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Financial News In The Gambling

A clueless man drowning in ​​£100k debt after five years betting on sports he knew nothing about
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By Rebeka Kulakevich
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A clueless man drowning in ​​£100k debt after five years betting on sports he knew nothing about

39-year-old Chris Bilham is boldly speaking out on the topic of gambling addiction, as he struggled with it for five years. At the age of 30, he decided to take a chance and bet money on a football match on an app he had downloaded. Little did he know that wasn’t going to be the last, and he went down a spiral of a destructive gambling addiction that left him with a £100,000 debt and excruciating suicidal thoughts.  

Gambling addictions spike amid the pandemic crisis
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Gambling addictions spike amid the pandemic crisis

For the first time in history, the entire globe shared a comparable struggle - the pandemic lockdown. The deaths from COVID are certainly the main subject of this painful period, but even those who weren’t touched by the virus got a neat old slap in many other ways. Some lost their jobs, others had to stay outside of hospital doors while their loved ones were dying inside, and many took relief in morally forbidden things like drugs and alcohol abuse. This is an undeniable fact, as alcohol sales went up by 60% in the past year, and drug-related crimes began taking over regions all around the earth. 

Online casinos are taking over the gambling industry
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By Rebeka Kulakevich
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Online casinos are taking over the gambling industry

Online gambling is a hot topic, as it became one of the fastest-growing industries in the world. One of the main reasons for the success in the niche is the pandemic that prompted millions of people to find new activities due to simple boredom or desperation during the lockdown. And even those who already gambled at land-based casinos were forced to find an alternative since most facilities closed. Either way, that served as a massive spike in revenue for operators who know the art of attractive advertisement. 

Anti-smoking group wages war on smoking in casino facilities nationwide
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By Rebeka Kulakevich
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Anti-smoking group wages war on smoking in casino facilities nationwide

Smoking in a gambling facility is almost an aesthetic to some people. And even looking back at old-fashioned American films with casino scenes, you will see fancy men tossing cards with a cigar in their hand or a group of guys playing jackpot with their cigarettes filling a dark room with gray smoke. In other words, smoking while gambling is almost like a ritual to those who fancy tainted lungs. However, Americans for Nonsmokers' Rights foundation is not too happy about it.

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University of Denver research | Covid-19 Lotteries do not work

As expected by millions - Vaccine Lotteries showed to be unsurprisingly ineffective. Not only has this been reported by individual states, but a research from the University of Denver brought in numbers to clear up the statistics. Andrew I. Friedson, an associate professor of economics at the University of Colorado presents reasons and speculations for vaccine lottery failures. “Guaranteed outcome may be one of them”.

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