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Online Gambling Addiction & Seniors

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According to some studies, gambling addiction among the elderly is increasing! Even if, according to statistics, the largest group of casino players is ranging from 18 to 54 years. However, it seems that the older players have weak will power.

Although the efforts of charities and anti addiction bodies have been directed to younger players. These studies will lead them to look at the elderly group who appear to be at greater risk!

The most important question here is why older people become addicted to gambling? In fact, gambling addiction does not include drugs, but it is like any other addiction in motives. The addict suffers from deep social and financial disorders. Although he resorts to gambling or alcohol to relieve these pains, he suffers from more crises. This is a vicious cycle that leads to the destruction of the addict’s life!

Recent studies add a new dimension to the problem. As they have shown that lack of entertainment and weak family and social boundaries make them more interested in betting, gambling, stock exchange, forex, and all risky activities; Because it gives them excitement and fun that they lack in their daily lives.

 

Why Are the Elderly Addicted?

Although the stereotype of the senior people shows them living in ancient times and unable to use the modern tech; this is of course not true! Nowadays old people are avid users of the internet and all tech. They love all kinds of games just as much as youngsters or maybe even more!

For example, in Las Vegas casinos older people represent 1 in every 3 players. In France, 1 in every 2 players at online casinos is over 55. While in the UK, several studies show that 47% of seniors have visited casino at least once in a year.

Old studies that overlooked the gambling addiction among the elderly concluded that the game’s attraction decreases as we get older; So, children and teens are the most interested group in all kinds of games. Followed by young people. Then adults. While players over 55 years aren’t on games.

However, recent studies have shed light on a new trend. More than 30% of people between the ages of 55 and 75 gambled at least once during the current year. Surprisingly, these numbers include both men and women since it is known that women are always a safe distance from gambling addiction.

 

Not Every Old Gambler Is Addict

It is important to clarify that these numbers do not mean that every old gambler is addicted. But they do suggest the severity of gambling addiction among the elderly only.

In fact, it is very difficult to conduct a direct study to determine the percentage of gambling addicts in a society because the addict does not consider himself an “addict”. Also, it is difficult to convince him to answer all the research questions. In addition, there are a lot of other tasks that involve “gambling” even though it is not casino games. For example, trading forex, CFDs, stock exchange and others. Therefore, this matter requires social campaigns directed to this group.

 

Could Gambling Addiction Among the Elderly Become More Serious?

Gambling addiction among the elderly is a unique phenomenon in addictive psychology. Although the producers of virtual gambling games and online casinos are preparing their products to suit the younger players, they are attracting seniors more and more deeply!

With the spread of the Corona virus, this phenomenon has taken a completely new direction. At a time when no one felt safe in their life or work, the number of online casino players has increased and their bets have doubled! This means that online gambling does not provide fun just like soap operas and movies, but are an escape from life pressures.

At a time when the media was saying that the pandemic did not pose a threat to the lives of the young. It was saying that the elderly is the most likely to die from it, which is certainly immoral. Perhaps these players found an escape from all negative thoughts only in online casinos!

Taking a more extensive and in-depth look, gambling and sports betting is only a limited part of the problem! Some old person who does not gamble may have the same urges as their addicted peers, and these urges may come in the form of compulsive shopping, disordered eating, or even self-harm.

In addition, the pensions may be enough for the elderly to get an affluent life. So, they may resort to trying their luck at gambling exactly like any person with financial problems.

 

Current Efforts to Combat Gambling Addiction

Although virtual gambling addiction is a global problem, efforts to combat it remain inadequate. The UK is the most advanced country in this field, and the UK Gambling Commission has made great efforts to tackle this problem. The last decision by the commission was to adopt the GamStop service and require all UK casinos to integrate it. More info.

GamStop is a service that provides free self exclusion for players prone to gambling addiction. The period of exclusion ranges from 6 months to 5 years. During which time the player will not be able to access any of the British gambling sites. However, there is a serious loophole that undermines the effectiveness of this service which is the non UK casinos that are not on GamStop! Therefore, a new service has been launched, GameBan, which allows the player to specify the sites that he does not want to access again on all his devices. Since this app cannot be deleted afterwards, it may be effective in filling the gap of GamStop.

 

Media Responsibility

It is clear that there the media has a great influence to tackle gambling addiction among seniors.

Instead of the bad trend that seeks to devalue the elderly. The media should encourage them to participate in society and perform constructive tasks that help them and others.

We live in a tough world where everyone is looking out for their own interests and forget the others. So, it is important to maintain the positive bonds that bring us together. Dealing with the pandemic on the grounds that it does not harm young people and is only harmful to seniors was a fatal flaw! And it is a lesson for all media in professionalism and humanity as well.

