Editor’s note: Find the latest COVID-19 news and guidance in Medscape’s Coronavirus Resource Center. The confluence of isolation, excess available time, and anxiety about illness or finances as a result of the COVID-19 pandemic have the potential to increase problem gambling behaviors during this public health emergency, so it’s essential to gather data and supply…
Rachel Edwards has faced mental health difficulties for decades. Bouts of depression have also brought financial problems for the 43-year-old grandmother. She believes that letters, warning about falling behind on debt and which lenders are compelled to send by law, are often counter-productive. “You get these letters and they make you bury your head even…
Saudi sheikh who owns 45m London mansion ‘sent 17 bouncing cheques ‘ as casino that appeared in James Bond’s Dr No pursued him for 2m gambling debt Sheikh Salah Hamdan Albluewi accused of failing to settle the gambling debts Ran up the debt last September according to Les Ambassadeurs Club in Mayfair The casino went…
Emergency access to superannuation during the COVID-19 shock has triggered a spending spree for some Australians, who are splashing cash on gambling, alcohol and takeaway food rather than essential household items. Real-time bank transaction data crunched by the advisory firms Alpha Beta and Illion shows that many people dipping into their retirement nest eggs have…
Emergency access to superannuation during the COVID-19 shock has triggered a spending spree for some Australians, who are splashing cash on gambling, alcohol and takeaway food rather than essential household items. Key points: The average person who withdrew super spent $3,000 more in a fortnight than they normally would Around 14pc of that spending went…
An exclusive London casino claims that a Gulf sheikh reneged on a 2 million gambling debt by sending it 17 cheques that bounced during a spree last year. The dispute was revealed in the High Court in London when a judge lifted a freezing order on the assets of Sheikh Salah Hamdan Albluewi, the chairman…
Analysis by credit bureau illion and consultancy AlphaBeta, part of Accenture, shows those using their super spent almost $3000 more than normal in the fortnight after receiving the lump sum. Loading Their analysis, based on the bank transactions of 13,000 people who have withdrawn superannuation since the coronavirus outbreak, showed 40 per cent of them…
Analysis by credit bureau illion and consultancy AlphaBeta, part of Accenture, shows those using their super spent almost $3000 more than normal in the fortnight after receiving the lump sum. Loading Their analysis, based on the bank transactions of 13,000 people who have withdrawn superannuation since the coronavirus outbreak, showed 40 per cent of them…
A Saudi Sheikh is reportedly involved in a feud over a 2 million outstanding debt to the iconic Les Ambassadeurs Club. Sheikh Al Balawi Has a 2 Million Debt to Iconic Mayfair Casino Sheikh Salah Hamdan Al Balawi is allegedly involved in a gambling debt with a private London casino. The sheiks assets are estimated…
A multimillionaire Saudi businessman has remained clenched in a lengthy dispute with a Mayfair casino over an alleged gambling debt amounting to 2 million. Sheikh Salah Hamdan Al Balawi, who is known for having assets exceeding 100 million, has been charged with a failure to settle a debt with the Les Ambassadeurs Club. The global…