Gambling Addiction Among Irish Women Reaches Concerning Numbers

Gambling Addiction Among Irish Women Reaches Concerning Numbers

Every year, about 260 women in Ireland seek help with their gambling addiction. According to the CEO of Problem Gambling Ireland Barry Grant, this number is 5 times higher, compared to the cases 5 years ago. As the stress levels increased in the last few months due to the COVID-19 pandemic, the organisation has reported a huge increase in females with gambling problems. A study from 2019 shows that there are about 40,000 cases of gambling addicts in Ireland. Around 4.8% of them are males, while the females represent 0.2%…

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Betfred’s Losses Due to Reduced FOBT Maximum Stake Not as Bad as Originally Projected

Betfred’s Losses Due to Reduced FOBT Maximum Stake Not as Bad as Originally Projected

The billionaire owners of Betfred received dividend amounting to £10.2 million after reporting exceptionally large operating profits, as the Government’s restrictions on the controversial fixed-odds betting terminals (FOBTs) had a much milder effect than the one initially predicted by the sector. In November 2019, the owners of the gambling business, Fred Done and his brother Peter, warned that British bookmakers were trying to survive after the decision of the country’s Government to sharply reduce the maximum bet allowed on the machines from £100 to £2. According to the figures for…

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Bonuses of AU$1.4 Million Granted to The Star Entertainment’s Top Executives Despite Poor Financial Performance Due to Coronavirus Pandemic

Bonuses of AU$1.4 Million Granted to The Star Entertainment’s Top Executives Despite Poor Financial Performance Due to Coronavirus Pandemic

Australian gambling group Star Entertainment has distributed bonuses worth a total of AU$1.4 million to its top executives, despite missing their yearly financial targets while at the same time appropriating AU$9.6 million in JobKeeper money to cover the wages of its employees. The middle of the week saw the casino and entertainment company reveal that its chief executive officer Matt Bekier received an AU$2.3-million bonus for the 2020 fiscal year. The figure represents a reduction from AU$3.3 million a year ago and AU$4.4 million back in 2018. The Star Entertainment…

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William Hill’s Participation in ESPN Deal Would Help It Strengthen US Sports Betting Presence

William Hill’s Participation in ESPN Deal Would Help It Strengthen US Sports Betting Presence

Early on Tuesday, William Hill’s stock value rose by almost 85 after the British gambling operator became part of the multi-year deal with ESPN. According to preliminary expectations, the company is ready to capitalize on the opening of the US sports betting market and its development in the years to come. The beginning of the week saw ESPN unveil co-exclusive deals with Caesars Entertainment and DraftKings, which sent the stocks of both companies higher. Considering the fact that William Hill is a sports betting partner and operator of Caesars Entertainment,…

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The Star Entertainment Takes Insurer to Court for Refusing to Pay Indemnity Claim Money

The Star Entertainment Takes Insurer to Court for Refusing to Pay Indemnity Claim Money

The Australian casino operator The Star Entertainment Group has taken its insurance carrier to court after the company turned down a legitimate claim in accordance to the gambling firm’s insurance policy. As a result, The Star Entertainment decided to bring the issue to court. The casino company claims that Chubb Insurance refused to pay for a claim submitted by the Australian gambling giant in the first quarter, with the claim being associated with the impact the coronavirus infection had on the company. The casino and entertainment services operator revealed that…

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British Gambling Brand Betfair to Stop Offering Betting Exchange Service in New Jersey as of October 1st

British Gambling Brand Betfair to Stop Offering Betting Exchange Service in New Jersey as of October 1st

Recently, the British gambling brand Betfair announced its decision to withdraw its operations from the New Jersey market. The sports betting exchange operator revealed that it will exit the state’s gambling sector because of the unsatisfactory results in the market combined with the fact that New Jersey would receive its first sports betting exchange. The British gambling company revealed that its sports betting exchange service will no longer be available in the state as of October 1st, 2020. Kip Levin, the Chief Financial Officer of FanDuel Group, further explained that…

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London-Based Grosvenor Casinos Generate Much Smaller Annual Revenues, Rank Group Shares

London-Based Grosvenor Casinos Generate Much Smaller Annual Revenues, Rank Group Shares

One of the biggest gambling companies – the Rank Group – has urged London customers to get to their normal “fired-up” selves again, after it suffered significant losses because of the coronavirus pandemic. The gambling operator is also hit by the continued absence of affluent casino patrons and high-rollers. As the group revealed in a statement for its preliminary annual results for the year that ended on June 30th, 2020, its pre-Covid-19 results remained strong, demonstrating the efficiency of its new strategy. However, the annual revenues for the twelve-month period…

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ACLEI’s Investigation Cites Findings That Crown Resorts’ VIP Customers Received Favourable Visa Treatment

ACLEI’s Investigation Cites Findings That Crown Resorts’ VIP Customers Received Favourable Visa Treatment

The inquiry held by the Australian integrity commission has found that the high-roller customers of Crown Resorts, including individuals who had initially been rejected permission to enter the country on character grounds, have been given preferential visa treatment by the Home Affairs. According to the probe held by the Australian Commission for Law Enforcement Integrity, the officials responsible for the checks of Crown Resorts’ VIP customers were found to have been keeping a poor record of these clients, noting that some of these individuals may have escaped thorough baggage checks.…

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Australian Residents Spend Massive Amount on Poker Machines after Coronavirus Lockdown Measures Eased

Australian Residents Spend Massive Amount on Poker Machines after Coronavirus Lockdown Measures Eased

The extensive engagement of Australians with poker machines, also known as “pokies” has continued after the coronavirus lockdown, too, with local residents spending hundreds of millions of dollars into the terminals and prompting renewed calls for stricter actions against licensed premises to tackle the increasing gambling addiction rates. According to reports, Australian pokie machine gamblers lost a total of AU$800 million in just one month after the country’s Government relaxed the restrictions of casinos and pokie clubs and pubs. The majority of poker machine premises resumed operations on June 1st…

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Betway Announces Partnership with Espanyol despite Potential Betting Sponsorship Ban

Betway Announces Partnership with Espanyol despite Potential Betting Sponsorship Ban

UK-regulated online betting firm Betway announced it has sealed a sponsorship deal that would enable it to adorn the jerseys of Spain’s Espanyol de Barcelona football club with its logo. The online gambling company is to replace the previous sponsor of the club, LD Sports that hails from China. The Chinese content brand had initially sealed a two-year sponsorship contract with the Spanish team at the beginning of the 2019-2020 season but broke it off at the expense of €4 million after Espanyol dropped out from La Liga, Spain’s top…

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