Connect with us

Hi, what are you looking for?

DOGE0.070.84%SOL19.370.72%USDC1.000.01%BNB287.900.44%AVAX15.990.06%XLM0.080.37%
USDT1.000%XRP0.392.6%BCH121.000.75%DOT5.710.16%ADA0.320.37%LTC85.290.38%
THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Breaking News

Breaking News

Charity fears cost-of-living increase UK gambling issues.

A man sits at a fixed odds betting terminal in a betting shop in London, Britain October 31, 2017. R... A man sits at a fixed odds betting terminal in a betting shop in London, Britain October 31, 2017. REUTERS/Peter Nicholls
A man sits at a fixed odds betting terminal in a betting shop in London, Britain October 31, 2017. R... A man sits at a fixed odds betting terminal in a betting shop in London, Britain October 31, 2017. REUTERS/Peter Nicholls

As the cost-of-living crisis worsens, a charity said on Wednesday some British gamblers had utilized betting shops to stay warm and gambled their state benefits to pay their bills.

GamCare, which helps gamblers, found that they were more likely than the average population to struggle with food and heating.

After British authorities fined William Hill a record 19.2 million pounds ($23.7 million) for failing to safeguard consumers and curb money laundering, YouGov polled over 4,000 people.

“We are still seeing a fraction of individuals who are struck the hardest by the cost-of-living issue gravitating towards gaming to soothe their money problems,” said GamCare chief executive Anna Hemmings.

20% of gamblers have trouble buying groceries, compared to 11% of the population, according to YouGov.

16% went to public venues to avoid heating, compared to 5% of the population.

The government has tried to combat gambling addiction in recent years by regulating terminal stakes and outlawing credit card bets.

On Monday, the Gambling Commission reported additional William Hill failures. For example, one client dropped 14,900 pounds in 70 minutes and spent 23,000 pounds in 20 minutes without checks.

GamCare announced a new Money Advice Program to assist gamblers in reclaiming their finances.


Comment Template

You May Also Like

Business

In the wake of Walmart’s departure as a major stakeholder and a stagnating Chinese e-commerce market, JD.com must persuade investors of its importance. This...

Economy

Friday saw dollar weakness as investors braced for Jackson Hole address by Federal Reserve Chair Jerome Powell, while the yen topped other currencies in...

Politics

  Joe Biden had other plans for his address. Under the current conditions, at least not this year. Tragedies and hardships have left their...

Economy

After a bank official was freed from captivity, activities at Libya’s central bank (CBL) were restored. Musaab Muslamm, chief of the bank’s information technology...

Notice: The Biznob uses cookies to provide necessary website functionality, improve your experience and analyze our traffic. By using our website, you agree to our Privacy Policy and our Cookie Policy.

Ok