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Finnish Bank Makes Claims Against Gambling

Giving an example of media coverage and claims unsupported by facts this week, the Finnish website YLE.fi claimed that online gambling may be surpassing unemployment as a common cause of private financial difficulties.
 
It quotes a bank official from Nordea Bank who claims that clients are defaulting on mortgage payments because of an online gambling habit, but does not provide facts backing his assertion. Tarja Svartström, a private financal affairs economist at Nordea Bank says it is a new phenomenon, and that excessive non-gambling credit in addition to the proliferation of online gambling sites accessed by Finnish gamblers have proved to be a devastating combination for people with a gambling addiction.
 
"We are seeing the gambling phenomenon in people not paying their home loan installments, or paying them late", said Svartstrom. "In contrast, unemployment does not at all seem to be such a phenomenon."
 
The problem is also being seen in the number of people contracting new bank loans to pay off outstanding loans. In extreme cases, some people who have lost their jobs in the recession have turned to online gambling in the hope of paying off home loans, Svartstrom claims, again without substantiating his statement. 

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"People can't pay their loans because they gamble. On the other hand, it can be that when it looks like someone is getting into financial difficulties, he or she tries to manage loans by gambling," the economist notes.
 
Kati Rantala, a special researcher at Finland's National Research Institute of Legal Policy says - also without producing any statistics - that addictions in general are behind many private financial problems and they have increased over the past couple of years, including more addiction to gambling.
 
A more objective report appeared in Examiner.com at http://www.examiner.com:80/x-1607-Online-Poker-Examiner~y2009m5d25-Online-poker-does-not-contribute-to-Problem-Gamblers this week, where an article by Steven Ruddock takes a look at claims by notoriously anti-online gambling groups and the careful choice of semantics by the National Gambling Impact Study and contrasts these with factual statistics from scientific studies.
 
Ruddock observes that there is a mountain of evidence showing online gambling (and poker in particular) does not increase the number of problem gamblers...and goes on to show where that evidence can be found. Among his arguments is a reference to the UK Gambling Commission's regular "British Gambling Prevalence Surveys", which continue to show a low incidence of addictive gambling in the online secor.
 
The author also makes some interesting disclosures regarding the composition of the National Gambling Impact Study's board members and the danger of bias this may constitute.

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Iforium In Partnership With Booming Games - Iforium, the leading provider of casino aggregation software, are pleased to announce a new agreement with Booming Games

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NHL Odds: Lone Canadian Team Plays on Friday - “Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.

NBA Odds: Will Cavaliers Be Rusty in Game 1? - The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.

4 New Microgaming Releases in May 2017 - Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.

PKR Company Statement Update - Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.

Microgaming Wins The Spark Award 2017 - The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.

NHL Predators First Ever Conference Finals Appearance - With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.

NBA Odds: Wizards-Celtics at the Garden - The Washington Wizards are making this a series. They’ve won back-to-back games against the Boston Celtics to knot this second-round matchup at 2-2 with Game 5 at the Garden on Wednesday. TNT has the coverage starting at 8 PM ET.

A Night With Cleo Pays $180K Progressive Jackpot - We’d like to give a shout out to Juan S. from Texas for joining Bovada on a high note on Thursday May 4.

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