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How to Recognise and Prevent Problem Gambling

This article is about how problem gambling occurs, its early symptoms, risk factors and prevention.

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Understanding the Meaning of Gambling 

Gambling is a widespread, socially acceptable and legal activity in most cultures around the world. It can be a game of wagers on something of high value (usually money) or on the arrival of an event, the outcome of which is unpredictable and determined by chance. Different types of gambling are usually available: 

  • National Lottery; 
  • Scratch cards;
  • Internet gambling;
  • Casino games;
  • Sports betting, bingo, 
  • Slot machines and private betting.  

Gambling pathology is seen as a long-term, repeated and often increasing compulsion to gamble, which is detrimental to a person’s social life.

Wrong Signs of Gamblers’ Thinking About Gambling

It’s often a distorted understanding of the process that leads to addiction. They do not understand the risks and expect to win all the time.

 Prerequisites to addiction: 

  • The particular importance of money to the player;
  • A desire to be ahead of the competitors by all means;
  • The constant excitement of gambling;
  • An increased need for social recognition;
  • Tendency to be extra eager at work;
  • Frequent occurrence of stress-related psychosomatic illnesses.

Who Suffers More Frequently from Gambling Addiction

Pathological gambling addiction develops usually in early adolescence in males (later in females). Gambling addiction is now more common amongst men, but is increasing amongst the members of the opposite sex. Women usually start gambling at an older age than men, but they develop gambling problems more quickly. 

The Pathological Gambling Study

A study of the prevalence of pathological gambling addiction found that the lifetime and prevalence in the year preceding the study were 1.6% and 1.14% respectively among adults (5, 77 and 3.88% among teenagers respectively). It is important to note that the prevalence of pathological gambling addiction in patients with psychiatric disorders ranged from 6% to 12%.

Young people are more easily (compared to adults) involved in gambling and are more likely to have related problems. While it is illegal to gamble before the age of 18, studies have shown that nearly three quarters of teenagers have violated this requirement.

Signs of Gambling Addiction

Gambling addiction is often referred to as a hidden addiction. As the symptoms are difficult to detect. Very often the player himself does not notice any changes. In this case, close relatives should be maximally cautious. Symptoms of Addiction: 

  • The gambler’s only thoughts are of the game. He constantly analyses previous games and thinks about upcoming movies;
  • Severe mental agitation while playing;
  • Attempts to stop the game session end in failure;
  • Struggling to get money back after losing ;
  • Cessation of play causes anger and anxiety. 

Which type of Person is Prone to Gambling Addiction?

 Gambling addiction is a complex phenomenon in which many different factors come into play, but those of most importance are the following. 

Self-esteem issues 

Of particular importance is a disturbance in one’s own self-esteem, which is accompanied by a feeling of emptiness around one’s self. Initial gains reinforce a sense of self-esteem, an awareness of one’s own importance and confirm a certain degree of exceptionalism. Often, a “big score”, an easy and quick win, is the starting point for withdrawing into one’s own fantasy world. 

Interpersonal disturbances 

With the “insecure-avoidant” attachment type, children are, for example, unsure whether the person to whom they are attached is available to them. These symptoms often appear in children who have been frequently rejected. Children with this attachment type are much more susceptible to all sorts of mental disorders than children with a “confident” attachment type. 

Impaired regulation of one’s own arousal state 

The inability to regulate one’s own inner tension and arousal manifests itself, for example, in a gambler’s special and persistent anxiety. The initial motivation may be to win or succeed, to overcome boredom and monotony, or to overcome negative feelings, e.g. after a divorce or break-up. Gradually the player becomes trapped in a vicious cycle that victimises all areas of the personality. 

The player falls into a state of joyful excitement while playing and tries to find excuses and logical explanations for his uncontrolled gambling. Gradually he drifts further and further into his own fantasy world of greatness and success. The individual is alienated from his usual social circle and becomes more and more lonely.

Preventing addiction

It’s a good idea to think ahead about how susceptible you are to addiction. But even if you do realise that you can definitely avoid it. It is worth carefully reading and using the tips below:

  • Have a hobby. Don’t leave gambling as your only recreational activity;
  • Study all aspects of the game thoroughly;
  • Manage your bankroll correctly. Do not gamble with money you need to live, which leads to the fact that if you lose you will try to win them back. Such cases usually end badly;
  • Keep an eye on your fortune. If you have a good life you should just watch your changes. If life is going in complete chaos refuse at the time of gambling until things will not be fine;
  • Socialise with people. This will help to abstract and prevent unnecessary waste from loneliness;
  • Lead a healthy lifestyle.

Online Casinos For Relax

If you are well aware that the above factors are not about you. You have not found a single factor that could lead you to addiction and try to follow preventive measures. You should think about choosing a platform. 

Fairgo casino is a well-known platform in Australia, which was launched in 2017.  year. It was created by Deckmedia NV, which took care to acquire an official Curacao license. The operators always take thoughtful care of their visitors, implementing the latest features and striving to create an ideal gaming experience. They use the latest ssl encryption to ensure the security of personal data and transaction information. 

