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.

Flight cancelled or delayed? Your rights explained

With no sign of the problems in UK aviation easing over the peak summer period, many will worry whether holida...

Rail strikes: Your travel and refund rights

Thousands of railway workers will strike across three days this week, grinding much of the transport system to...

How your monthly bills could rise as the base rate reaches 1.25%

The Bank of England has raised the base rate to 1.25% as predicted – the fifth consecutive rise in just six ...

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.

DIY investors: 10 common mistakes to avoid

For those without the help and experience of an adviser, here are 10 common DIY investor mistakes to avoid.

Mortgage down-valuations: Tips to avoid pulling out of a house sale

Down-valuations are on the rise. So, what does it mean for home buyers, and what can you do?

Five tips for surviving a bear market mauling

The S&P 500 has slipped into bear market territory and for UK investors, the FTSE 250 is also on the edge. Her...

Money Tips of the Week