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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. 

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By Alex Gambler
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Betsson’s Focus at LatAm: Record-Breaking Revenue in Q2

Betsson AB announced its latest report with numbers and statistics. The second quarter of Betsson’s work turned out to be record-breaking as the Q2 revenue was as significant as €186.3m (£158.9m/$189.5m), with the net income equal to €28.6 million or €0.21 per share. Though the results in Western Europe fell by about 40%, the market that succeeded was Latin America.

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By Rebeka Kulakevich
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17 suspects arrested in South Korea for operating illegal sports gambling sites

Even the smoothest criminals tend to slip up sometimes. And something like running an unregistered, undocumented gambling site seems like a sleek idea until it catches speed and becomes challenging to keep up with when it comes to hiding it from authorities. But everything that’s in the dark eventually comes to light, and that was the painful lesson learned for a group of lawbreakers in South Korea in late June 2021.

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