Latest news with #onlinegambling
Bloomberg
5 days ago
- Business
- Bloomberg
DigiPlus Turns World's Worst Casino Stock on 70% E-Gaming Plunge
DigiPlus Interactive Corp. has turned from one of the world's hottest casino stocks to the absolute worst as the Philippines moves to curb online gambling. Its shares have plunged around 70% from a record high reached just last month, the worst performance among 150 globally listed gaming firms. The stock fluctuated wildly Friday after suffering its worst one-day drop in over 20 years a day earlier.
The Sun
6 days ago
- Business
- The Sun
GAMSTOP reports record registrations with 19% increase in 2025
GAMSTOP, the national self-exclusion scheme for online gambling, has reported a 19% increase in registrations in 2025, with monthly registrations breaking all previous records twice in successive months. The increase in registrations has been driven by younger consumers, aged 16-24, with self-exclusions increasing by 44% year-on-year in the first six months of the year. In April alone, 10,281 people registered - the first time monthly figures have surpassed the 10,000 mark - only for that record to be overtaken the following month, when 10,344 signed up. The single busiest day came on Monday 7 April, just two days after the Grand National, when 437 people registered for the service. 1 Four in ten of those registering are opting for the minimum six-month exclusion period - up from 36% the previous year - suggesting a shift towards using the scheme as a preventative or temporary measure. To meet growing demand and prepare for future challenges, the organisation has announced the appointment of a new chair. Chris Pond, a veteran in financial services and consumer advocacy, will take over from Jenny Watson CBE in September, following her seven-year tenure. Mr Pond brings extensive experience from the public, private and non-profit sectors. He currently chairs both the Money and Mental Health Advisory Board and the Financial Services Consumer Panel at the Financial Conduct Authority. A former MP and Work and Pensions Minister, he has also led national charities and chaired the Financial Inclusion Commission. Since launching in April 2018, nearly 600,000 people have signed up to GAMSTOP, and the appetite for self-exclusion is growing. While short-term exclusions are increasingly popular, the five-year maximum exclusion remains the most common choice overall, accounting for 47% of current registrations. Among all exclusions since the scheme began, 53% have opted for the five-year limit. Fiona Palmer, CEO of GAMSTOP, said: "Our data shows a significant spike in the number of younger consumers who are GAMstopping to manage their gambling, and this has driven the record registrations in 2025. "They are increasingly choosing six-month exclusions, which suggests that GAMSTOP is being used as a tool to allow them a break from gambling. "We have worked very hard to increase awareness of GAMSTOP amongst younger consumers and to destigmatise the use of self-exclusion. We want them to realise that GAMSTOP can be used as a preventative tool alongside other solutions, giving them breathing space to take back control'. Remember to gamble responsibly For help with a gambling problem, call the National Gambling Helpline on 0808 8020 133 or go to to be excluded from all UK-regulated gambling websites.
Malay Mail
16-07-2025
- Malay Mail
Malaysian cashier in Singapore steals over RM185,000 from minimart, blows it on online gambling
SINGAPORE, July 16 — A 37-year-old Malaysian cashier who stole close to S$57,000 (RM188,600) from a minimart in Jurong West, Singapore over six months to fuel her online gambling habit has been sentenced to 17 months' jail. Kon Chin Sia had been employed at Li Li Cheng Minimart at Block 651 Jurong West Street 61 when the offences took place between April and October 2024, Mothership reported. The store's manager initially attributed falling sales to poor business, but grew suspicious when the daily takings consistently dropped only during Kon's shifts. According to Deputy Public Prosecutor Joseph Gwee, the shortfalls ranged between S$600 and S$700 each time she was on duty. To investigate, the manager reviewed CCTV footage recorded between September 30 and October 27, 2024. He observed that after collecting payment and giving change to customers, Kon would leave the till open and transfer cash to a separate drawer beside the register. At the end of her shift, she would pocket the hidden cash and later void the transactions. When confronted, Kon admitted to the thefts, revealing that she had been taking cash from the register daily since April 2024. She would typically steal S$500 to S$600 each shift and deposit the money into her bank account via ATM. Despite being given a chance to return the stolen money, Kon failed to make any restitution. On December 20, 2024, the manager filed a police report and terminated her employment. The court heard that she had misappropriated a total of S$56,797, most of which was spent on online gambling. The prosecution noted that she 'has not made a cent of restitution'. Kon pleaded guilty to one count of criminal breach of trust and was sentenced on July 14, 2025. A second charge — for using an unlicensed gambling service — was taken into consideration. She could have faced up to 15 years in jail and a fine. However, under an amalgamated charge framed under Section 124(4) of the Criminal Procedure Code 2010, she was liable for up to double the imprisonment term.
Wall Street Journal
10-07-2025
- Business
- Wall Street Journal
Flutter to Buy Boyd Gaming's Stake in FanDuel
Flutter FLUT 1.14%increase; green up pointing triangle Entertainment is buying the remaining stake in FanDuel to take full ownership of the sports-betting platform, which is now valued at $31 billion. The online gambling company said Thursday it would pay about $1.76 billion for Boyd Gaming's 5% stake in FanDuel. The deal is expected to close in the third quarter and will be funded with debt.
South China Morning Post
09-07-2025
- Health
- South China Morning Post
In Philippines, alarming rise in online gambling addicts fuels calls for a ban
At the rehabilitation centres run by Bridges of Hope, a recovery network spread across the Philippines , founder Jon Ty is used to seeing the different faces of addiction. For years, clients came seeking help for their abuse of drugs, alcohol or painkillers. Now, most come for something else. Advertisement Today, seven in 10 clients treated across the network of centres are battling online gambling addiction – a trend that highlights a deepening crisis in the country, fuelled by a boom in mobile betting apps during the pandemic. 'There's so much enrolment into our treatment centres when it comes to gambling', with online betting addiction becoming 'an alarming national problem', Ty told This Week in Asia. While gamblers who seek treatment from Bridges of Hope come from various backgrounds, Ty is alarmed by the rising number of minors whose families come to the centres for help. 'We have seen many people, mostly the young ones in this generation, since last year, because of mobile apps that are promoting it,' Ty said. Advertisement Several lawmakers have already filed bills to regulate the country's online gambling industry just days into the new Congress, amid increasing public pressure to address the rising cases of gambling addiction, especially among minors.
