Debt at Online Casino Blamed on Credit Cards
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11 May 2024
The Debt Advisor is the latest organization in Britain to warn the public against the dangers of gambling at online casino. Citing the use of credit cards as a specific threat, the debt advice group warned of increased debt problems in the United Kingdom as a result of compulsive gambling at online casinos. The group claims regular contact with people owing large sums of money to online casinos, often over one hundred thousand pounds sterling.
According to the Debt Advisor, these debts are attributed to the cashless culture operating at online casinos. The Debt Advisor reports that credit cards allow for uninterrupted play, resulting in an undisciplined player quickly reaching his credit limit. While many online casinos have staff trained to recognize compulsive gambling behaviors, some are accused of turning a blind eye to gambling addiction. The result, says the organization, can lead to relationship problems, conflict with employers and depression.
However, many online casinos have been quick to point out that they are just as concerned about gambling addiction as social action groups. In the U.S., several online casinos got behind Gambling Awareness Week recently to show their support for initiatives designed to reduce gambling related problems. Similarly, the proceeds from a high profile skiing race between Empire Online and Party Gaming chief executives to take place next month have been earmarked for a charity that works in rehabilitating gambling addicts.
The Debt Advisor is the latest organization in Britain to warn the public against the dangers of gambling at online casino. Citing the use of credit cards as a specific threat, the debt advice group warned of increased debt problems in the United Kingdom as a result of compulsive gambling at online casinos. The group claims regular contact with people owing large sums of money to online casinos, often over one hundred thousand pounds sterling.
According to the Debt Advisor, these debts are attributed to the cashless culture operating at online casinos. The Debt Advisor reports that credit cards allow for uninterrupted play, resulting in an undisciplined player quickly reaching his credit limit. While many online casinos have staff trained to recognize compulsive gambling behaviors, some are accused of turning a blind eye to gambling addiction. The result, says the organization, can lead to relationship problems, conflict with employers and depression.
However, many online casinos have been quick to point out that they are just as concerned about gambling addiction as social action groups. In the U.S., several online casinos got behind Gambling Awareness Week recently to show their support for initiatives designed to reduce gambling related problems. Similarly, the proceeds from a high profile skiing race between Empire Online and Party Gaming chief executives to take place next month have been earmarked for a charity that works in rehabilitating gambling addicts.
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