Day: 8 April 2021

Crypto Gambling Market Size, Share & Trends

Thu 8 Apr 2021 14.02 Harry Evans
Crypto Gambling Market Size, Share & Trends

The introduction of cryptocurrencies a few years ago has indeed revolutionized the transfer of funds, and has made it much more efficient. This is so for the simple reason that the types of checks and balances that are normally available with standard money transfers are left outside the question. Unlike fiat currencies that owe their credibility to banks, digital currencies rely heavily on technology. Blockchain technology, which is employed as a means to guarantee the safety of the money transfer was conceptualized for the first time back in 2008 by…

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High Court Rules in Favour of Player Suing Betfred over Unpaid £1.7-Million Blackjack Jackpot

Thu 8 Apr 2021 7.26 Olivia Cole
High Court Rules in Favour of Player Suing Betfred over Unpaid £1.7-Million Blackjack Jackpot

A blackjack gambler has won his High Court battle against the online gambling company Betfred after the operator refused to pay out the £1.7-million jackpot he had won. The 54-year-old Andrew Green has spent three years fighting with the gambling company to receive the seven-figure prize he won while playing the Magic Seven game on his phone in January 2018. At the time, he was congratulated by a member of Betfred’s staff on winning the jackpot, only five days later the betting operator informed Mr Green that it would not…

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Gambling Operators Must Pay Mandatory Tax to Fund Problem Gambling Treatment Services, NHS Says

Thu 8 Apr 2021 5.57 Daniel Williams
Gambling Operators Must Pay Mandatory Tax to Fund Problem Gambling Treatment Services, NHS Says

Gambling operators, which have been enjoying a profit increase during the coronavirus pandemic lockdowns, have left the National Health Service (NHS) to deal with gambling addiction, the head of the mental health service in England said. The mental health director for NHS England, Claire Murdoch, explained that it was time for gambling companies to face a mandatory tax that could be used as funding for more problem gambling treatment services in the country. The official of the National Health Service criticised the voluntary system that provided the gambling sector with…

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