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UKGC confirms there is no evidence of a sustained increase in gambling activity

UKGC confirms there is ‘no evidence of a sustained increase in gambling activity’ Share The UK Gambling Commission (UKGC) has published data delving into the potential impact thatCOVID-19 lockdowns have had on gambling activity. Data from the report has demonstrated that ‘there has not been a significant or sustained increase in gambling activity since the COVID-19 pandemic began’. Breaking down the statistics in a nationally representative sample of over 3,000 adults, six in 10 said the amount they gamble had been unaffected by the COVID-19 lockdowns, with a decrease in betting activity reported by 27% and an increase reported by 13%. However, the average session length for slot gamblers did increase by one minute to 22 minutes, with around eight per cent of all sessions lasting in excess of one hour.

HSBC and First Direct increase gambling block feature on accounts to 72 hours

HSBC and First Direct increase gambling block feature on accounts to 72 hours New research has discovered a rise in online gambling during lockdown. The UK Gambling Commission has reported a rise in gambling behaviour during lockdown (Image: Getty Images) Get the latest on money saving tips and benefit changes straight to your inbox each week with our Record Money newsletter.Invalid EmailSomething went wrong, please try again later. Subscribe When you subscribe we will use the information you provide to send you these newsletters. Your information will be used in accordance with ourPrivacy Notice. Thank you for subscribingWe have more newslettersShow meSee ourprivacy notice

HSBC announces extension of gambling block feature to 72 hours

HSBC announces extension of gambling block feature to 72 hours Share April 16, 2021 HSBC UK has confirmed that the cooling off period for its gambling block feature has been extended from 24 hours to 72 hours. The announcement follows the UK Gambling Commission’s (UKGC) revelation that there has been a month-on-month increase of 29% in gross gambling yield (GGY) and a 7% increase in active accounts. Maxine Pritchard, Head of Financial Inclusion and Vulnerability at HSBC UK said: “This is a challenging time for many of our customers, with some not working and perhaps facing financial difficulty. By increasing the restriction to 72 hours, this will help give our customers time to pause when they are tempted to return to gambling.

GambleAware pushes for flexibility on deposit limits following BIT study

GambleAware pushes for flexibility on deposit limits following BIT study Share Behavioural Insights Team (BIT), urging for more operators to provide customers flexibility in setting their own deposit limits.  A BIT study, conducted on 1,700 bet365 customers, analysed whether behavioural tweaks on sign-up would impact customers’ playing habits, with a view to provide effective information on reducing player risks.  The trial set out to determine whether current ‘design of deposit limits’ influences players’ gambling behaviours, with the BIT research team judging whether the psychological effects of ‘anchoring’ played a role in player wagering habits once deposit limits were established. bet365 participants were observed signing up to three separate deposit limit variants:

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