Day: 22 January 2021

British gambling charity organisation GambleAware has backed new findings of the Behavioural Insights Team (BIT) and called for more gambling companies to start offering their customers the flexibility to set their own deposit limits. A recent study found that the presence of high-value options found in gambling websites encourage customers to opt for higher deposit limits. Deposit limit tools are already being present in the majority of online gambling sites in the UK, with customers usually required to choose from some pre-defined options available in a dropdown menu at the…

HSBC Bank revealed that it has decided to extend its cooling-off period for avid gamblers. The announcement of the British banking and financial services organisation that it has boosted its cooling-off period from 24 hours to 72 hours comes at a time when gambling revenue and gamblers’ active accounts are rising. The cooling-off period was implemented by British banks and financial service organisations to prevent gamblers, who have been playing excessively, from spending too much money on gambling products. As mentioned above, HSBC Bank has decided to extend this period…