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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.  

New gambling technologies | Indian Gaming Tradeshow and Convention
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By Rebeka Kulakevich
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New gambling technologies | Indian Gaming Tradeshow and Convention

The gambling industry never sleeps - new technologies continuously surface at an impressive speed, and it's always worth checking out. Hundreds of gaming industry vendors came together for an unforgettable event at the Indian Gaming Tradeshow and Convention in Las Vegas this July to share the new gambling technologies, some of which are already available across casino floors. 

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. 

Businessman with a generous heart donates $28M worth of land instead of building his dream casino
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By Rebeka Kulakevich
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Businessman with a generous heart donates $28M worth of land instead of building his dream casino

It’s important to recognize the rare acts of kindness and generosity in a world that’s filled with greed and undying lust for success. And even then, a good portion of individuals only give to others for the purpose of self-gratification, tax deductions, and maintaining an honorable reputation. However, there are also people like Chris Ferrara, who sacrifice their plans, investments, and success in order to change lives. This month he donated 30 acres of land on which he previously planned to build a casino facility. 

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By Rebeka Kulakevich
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Scientific Games & Marker Trax join forces | Cashless Gaming

Cashless solutions are gaining massive success in the gambling industry, especially now that Nevada’s casinos are integrating the technologies into their facilities one by one. Scientific Games Corporation has already become a giant in the distribution of cashless gaming to operators, but as they join forces with Maker Trax, another major payment solutions company, the technology is expected to double in its progression.

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By Rebeka Kulakevich
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Young man climbs over 60 floors of Aria Resort and Casino to protest COVID-19 mandates

Just as Nevada got a taste of freedom after the lockdown, mask mandates went back into effect Friday, this late June. Not many are happy with the reinstated regulations, but very few attempt to push back against the retrogression. However, a 22-year-old man named Maison Des Champs took it upon himself to make a statement, quite a shocking one too. After losing his grandfather to suicide during the lockdown, he began to protest against the government’s infringement on freedom. This Tuesday, Des Champs climbed 60-some floors of the Aria Resort and Casino’s exterior to send a message.

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By Rebeka Kulakevich
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Request for Internet Service Providers in Australia to block review sites with illegal gambling ads

Hundreds of illegal online casinos in Australia have been blocked over the years due to illegal operations. Yet, they keep surfacing, and review sites are being less than helpful in terms of eliminating the criminal and civil offenses caused by them. Australian Communications and Media Authority (ACMA) reaches out to the country’s internet service providers for backup, as illegal online gambling activities continue posing risks to problem players and those who underestimate the importance of a gaming license on casino sites. AMCA representatives instruct consumers to report unlicensed gambling services.

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