You are here: Home - Credit Cards & Loans - News -

Stress from coronavirus lockdown ‘could lead to problem gambling’

0
Written by:
24/03/2020
An online gambling firm said it will need to monitor and prevent gambling-related harm as people spend more time at home due to the coronavirus pandemic.

In a covid-19 trading update and outlook for the year ahead, 888 said it is monitoring closely the spread of the virus.

With major sporting events being cancelled and postponed, and given the government announcement to ‘stay at home to save lives’, people will spend more time at home.

The potential increased stress from economic uncertainty, means 888’s vigilance on safe gambling and preventing gambling-related harm is “even more important than ever”.

The statement read: “The Group continues to offer its customers support and is proactively communicating with its customers to make them aware of safe gambling tools to limit and control their play.

“In addition, 888 continues to leverage its unique Observer software to scan player data and identify potential areas of concern in order to prevent gambling harm.”

Gamblers in the UK will be banned from using credit cards from April, the Gambling Commission announced earlier this year. It revealed around 800,000 people gamble on credit card, with one in five of those being classed as ‘problem gamblers’.

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

The savings accounts paying the most interest

It’s time to get your finances in shape, and moving your cash savings to a higher paying deal is a good plac...

Everything you need to know about being furloughed

Few people had heard of ‘furlough’ before March 2020, but the coronavirus pandemic thrust the idea of bein...

The experts’ guide to sorting out your personal finances in 2021

From opting to ‘low spend’ months to imposing your own ‘cooling-off period’, industry experts reveal t...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week