If you recognise that you are experiencing symptoms of addiction, the platform offers a Responsible Gaming feature. It will put a time limit on your stay, increase your thinking sessions, and offer professional help. 

Players from Australia have access to a great collection of games that include video poker, table games, jackpots, slot machines , hot games. The slots allow you to choose the number of reels you want to play. 

The fairgocasino bonus program offers generous offers. The most popular bonus is the welcome package. Immediately after registration a player can get 100 percent up to 200 Australian dollars . But to do so, a minimum deposit of A$20 must be met. 

Here you will be able to take advantage of a unique loyalty program. It offers exclusive vip bonuses, a dedicated agent who will be in touch with you at all times, increased cashback as well as content points. This is the currency that is used within the platform . For every 1,000 points you earn AUD$10.

Players who prefer to play anytime, anywhere can use the mobile version of fair go, which is available for all devices with android or ios software. 

Go to the official website and start playing and winning.

 

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INTRALOT announces strong EBITDA growth +29.2% y-o-y and positive Earnings after Tax at €3.1m in 1Q23

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INTRALOT SA (RIC: INLr.AT, Bloomberg: INLOT GA), an international gaming solutions and operations leader, announces its financial results for the threemonth period ended March 31st, 2023, prepared in accordance with IFRS.

OVERVIEW

  • Group Revenue at €89.5m (8.4% yoy).
  • EBITDA at €33.7m (+29.2% yoy) in 1Q23, with EBITDA margin reaching 37.7% from 26.7% in 1Q22.
  • LTM EBITDA at €130.5m, up by 6.2% vs. FY22.
  • Substantial growth in our US operations (Revenues +13.1%, EBITDA +31.6% yoy).
  • EBT in 1Q23 shaped at €10.9m vs. €2.3m in 1Q22.
  • NIATMI (Net Income After Tax and Minority Interest) at €3.1m, vs. €5.7m a year ago.
  • Operating Cash Flow at €37.2m in 1Q23 (+115.3% yoy).
  • Group Net CAPEX in 1Q23 was €7.2m.
  • Group Cash at the end of 1Q23 at €109.2m, €6.8m higher vs. Dec22.
  • Net Debt at €471.6m at the end of 1Q23, lower by €18.9m vs. Dec22 and €29.0m vs. 1Q22.
  • Net Debt/ LTM EBITDA at 3.6x in 1Q23 vs. 4.0x in FY22.

Group Headline Figures

INTRALOT Chairman & CEO Sokratis P. Kokkalis noted:

We are extremely proud of first quarter robust organic Ebitda growth of 29% and a return to Net Earnings, along with healthy cash flows and significant reduction of Group Net Leverage Ratio down to 3.6x, providing additional momentum to INTRALOT’s successful turnaround story as a result of our consistent efforts in the past few years. With healthy financials and new technical capabilities offered through next generation solutions for Lottery digital transformation, in both the retail and online worlds, we look forward to timely addressing upcoming maturities, further improving our capital structure, and implementing an ambitious plan for strong and sustainable growth in the US and key markets around the world, creating value for all stakeholders.

OVERVIEW OF RESULTS

REVENUE

Although the reported consolidated revenue posted a decrease compared to 1Q22, leading to a total revenue for the threemonth period ended March 31st, 2023, of €89.5m (8.4%), excluding the impact from the discontinuation of Malta license, underlying revenue from continuing operations increased by 17.5%.

  • From a contribution perspective, Lottery Games remain our largest contributor to Group turnover with a share of 60.4%, followed by Sports Betting with a share of 17.5%, VLTs monitoring with a share of 12.5%, Technology contracts with a share of 9.5%, and Racing with a share of 0.1%.
  • Reported consolidated revenue for the threemonth period is lower by €8.2m year over year. The main factors that drove top line performance per Business Activity are:
    • €20.4m (64.5%) from our Licensed Operations (B2C) activity line with the variance driven by:
      • Lower revenue in Malta (€21.5m) due to the license expiration early July 2022 and
      • Higher revenue in Argentina (€+1.1m or +10.9% yoy), driven by local market growth. In local currency, current year results posted a +104.5% yoy increase.
    • €+6.3m (+11.4%) from our Technology and Support Services (B2B/ B2G) activity line, with the variance driven by:
      • US operations’ increased revenue (€+4.6m or +13.1% yoy), mostly driven by the growth in Numerical and Instant games, further affected by the EUR depreciation (4.3% versus a year ago – in average terms) and
      • Higher revenue from rest jurisdictions (€+1.7m or +8.6%).
    • €+5.9m (+54.2%) from our Management (B2B/ B2G) contracts activity line with the variance driven by:
      • Strong momentum of our Turkish3 operations (€+5.8m), driven by Bilyoner’s improved performance, favored by the growth of the online market. In 1Q23, the local Sports Betting market expanded close to 2.2 times yoy. Performance in Euro terms was partially mitigated by the headwinds in Turkish lira (+28.1% Euro appreciation versus a year ago),
      • Higher revenue from our US Sports Betting contracts in Montana and Washington, D.C. (€+0.1m) and
      • Steady performance in Morocco.