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ACR POKER CROWNS DECEMBER ‘PLAYER APPRECIATION MONTH’ WITH $500,000 IN GIVEAWAYS

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Tis the season to give back to players with supersized weekly races, massive ticket drops, and the return of the Mini Online Super Series 

ACR Poker is kicking off the holiday season in style, officially crowning December as Player Appreciation Month and celebrating its community with $500,000 in giveaways, offering something for every type of player.

Throughout December, ACR Poker’s biggest weekly races – The Beast, Sit & Crush, and Blitz Beast – are getting a serious glow-up as part of Player Appreciation Month. Each week from Saturday, November 29th to Friday, January 2nd, the prizes will be supersized. There will also be a sleigh-load of free tournament tickets dropped throughout December, giving players more chances to score big without spending a dime.

And starting Wednesday, December 17th, the Mini Online Super Series (MOSS) returns to close out Player Appreciation Month. There will be a full schedule of events with buy-ins from $0 to $109 and massive guarantees offered, with the full details released soon.

“I love that ACR is turning the whole month into one big holiday party and giving players a little extra cheer,” said ACR Pro Chris Moneymaker. “Giving back to the players who make this community is a great way to wrap up the year. Alongside supersized races, ticket giveaways and the Mini Online Super Series, players should also keep an eye out for something big from ACR on December 9th during WSOP Paradise. Stay tuned.”

Whether players are grinding tournaments, splashing in cash games, or simply logging in for some holiday fun, December is shaping up to be the most wonderful time of the year at ACR Poker.

For more information about Player Appreciation Month, visit ACRPoker.eu.

The post ACR POKER CROWNS DECEMBER ‘PLAYER APPRECIATION MONTH’ WITH $500,000 IN GIVEAWAYS appeared first on European Gaming Industry News.

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INTRALOT Announces Nine Month 2025 Financial Results

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The post INTRALOT Announces Nine Month 2025 Financial Results appeared first on European Gaming Industry News.

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Kambi initiates share repurchase programme with a value of SEK 100 million

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The Board of Kambi Group plc has decided to again exercise the buyback mandate which was received at the Extraordinary General Meeting on 18 June 2025 to initiate a share repurchase programme with a total value of SEK 100 million (€9m) which will run until 20 May 2026.

In line with its capital allocation strategy and empowered by the mandate received at Kambi’s Extraordinary General Meeting on 18 June 2025 (EGM) the board of directors (Board) of Kambi Group plc (Kambi) has today initiated a share repurchase programmes with a total value of SEK 100 million (€9m).

The programme will run from the date of this announcement until 20 May 2026 and shares acquired will be cancelled at a future date. The maximum number of shares that may be acquired is 1,672,887, and the aggregate purchase price for such acquisitions shall not exceed SEK 100 million (€9m). The aggregate number of shares that may be acquired under the mandate received at Kambi’s EGM is 2,990,362, which is equivalent to 10% of Kambi’s total issued shares at the time of the EGM resolution.

The buyback programme will be carried out in accordance with the Maltese Companies Act (chapter 386 of the laws of Malta), the Nasdaq First North Growth Market Rulebook for Issuers of Shares, the EU Market Abuse Regulation (EU No 596/2014) (MAR), and Commission Delegated Regulation (EU) 2016/1052 (the Safe Harbour Regulation). The share buyback programme is intended to benefit from the share buyback safe harbour provisions set out in MAR. To this end Kambi has entered into an agreement with Carnegie Investment Bank AB (Carnegie) to execute the buyback programmes and conduct the share repurchases on Kambi’s behalf.

The acquisition of shares shall take place on one or several occasions on Nasdaq First North Growth market in Stockholm (Nasdaq First North) and Carnegie will make its trading decisions in relation to Kambi’s shares independently of and without influence by Kambi. Payments for the shares are to be made in cash.

The programme will be effected in compliance with the trading conditions set out in article 3 of the Safe Harbour Regulation. In particular, Kambi shall not, on any single trading day, purchase more than 25% of the average daily share turnover on Nasdaq First North. The average daily share turnover is calculated on the basis of the average daily trading volume during the twenty trading days preceding the respective purchase date. In addition, share repurchases under each programme shall:

  1. not be made at a price higher than the price of the last independent trade or (should this be higher) higher than the current highest independent purchase bid on Nasdaq First North, 
  1. be made at a price per share within the price interval recorded on Nasdaq First North at any given time, i.e. the interval between the highest buying price and the lowest selling price, and 
  1. not exceed or fall below the maximum and minimum ranges set out in the EGM resolution. 

At the time of this announcement, the total number of issued shares in Kambi is 29,903,619. Kambi currently holds 2,193,675 of its own shares from prior buyback programmes which will be cancelled on or shortly after 1 December and 400,000 shares held to satisfy Kambi’s future obligations arising from its employee share option programmes.

Information on completed buybacks will be publicly disclosed in accordance with Safe Harbour Regulation and will also be available on the company’s website, kambi.com.

 

The post Kambi initiates share repurchase programme with a value of SEK 100 million appeared first on European Gaming Industry News.

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