Connect with us
Prague Gaming & TECH Summit 2024

Press Releases

Over half of UK gamblers view betting funds differently to money in their bank accounts, new research reveals

Published

on

over-half-of-uk-gamblers-view-betting-funds-differently-to-money-in-their-bank-accounts,-new-research-reveals
Reading Time: 2 minutes

 

During Safer Gambling Week, BetMGM reveals data that highlights UK gambling and betting habits

Over half of UK gamblers view the money in their accounts with betting websites as different to the money in their bank account, new research from BetMGM can reveal.

To mark Safer Gambling Week in the UK, BetMGM surveyed UK residents who have placed a bet or gambled within the last 12 months, with 51% of them saying they see money in gambling accounts differently to their personal funds. Despite the money holding the same value no matter where it is held, the research highlights that there is an innate awareness of its true value.

Advertisement

Further highlighting this and the need for greater education and awareness around gambling, 19% admitted they usually or always chase their gambling losses, while 14% do not view their winnings as ‘real money’.

However, there is a positive trend among younger players, with those aged between 18-34 more likely (92%) to put a monetary restriction on their betting to ensure their safety.

BetMGM is committed to promoting safer gambling and providing an experience which is safe and enjoyable for all players – and undertook this research to educate the public about gambling habits and how to stay responsible while betting.

Sam Behar, UK Director at BetMGM, said: “The industry has come on leaps and bounds in the past decade – we know so much more about responsible gambling and everyone at BetMGM is devoted to ensuring our customers play safely.

“We’re a huge supporter of Safer Gambling Week but it is something that is core to our business throughout the year.

Advertisement

“We’re delighted to see the growing use of responsible gambling with younger players throughout the UK, but there is always more that can be done. We are striving to improve and introduce new methods to help potential problem gamblers.

“To those who have admitted chasing their losses and those who view the funds in their betting accounts as different to that of their bank accounts, we implore them to see that money as having real-world value.”

BetMGM has tools in place to support players who are feeling uncomfortable about their gambling, including human customer support available 24/7.

Also in place are deposit, loss, session and wagering limits, self-exclusion and ad-limiting tools as well as access to services like therapy, support groups and financial blocks.

Key findings from the report include:

Advertisement
  • 51% of UK gamblers view the money in their gambling accounts as different from that in their bank accounts
  • 92% of players 18-24 put monetary restrictions on their gambling
  • 46% put money won from gambling into their savings
  • 26% use gambling winnings to place another bet straight away
  • 19% always or usually chase their gambling losses

For more information on safer gambling, please visit betmgm.co.uk/safer-gambling or the Safer Gambling Week website at safergamblinguk.org. You can also call the UK’s National Gambling Helpline on 0808 8020 133.”

Continue Reading
Advertisement
1 Comment

1 Comment

  1. Zeytinburnu Nakliye

    November 18, 2023 at 5:51 pm

    Hi this is somewhat of off topic but I was wondering if blogs use WYSIWYG
    editors or if you have to manually code with HTML.
    I’m starting a blog soon but have no coding expertise
    so I wanted to get guidance from someone with experience.
    Any help would be enormously appreciated!

Leave a Reply

Your email address will not be published. Required fields are marked *

partnership

SIS sponsors Confraternity Cup on Caribbean Classic day at Hipódromo Presidente Remón Racecourse

Published

on

sis-sponsors-confraternity-cup-on-caribbean-classic-day-at-hipodromo-presidente-remon-racecourse

SIS (Sports Information Services), the leading multi-content supplier of 24/7 live betting services, will sponsor the $100,000 Copa Confraternidad del Caribe on the Clásico Internacional del Caribe race day, the annual Caribbean nations thoroughbred championship day, held on December 10th at Hipódromo Presidente Remón in Panama City, Panama.

The Clásico day attracts the leading horses from Panama, Venezuela, Mexico, Puerto Rico, Colombia, Ecuador, and the Dominican Republic competing for more than $800,000 in prize money across six Grade 1 races.

