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University of Bristol’s Personal Finance Research Centre and GambleAware partnership

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With around one million people in the UK suffering the negative consequences of gambling, some banks have introduced spending controls or ‘gambling blocks’ to help their customers. But do these measures work and what more can be done?

research partnership between the University of Bristol’s Personal Finance Research Centre (PFRC) and GambleAware will examine how financial services organisations can best help people who experience, or are at risk of, gambling-related harm.

Researchers will engage with people affected by problem gambling, those working in the gambling and financial industries – including high-street banks, lenders and debt collection agencies – as well as treatment and support organisations, to explore a range of ways to mitigate the financial losses and other harms inflicted by risky gambling behaviour.

The three-year programme will address growing concerns around the severe financial and social consequences of gambling.

It comes as several UK banks – most notably Barclays, Monzo and Starling – have introduced ‘gambling blocks’. Once turned on by customers, these essentially prevent spending on a bank card at gambling outlets, both online and in-person.

The first six-months of the programme will investigate the effectiveness of gambling blocks and how their potential could be maximised. As the programme evolves, other topics might include practical guidance for financial services firms about how best to support customers affected by gambling; identifying effective financial self-help for gamblers, such as apps, budget planners or money guidance; and the feasibility of a ‘single gateway’ for credit self-exclusion.

Professor Sharon Collard, from the PFRC at the University of Bristol, is leading the programme and said: “We know that people in recovery from problem gambling already use informal workarounds to prevent themselves from spending money on gambling, such as forfeiting their card to a third party or scratching off the card security number.

“The new solutions from banks, however, allow customers to do this more formally – and, possibly, more successfully. But at present there is limited evidence about the effectiveness of such spending controls, nor about the characteristics of those who use them.

“We also don’t know much about the unintended consequences of these spending blockers. For example, whether it leads to customers withdrawing more money as cash and gambling with that.

“We’re looking forward to working with a wide range of stakeholders – especially those with lived experience of problem gambling – to come up with some real tangible solutions to benefit everyone.”

Dr Jane Rigbye is the Director of Education at GambleAware and said: “We want to prevent people from getting into problems with their gambling and we welcome the proactive steps that some banks have taken to protect their customers. People must be able to gamble in a safe environment, so we are pleased to be commissioning this project to determine how financial organisations can best protect people from gambling harm.”

Around seven in ten people seeking help for gambling problems report that they are in debt, with a third of these owing £10,000 or more.

Between 2007 and 2014 there were an average of 500 bankruptcies per year known to be linked to gambling – although the true figure could be much higher because people may not disclose that their bankruptcy is related to gambling.

Owen Baily, Peer Support Worker at London’s National Problem Gambling Clinic, has overcome a serious gambling problem and said: “I’m really glad that this new programme will explore and identify ways financial services organisations can help to reduce gambling-related harms.

“I know from my personal first-hand experience through having overcome a serious gambling problem, and knowing many others that have, that dealing with gambling debt and creditors proves very challenging.

“Financial services organisations – when it comes to this very specific customer vulnerability – can collaboratively play a big role in preventing the escalation of a problem and also aid in the recovery process, improving overall wellbeing, minimising chances of relapse and aiding the recovery process sooner.”

Christopher Woolard, executive director of strategy and competition at the Financial Conduct Authority, said: “We welcome this new research, which aims to support initiatives to protect vulnerable consumers from harm. We look forward to the outcomes with interest.”

Also welcoming the new partnership, Dr Henrietta Bowden-Jones OBE, Consultant Psychiatrist in Addictions and Director of the National Problem Gambling Clinic in London, said: “The financial services sector can play an important role in helping create a safer environment for people with gambling problems, for example by making it easier for individuals to limit their gambling spend.”

Get involved in the research

In order to build the evidence-base, researchers will be working closely throughout the programme with financial services firms – but, more importantly, the research will place people with lived experience of problem gambling at its centre, as well as those with expertise in the treatment and support of recovering gamblers.

If you’re interested in being part of the research programme, or if you simply want to be kept updated, you can join our money and gambling network by filling out this short form.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: University of Bristol’s Personal Finance Research Centre and GambleAware partnership

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Zitro’s Illusion And Allure Arrives At Caliente Casino

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Casino Caliente have installed the two new Zitro cabinets. “Thanks to operators like Caliente. We are grateful to them to have given us the opportunity to demonstrate the brilliance of our products, so we are eager to celebrate with them and our friends the success that will be the new cabinets and games in their rooms ”comments Johnny Viveiros Ortiz, Founder of Zitro.

ILLUSION and ALLURE are the new Zitro cabinets that standout for occupying less space in the room. While ILLUSION presents the world novelty ‘Bashiba Link’, ALLURE is loaded with two spectacular games ’88 Link Lucky Charms ’and ’88 Link Wild Duels’. As for its aesthetics, ILLUSION is a pure spectacle, with an impressive 43” full HD curved monitor, a 21.5” LCD topper and the ‘SmartDeck’ digital keypad. For its part, ALLURE is elegance and fun in equal parts with its three 27” Full HD screens and a multimedia system integrated in the upper screens that act as a sign of the next generation.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Zitro’s Illusion And Allure Arrives At Caliente Casino

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Local Authorities in Bratislava Introduce New Restrictions on Gambling

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Local authorities in Bratislava have introduced new restrictions on gambling in the Slovak capital. Changes to the National Gambling Act which came into force earlier this year have allowed municipalities to take action against the dangerous vice.

As per the latest restrictions, gambling halls can no longer operate within 200 meters of schools or other educational facilities, institutions servicing children and youth and treatment centres for non-substance addictions.

Bingo, board games, gambling machines, video game terminals, technical equipment operated directly by players, or other technical equipment used for gambling will be completely banned from use on certain dates – most notably during national holidays.

Currently, a petition for a complete ban on gambling in Bratislava is underway and it has already gathered over 100,000 signatures. In September, Matúš Vallo, mayor of the Slovak capital announced the creation of a new working group that will be communicating with citizens and civil association and trying to answer their concerns.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Local Authorities in Bratislava Introduce New Restrictions on Gambling

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BTG Launches its Millionaire Mystery Box Slot

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Big Time Gaming has launched its Millionaire Mystery Box slot exclusively with the Gaming Innovation Group’s Rizk.com online casino.

This 5-reel game has 243 different ways to win with mystery boxes thrown in. Inside the mystery boxes, you’ll discover any possible symbol, including special symbols such as the wild and scatter. Hitting the scatters will transport you into the hot seat, where you can win up to 24 free spins and a multiplier of up to 50× for the chance to win big money.

“Who Wants to Be Millionaire the TV show lends itself well to slot adaption because it already contains gambling elements coupled with the chance to win dizzying amounts of money. We retained the core elements that made Millionaire Megaways a hit, but we’ve added rich new features and a fun element of surprise. We know Rizk players are already loving it, but what would you expect from the thought leaders of modern slot development,” Nick Robinson, BTG’s CEO said.

“I’m delighted by the launch of Big Time Gaming’s newest blockbuster, Millionaire Mystery Box, exclusively on Rizk. The game has been a big hit with our players and, because it’s a household name and has excellent artwork and mechanics, it has provided some excellent marketing content. We want to extend a big thank you to Nik and all the team at BTG for coming up with another smash hit,” Ross Parkhill, Managing Director at GiG said.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: BTG Launches its Millionaire Mystery Box Slot

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