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Category Archives: Gambling

Government hints at action to clamp down on gambling with credit cards – The Sun

GamblingBy Insolvency GuardianApril 11, 2019

THE Government may ban gambling with credit cards, a minister hinted yesterday. Culture Secretary Jeremy Wright said it intends to take action on the back of recommendations from the Gambling Commission on the issue. Getty – Contributor The Government has hinted towards action to clamp down on gambling with credit cards He told MPs he…

Yes, You Can Deduct Your (Illegal) March Madness Betting Losses on Your Taxes – OZY

GamblingBy Insolvency GuardianApril 11, 2019

So you put down a cool $50 in your March Madness pool and confidently selected Duke as your 2019 Mens NCAA Tournament champion. After all, with three top prospects in this years NBA draft, the Blue Devils were as close to a sure thing as possible in the tourney. But thats why they call it…

The Invisibles: Dealing With a Gambling Addiction – Oklahoma Watch

GamblingBy Insolvency GuardianApril 9, 2019

Nearly eight years into addiction recovery, Nicole Zoellner is still paying off $180,000 in gambling debt. [embedded content] The Perry woman is married and has two children who now know of her struggles with a gambling addiction. She said she didnt tell her husband about her problem until several months into recovery. She broke the…

The Invisibles: Dealing With a Gambling Addiction – Oklahoma Watch

GamblingBy Insolvency GuardianApril 9, 2019

Nearly eight years into addiction recovery, Nicole Zoellner is still paying off $180,000 in gambling debt. [embedded content] The Perry woman is married and has two children who now know of her struggles with a gambling addiction. She said she didnt tell her husband about her problem until several months into recovery. She broke the…

Star Gold Coast Casino Suing High Roller for AUD $43 Million in Gambling Debts – Tunf.com News

GamblingBy Insolvency GuardianApril 5, 2019

The Star Gold Coast casino in Queensland, Australia is suing Singaporean high roller Wong Yew Choy for AUD $43 million (USD $30 million) in gambling debts he racked up during a five-day stay at the resort. Choy left the country and canceled a check he wrote to pay what he…

Grand National credit card bets will cost £16m – Financial Times

GamblingBy Insolvency GuardianApril 5, 2019

Customers betting on the Grand National this weekend are set to spend some 16m on credit card fees alone, according to research revealing that bad bets made on plastic could cost gamblers dearly. Punters are set to bet 250m over Aintree weekend, according to bookmaker Ladbrokes. Up to one-fifth of that amount is likely to…

Star Gold Coast Sues High Roller Over $43M Gambling Debt – Casino Aus

GamblingBy Insolvency GuardianApril 4, 2019

The Star Gold Coast in Queensland is suing Singaporean high roller Dr Wong Yew Choy for gambling debts amounting to a staggering $43 million. Star Gold Coast Casinos can rake in a lot of profit from high-stakes gamblers. In Australia, many of the casinos benefit greatly from high rollers. These whales travel from various countries…

Chinese Police Goes Creative Busting Illegal Gambling Dens With Drone – Casino Buzz

GamblingBy Insolvency GuardianApril 2, 2019

Chinese police officials have gone creative in busting illegal gambling dens across the country. Gambling is legal only in Macau which is Chinese territory. Gambling is illegal in mainland China; however, illegal gambling activities are on the rise. In a recent drive to curb and crack down on such unlawful…

Star sues high roller over $43.2m gambling debt – Gympie Times

GamblingBy Insolvency GuardianApril 2, 2019

STAR Entertainment Group says it is “vigorously” pursuing a Singaporean high roller who claims dealing “mistakes” entitle him to write off a $43.2 million gambling debt on the Gold Coast. In a case set to provide a fascinating insight into the world of high-stakes casino betting, Star is suing Dr Wong Yew Choy in the…

The Bizarre Side of Gambling: From Wife Gambling to Addiction – VegasSlotsOnline

GamblingBy Insolvency GuardianApril 2, 2019

30-second summary This week a man in Pakistan was arrested after losing his wife while gambling Court approves halving a mortgage debt after husband got addicted to gambling Woman with an addiction to video lottery terminals leaves her divorced and bankrupt In todays society gambling is big business; the rewards can be high, but the…

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