The Grade 1 Copa Confraternidad del Caribe is the second most important race in the Caribbean series, which sees horses aged three and over run on the dirt over 1¼ miles.

The Clásico del Caribe (Caribbean Derby) for 3-year-olds is one of the region’s most revered races, where winning brings national pride and prestige. Panama leads the member nations with 15 winners, while Venezuela and Mexico are tied with 14 each in the 56-year history. Last year’s running held at Hipódromo La Rinconada in Caracas was won by Iniesta, who was an unbeaten colt from Mexico.

The host venue rotates between nations each year with Panama hosting for the first time since 2015. Founded in 1956, Hipódromo Presidente Remón is rich in history and is home to the famous Laffit Pincay Jr. Technical Jockey Training Academy, known as the “cradle of the best jockeys in the world.”

Advertisement

Top jockeys will ride on the card, including Irad Ortiz, Luis Sáez, Ricardo Santana, Paco Lopez, and Javier Castellano. Together, they have accumulated over $100 million in prize money this year. The legendary Laffit Pincay Jr. will be an honorary guest.

All international racing content supplied by SIS is made available as an end-to-end solution, with round-the-clock betting events incorporating live-streamed pictures, data, on-screen graphics with betting triggers, and an extensive range of markets and prices.

SIS delivers more than 35,000 live horse racing events annually, including over 150 race days from Panama and premium races from Argentina, Chile, Mexico, and Uruguay.

Michele Fischer, Vice President at SIS Content Services, said: “The Clásico del Caribe day is one of the biggest events on the Caribbean calendar, and its return to Panama this year promises to create an electric atmosphere. We are pleased to enhance our commitment to global racing by supporting this multinational race day.”

Carlos Alberto de Oliveira, Jr., COO at Hipódromo Presidente Remón Racecourse, said: “We are pleased to share the excitement of this year’s prestigious Clásico del Caribe in Panama.

Advertisement

“On this occasion, we will be awarding over $1,000,000.00 in prizes across 28 races, including 6 International Grade 1 Classics. Additionally on Saturday, we will be celebrating Mother’s Day Classics and Laffit Pincay Jr., along with the debut of students from our jockey technical academy, known as “the cradle of the best jockeys in the world.”

“It is an honor to have the ongoing support of SIS, our valuable partner, playing a key role in one of the most significant days in the Caribbean racing calendar. We deeply appreciate your support, which not only extends our horse racing to over 50 countries but also opens the door to future expansions.”

Continue Reading

Press Releases

Hipther Expands Strategic Media Coverage in the Gaming Industry

Published

on

hipther-expands-strategic-media-coverage-in-the-gaming-industry
Reading Time: 2 minutes

 

Hipther Agency, the One-stop Agency and Event Organizer for multiple cutting-edge industries including Gaming and Technology, launches Monthly Online Magazine “Gaming Pulse” covering Europe and the Americas, and the “European Gaming MidWeek NewsWire” on LinkedIn.

This strategic expansion comes as a natural next step in Hipther’s successful multi-year and multi-faceted media presence in the global Gaming industry.

Gaming Pulse, Hipther’s new Monthly Online Magazine, will be bringing the dynamic rhythm of the industry to your devices curating worldwide news, trends, influential interviews and insights from Hipther’s staple publications for Europe and the Americas, the European Gaming Media and Gaming Americas, respectively. The Gaming Pulse comes in a seamless, sleek and user-friendly flipbook publication featuring premium content for an exciting reading experience that will become your monthly habit!

Advertisement

The European Gaming MidWeek NewsWire is the popular Newsletter of Hipther’s European Gaming Media boasting thousands of loyal subscribers, now making a powerful entrance into LinkedIn’s dynamic landscape. Gaming professionals will be able to explore top gaming news: key interviews, strategic partnerships, and industry updates, all in one LinkedIn Newsletter as part of their everyday social media experience.

