Spending on gambling and streaming services has jumped massively during the coronavirus lockdown, but overall consumption is flatlining. NAB transaction data shows Australians are spending 62.7 per cent more on gambling and 41.6 per cent more on streaming services than they did this time last year. The figures refer to the average money spent over…
Justine Channing, a gaming industry specialist with 25 years experience, said clubs and hotels in both city and regional areas had positive results, on average. “I suspect we’ve got a honeymoon, as people who enjoy gambling want to get out there and have a go,” Ms Channing said. While big clubs might still be struggling…
By: Dylan Dethier May 11, 2020 Michael Jordan and Richard Esquinas on the cover of Esquinas’ book about gambling on the golf course with the NBA legend. Richard Esquinas used to play Michael Jordan for a standard wager of $1000/hole, he says. Now his limit is something closer to a $20 Nassau. In 1993, Esquinas…
Tabcorp Holdings has reached an agreement with its US debt holders that will enable the ASX gambling group to postpone payments on their debt agreements. Last month, Tabcorp announced it had entered into negotiations with US debt holders to get new covenant terms on its AUS $2.1 billion corporate debt tranche, maximising financial flexibility as…
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 up to six credit cards. He’s talking about when…
Jakarta (ANTARA) – Heru Hidayat, PT Trada Alam Minera Tbk (TRAM) president commissioner, laundered money by gambling at overseas casinos, using money allegedly derived from corruption in state-owned PT Jiwasraya’s investment fund management, Indonesian Attorney General’s prosecutor stated. The money obtained from corruption in the Indonesian state health insurance was laundered at casinos located in…
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…
