget papers predict that the further reforms will start to reduce gambling losses…
A Brooklyn man has been charged in connection with an alleged illegal sports betting scheme involving former Raptors player Jontay Porter, who received a lifetime ban from the NBA for his actions. After allegedly racking up large gambling debts to co-conspirators in the scheme, Porter was encouraged to clear his debts by exiting NBA games…
The online gambling industry in the Philippines, which includes many companies known as Philippine Online Gaming Corporations (POGOs), took root and thrived during the administration of President Rodrigo Duterte. During Duterte’s 2016-2022 tenure, hundreds of gambling companies were officially registered, employing half a million foreign workers and supporting thousands of related businesses. POGOs are estimated…
The former NBA player banned for life for sports betting admitted Wednesday to tipping off gamblers to games he purposely was going to rig — and earning them $1 million — in an effort to clear his own gambling debt. Former Toronto Raptors forward Jontay Porter, 24, pleaded guilty to conspiracy to commit wire fraud…
Banned NBA player Jontay Porter admits to $1million gambling scheme and pleads guilty to federal fraud charges, saying he only took part in the plot ‘to get out of debt’ MSN Read the original article here
Connecticut’s Mohegan Sun Casino is pursuing former Hollywood executive Ron Meyer for over $2.7 million in unpaid markers, according to a lawsuit filed in the state’s Superior Court in New London. Meyer, 79, who served as president and COO of Universal Studios from 1995 to 2013, is known for his fondness for playing craps. The…
The government is finally making moves on that student debt relief they’ve been teasing us with for months. Today, they’re dropping a bill in Parliament that could potentially wipe $3 billion off our collective HECS-HELP debts. Let’s break down what this means for your wallet and your future. Why do I feel like the Gen…
On 1 June last year, indexation was applied on my then HELP debt of $87,722 at 7.10 per cent. This resulted in a $6,228 debit being applied to my HELP account. This year, student debts are due to rise by 4.8 per cent, the second highest indexation rate in a decade. HELP indeed! I am…
The global economy avoided what could have been a systemic debt crisis during the turbulence of recent years, but vulnerabilities remain amid high debt servicing costs that pose an important challenge for low and middle-income countries. Some may yet confront major tests. When countries do falter on debt, restructuring is critical to containing the damage.…