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Casino Guru

Monzo: Consumer use of gambling blocking tools increases

The increase in costs of living has prompted many more people to gamble, but it's not all bad, argues Monzo, an online bank in the United Kingdom, which has taken a detailed stock of the market and noticed that consumers are increasingly turning to gambling-blocking tools to control their spending and habits. Monzo itself is a pioneer in the…

Gambling Addiction ・ 15 December 2022

Vegas Slots Online

Bank Account Gambling Block Usage on the Rise in the UK

More and more people in the UK are now using tools that block them from engaging in gambling in the midst of the cost-of-living crisis. Online bank Monzo has disclosed that about 50000 of its customers have activated a gambling block on their accounts for the very first time in the last six months. blocking 20% more gambling-related transactions in…

Gambling Addiction ・ 13 December 2022

Gambling News

Monzo’s Gambling Protection Tools Set an Example for the Banking Industry

UK-based online banking provider Monzo shared some data regarding its gambling block tool. The company was one of the first to provide a similar service, and recent reports indicate that significantly more people have been taking advantage of it. Monzo's customer-centric approach has also inspired other financial institutions to introduce similar…

Payment Methods ・ 12 December 2022

Sky News

More people turn to banking tools that block them from gambling amid cost of living crisis

Online bank Monzo revealed that it has seen 50000 of its customers make use of its gambling block tool for the first time over the past six months. This is a third more than the number of people who started using it in the previous six months. The lender also blocked 20% more transactions than it did in the prior period, it said. It added that half…

Gambling Addiction ・ 12 December 2022

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messengernewspapers.co.uk

Bank move allows customers to limit how much they spend on gambling each month

Lloyds Bank customers will be able to set personalised limits on how much they spend each month on gambling using their debit card, as part of a trial. The feature allows people using the Lloyds Bank mobile app to set a monthly debit card gambling limit of any amount to the nearest pound, when spending online, in person or over the phone. The new…

Gambling Addiction ・ 18 November 2022

Racing Post

The 'dodgy dossier' of evidence that could mislead government in gambling review

Dan Waugh of Regulus Partners, a strategic advisory business, examines the quality of the evidence on which the government will base its gambling review white paper The government is reportedly close to publishing its white paper on the reform of Britain's gambling laws and has stressed that changes to legislation will be evidence-based. The…

Incidents ・ 17 May 2022

Great Andhra

How To Stop Gambling At All

A spike in the online gambling industry in the UK in recent years proves beyond doubt the popularity of gambling nationwide. In spite of being an easily accessible method of entertainment, no one can deny the infliction of harm gambling is capable of. Even the recovery continues for a length of time which leaves a person drained. It continues to…

Gambling Addiction ・ 18 December 2021

The Motley Fool

How to help someone with gambling addiction

If you think that a friend or family member may have a gambling addiction, it can be hard to know how to approach the problem. Fortunately, no one has to face this alone. There is help available for people who are addicted to gambling, and their families. The person may become secretive, especially if they are aware there is a problem. It's likely…

Gambling Addiction ・ 09 October 2021

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Tech Guide

How to prevent gambling harm

Considering the current situation where the gambling industry in the UK is considered as one of the fastest-growing industries, it is important to acknowledge the addictive nature of gambling and with this rapid rise of the gambling industry, it is the people who are paying a price. Studies have shown almost 2 million people are at risk of going…

Gambling Addiction ・ 17 July 2021

Daily Mail Online

The deadly truth about betting: Gambling addicts are more likely to die early, research shows

The scale of Britain's gambling epidemic was laid bare today in a shocking study that linked problem betting with early death. The Oxford University research found that more than half a million Britons are spending £900 a month on their habit - and 200000 are paying out more than £1800. The study also showed the devastating impact on the health of…

Gambling Addiction ・ 05 February 2021

Forbes

The Entrepreneur Who’s Helping Gamblers To Beat Their Addiction

Battling any type of addiction can be a daunting task. For Jack Symons the addiction was gambling. While many people enjoy betting on slot games, sports events, and online casinos, problem gambling is a very real problem that affects millions of people all over the world. Having tried everything, from parental controls software to gambling-blocking…

Gambling Addiction ・ 19 January 2021