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Gambling Disorder Frequently Occurs in Combination With Other Problems—Danish Study
A new study out of Denmark found that people experiencing gambling disorder are more likely to have physical and mental health problems and to have been convicted of a crime. The research also showed that the indirect costs to society of gambling disorder are much larger than one would estimate looking only at its direct impacts. […]
Researchers Investigate ‘Magic Mushrooms’ as Potential Problem Gambling Aid
In a groundbreaking clinical trial, a team of scientists from London Imperial College is investigating the ability of psilocybin, the active ingredient in psychedelic “magic” mushrooms, to treat problem gambling. Beginning early this month, the government-funded study will see neuropharmacological researchers treat a small cohort of five gambling disorder patients with a high dose of […]
BetMGM UK, Chris Rock Join Forces to ‘Make Every Game an Occasion’
Six weeks after its initial UK launch, BetMGM has unveiled Chris Rock as its first overseas ambassador. With a nod to the brand’s Vegas and Hollywood connections, the first ad spot features Rock sailing through the Bellagio Fountain to the River Thames in a gold speedboat—with a majestic, yet docile, lion in tow. Over hip-hop-style horns, […]
FBI Says Notorious North Korean Hackers Lazarus Group Are Behind the Crypto Casino Stake.com $41 Million Hack
The FBI has identified the North Korean hackers known as Lazarus Group for the $41 million theft from Stake.com on Sep. 4. The FBI adds that Lazarus goes by multiple other aliases, including APT38. It is one of three major hacking groups believed to have the backing of the North Korean government. On Sep.4, cyber […]
Former MGM Resorts CEO Jim Murren Named Chairman of Newly Formed UAE Gaming Authority
The United Arab Emirates (UAE) announced the establishment of a gaming regulator with some US industry veterans, including former MGM Resorts CEO Jim Murren at the helm. Murren was CEO from December 2008 to February 2020. Murren will take a leadership role as the Board of Directors Chairman for the General Commercial Gaming Regulatory Authority […]
Hackers Stole Over $41 Million From Cryptocasino Stake.com, Highlighting Crypto’s Vulnerability
Unregulated cryptocasino Stake.com has become the latest victim of cyber attacks. Digital security companies and cyber investigators estimate the losses from the attack on Sep. 4 at over $41 million. Stake confirmed the attack on X (formerly Twitter) but has not released updates. According to Beosin Alert, the breach involved three types of crypto blockchains […]
Ontario Regulator Bans Athletes From Online Gambling Ads ‘to Protect Minors,’ But Adults Happy
Ontario bans athletes from online gambling ads beginning on Feb. 28, 2024, “to protect minors.” However, the announcement on Aug. 29, 2023, about the upcoming rule enforcement primarily appears to be making adults happy. On Tuesday, the Alcohol and Gaming Commission of Ontario (AGCO) published an overview of the new marketing and advertising rules. AGCO said […]
Flutter Joins Group Aimed at Boosting Diversity and Inclusion
Global gaming giant Flutter has announced its membership in WiHTL, a “collaboration community devoted to increasing diversity and inclusion in the hospitality, travel, and leisure industry (HTL).” As part of the relationship, Flutter, the owner of brands including FanDuel and PokerStars, will sponsor WiHTL’s Women Non-Executive Director (NED) program. The unique program provides the skills, […]
Study Finds That Half of Self-Excluding Gamblers Have Gambled, Mostly at Offshore Casinos
A Swedish survey study has found that 49% of gamblers who had self-excluded have breached their exclusion, most of whom used online casinos. In total, 9% of respondents said they had self-excluded from any form of gambling in the past year. The study by A. Håkansson and N. Komzia from the Department of Clinical Sciences […]
Study Finds Debt Consolidation Offers Opportunity to ID, Support Problem Gambling
A study out of Finland has identified an opportunity to identify problem gambling and offer addiction support during the debt consolidation process. Unlike previous studies on the topic, it used direct data from people applying to consolidate their debts, rather than less reliable self-reported data. The study found that over half of those seeking to […]
