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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. 

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. 

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By Rebeka Kulakevich
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Wynn Resorts former CEO lawsuit resurfaced | US District Judge seeks justice

Power corrupts the mind and those in power often get a free pass for their nefarious actions. Former Wynn Resorts CEO, Steve Wynn, almost managed to fly under the radar after several anonymous reports of sexual misconduct and harassment were filed against him. The case was dismissed, and the victims were rejected basic justice. However, U.S. District Judge Andrew Gordon stepped in to revive the faded lawsuit.

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By Rebeka Kulakevich
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Russia battles illegal transactions between operators and its banks

Russia has a backward and forward history when it comes to gambling laws. Online casinos have been outlawed in Russia since 2017 due to an overwhelming amount of unlicensed operators. Internet service providers blocked gambling-related websites in the country, and the government shared plans of using the latest technologies to ensure that players have zero access to online casinos. As this went on, another major issue surfaced among Russia’s banks - payment pocketing from illegal gambling markets. 

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By Rebeka Kulakevich
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A homeless Air Force veteran wins a vaccine Lottery after a streak of unlucky events

You may have heard the phrase, “you cannot win a lottery if you don’t buy a ticket.” While that is true, the pandemic prompted a Lottery that requires no purchase and receiving a vaccine automatically qualifies individuals to participate in auto-enrolled opportunities to win money, scholarships, and other generous prizes. Almost a dozen states in America are rewarding the vaccinated in exchange for a quick jab, and many of those in need have had their lives changed forever. 

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