Hipther’s curated publications aim to offer focused, quality content as well as timely and credible information to gaming professionals, while maximizing online exposure for the industry. Zoltán Tűndik, Co-founder and Head of Business at Hipther, emphasized the significance of the new additions:

“We are thrilled to announce the launch of the digital GamingPulse, a bold step forward from our cherished printed magazine that graced the industry from 2016 to 2018. Embracing digitalization isn’t just a nod to technological advancement; it’s a commitment to sustainability, ensuring that our love for industry doesn’t cost the earth. The digital magazine allows us to deliver the most current insights and updates with the agility and interactivity that our readers deserve. Furthermore, we’re excited to transform our weekly newsletter, taking it from email to LinkedIn. This move isn’t just about changing platforms; it’s about fostering a more engaged and interactive community. By being where our readers are, we aim to create a vibrant space for dialogue, networking, and shared passion for the iGaming industry.”

Hipther Agency has been a trailblazer in connecting companies with their target audience through extensive networking and publishing opportunities worldwide. With a legacy of over 16 years, we remain dedicated to providing unparalleled experiences in gaming and across technology industries.

As Hipther continues to shape the gaming media landscape, this strategic expansion marks another milestone in our commitment to delivering valuable and impactful content. We invite gaming professionals, enthusiasts, and industry stakeholders to join us on this exciting journey with Gaming Pulse and the European Gaming MidWeek NewsWire!

Advertisement

→ Never miss a beat – Subscribe & Stay in tune with the Gaming Pulse

→ Subscribe to the European Gaming MidWeek NewsWire on LinkedIn

 

Continue Reading

Press Releases

HappyHour Welcomes Patrick Soric as Investment & Portfolio Partner

Published

on

happyhour-welcomes-patrick-soric-as-investment-&-portfolio-partner
Reading Time: < 1 minute

HappyHour.io, a leading investor in the iGaming space, is delighted to announce the appointment of Patrick Soric as Investment & Portfolio Partner. With an extensive background in the banking sector, Patrick brings a wealth of experience that will play a pivotal role in steering HappyHour towards expansion goals.

Patrick Soric joins the HappyHour team with a distinguished career in Investment Banking, where he has consistently demonstrated his ability to navigate the complexities of the financial landscape and build strong relationships with leading players in private equity. As Investment & Portfolio Partner, Patrick will leverage his expertise to enhance HappyHour’s investment strategies and contribute to the overall success of the organisation.

“I am thrilled to join the HappyHour family and look forward to collaborating with my talented colleagues,” said Patrick Soric.

Robin Reed, Managing Partner at HappyHour, expressed enthusiasm about Patrick’s addition to the team. “We are delighted to welcome Patrick to the HappyHour team. His extensive experience in investment banking aligns with our vision for the future. Patrick’s expertise and commitment to excellence will undoubtedly enhance our capabilities as we continue to grow and evolve.”

Advertisement

Patrick Soric’s appointment comes at a significant juncture for HappyHour.io, as the firm expands its portfolio in 2024. His expertise and leadership will play a crucial role in shaping the company’s investment and portfolio strategies, driving innovation, and ensuring the delivery of exceptional value to HappyHour’s partners and shareholders.

Continue Reading

Trending

Get it on Google Play

Offering comprehensive coverage on all aspects of the gaming sector, our daily posts include online and land-based gaming, betting, esports, regulatory and compliance updates, and technological advancements. Regular features encompass daily news articles, press releases, exclusive interviews, and insightful event reports.

The platform also hosts industry-relevant webinars, and provides detailed reports, making it a one-stop resource for anyone seeking information about operators, suppliers, regulators, and professional services in the European gaming market. The portal's primary goal is to keep its extensive reader base updated on the latest happenings, trends, and developments within the gaming and gambling sector, with an emphasis on the European market while also covering pertinent global news. It's an indispensable resource for gaming professionals, operators, and enthusiasts alike.

Contact us: [email protected]

Editorial / PR Submissions: [email protected]

Copyright © 2015 - 2023 - Gaming News Room is part of HIPTHER Agency. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania