An Australian casino’s bid to recover an A$43.2 million (S$42 million) gambling debt from a Singaporean high roller here has failed on public policy grounds. The ruling against Brisbane-based The Star Entertainment QLD underlines the point that Singapore law does not enforce the recovery of monies won on a wager, other than gambling regulated by…
The gambling industry is facing an uncertain future as states and countries reopen and coronavirus cases rise in the U.S. and abroad. Reopening resorts and casinos may sound like good news, but it’s unlikely gamblers will travel to major resorts in droves while the virus is still a big threat. Given this backdrop, a few…
When sitting down with 29-year-old Yiannis Simosis, it is difficult for one to fathom that this intelligent, mature, kind and down to earth young man, spent some of the best years of his life struggling with gambling addiction that led him down a difficult path which nearly ruined his life. Yiannis story with gambling stems…
Australians paid off their credit card debt in record numbers in May, according to Reserve Bank data. But analysts say the debt repayments have come at the expense of superannuation, with the tax office having approved roughly $25 billion of early withdrawal claims from 2.4 million people. New figures released by the Reserve Bank of…
Online sports betting has become a ‘public health issue’ that is driving young men into huge debt, getting them blacklisted by payday loans and ruining their family lives, new study claims New study from the University of Bath interview young men who bet on sports Subjects kept a 30-day diary of all their sports bets…
A surge in use of online sports betting platforms, and promotional tactics such as free bets to hook users in, pose a significant and growing public health challenge which needs urgent attention from policymakers, according to the author of a new academic study. Writing in the Journal of Public Health, Dr Darragh McGee from the…
By Sally Williams Published: 09:03 AEST, 5 July 2020 | Updated: 09:03 AEST, 5 July 2020 1 View comments I turned 5 into 90 betting on football so thought I must be good at it. That was disastrous Smartphones, online gaming and shrewd marketing have led to such a shocking rise in young problem gamblers,…
Labor has slammed the governments early super access scheme after new research showed a massive jump in gambling expenditure by people taking advantage of it. Shadow Assistant Treasurer Stephen Jones said: Today we learn that one in 10 dollars that has been provided through the governments early access to super scheme has been spent on…
A gambling suicide EVERY day: Shocking report finds 2m families blighted by problem gambling and 50,000 CHILDREN are addicted The House of Lords review found betting blights the lives of two million Britons The panel behind the report urged the Government to curb giant betting firms It called for mandatory checks to ensure gamblers can…
By Dan Whitworth Money Box reporter 5 June 2020 Image copyright Getty Images “It’s like a last-ditch attempt to get the last bit of money out of a gambler. I was just disgusted.” Dave, not his real name, has fought gambling addiction nearly his entire life and now has 50,000 of gambling debt spread over…