GROSS GAMING REVENUE & Payout

  • Gross Gaming Revenue (GGR) concluded at €83.4m in 1Q23, posting an increase of 4.5% (or €+3.6m) year over year. The improved performance across most key regions managed to absorb the loss of sales from Malta and the higher payout ratio in Argentina (67.7% yoy on wagers from licensed operations4). 1Q23 Payout Ratio5 was higher by 3.5pps vs. 1Q22 (62.4% vs. 58.9%).

OPERATING EXPENSES & EBITDA

  • Total Operating Expenses marginally increased by €0.9m (or +3.9%) in 1Q23 (€22.7m vs. €21.8m) driven by the improved topline performance in USA and Turkey
  • Other Operating Income from continuing operations ended at €7.8m presenting an increase of 37.0% yoy (or €+2.1m).
  • EBITDA amounted to €33.7m in 1Q23, posting a doubledigit growth of 29.2% (or €+7.6m) compared to 1Q22. The main drivers underpinning this performance are attributed to the strong growth in our US operations and the boosted performance in Turkey.
  • On a yearly basis, EBITDA margin on sales climbed to 37.7%, from 26.7% in 1Q22 (+11.0pps).
  • LTM EBITDA stands at €130.5m, up by 6.2% vs. FY22.

EBT / NIATMI

  • EBT in 1Q23 amounted to €10.9m compared to €2.3m in 1Q22, largely driven by the significant EBITDA contribution, the improved results from participations and investments, the gains on net monetary position and the benefit from the lower D&A.
  • NIATMI in 1Q23 concluded at €3.1m compared to €5.7m in 1Q22.

CASH FLOW

  • Operating Cashflow in 1Q23 amounted to €37.2m, increased by €19.9m, compared to 1Q22. The positive impact arising from the higher recorded EBITDA yoy and the favorable working capital movement was partially offset by the negative variance in tax payments.
  • Net CAPEX in 1Q23 was €7.2m, higher by €2.9m compared to 1Q22, with US projects consuming most of the CAPEX needs.
  • Net Debt, as of March 31st, 2023, stood at €471.6m, decreased by €18.9m compared to December 31st, 2022. Robust cash flow generation supported the continued deleveraging, with Net Debt / EBITDA dropping to 3.6x in 1Q23, from 4.0x in Dec22. Positive gross debt movements include the capital payments towards the Term Loan in US, the lower interest accrued in comparison with Dec22 and the positive FX impact on our USD denominated debt.

OUTLOOK/RISKS

The Company Management identifies significant opportunities in the growth of the Lottery and Sports Betting online markets and the expansion of regulated ilottery markets, as well as from the recovery from the implications of the recent pandemic. Combined with the evolution of INTRALOT’s new technological solutions for Lottery digital transformation, the Company is in position to capture more technology projects with an increased profit margin compared to previous years.

World economies continue to navigate through macroeconomic uncertainties, with interest rates at high levels and relatively slow economic growth.

Increased interest rates have a direct impact on the financing servicing costs of the Intralot Group, while the outlook indicates that central banks may start to ease their monetary policy by the end of 2023.

nflation is declining more slowly than expected, having strong impact on most of the industries and regions. However, the gaming industry seems to be more resilient than other sectors of the economy, presenting above average growth in most regions.

The Management of the Company closely monitors geopolitical and economic developments and is ready to take all the necessary measures for protecting its operations.

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Gaming Innovation Group – Issue of new shares

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Gaming Innovation Group Inc. (GiG) has today issued 1,777,873 new shares of its common stock for the earn-out consideration in connection with the acquisition of Sportnco Gaming SAS (“Sportnco”), ref. GiG’s 2022 Annual Report and Exemption Document dated 13 July 2022. The earn-out consideration for Sportnco’s performance in 2022 were EUR 8,495,280 whereby 50% has been paid in cash and 50% in shares. The shares have been issued to the former shareholders of Sportnco at a share price of NOK 27.60 for a total consideration of EUR 4,247,640.

In addition, GiG has today issued 39,650 new shares of its common stock in connection with exercise of options, whereof 25,000 shares at a share price of NOK 15.00 per share and 14,650 at a share price of NOK 22.00 per share. Included are the 25,650 options exercised in April, ref announcement on 11 April 2023.

The new shares are issued by the Board of Directors under the Company’s 150,000,000 authorized shares, and the Company confirms that the new shares have been duly authorized by all necessary corporate actions and that the new shares have been fully paid and validly issued. The Company’s share capital has increased from USD 127,132,038 to USD 128,949,561, and the number of outstanding shares has increased from 127,132,038 to 128,949,561 (par value USD 1.00). In addition, a total of 2,732,950 options are outstanding as of today.

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R Franco Digital Embraces the Wild in Buffalo Park

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R Franco Digital, Spain’s leading gaming provider, is inviting players to conquer the prairies in its latest slot release, Buffalo Park.

Taking players on a 5×3 reel adventure, the game’s slick environment depicts a wild North American national park as buffalo stampede. With eagles, wolves, bears and buffaloes as the game’s iconic symbols, players must form matching combinations in the base game, while wilds appear in the form of the park’s gate and can substitute for other symbols on the board to help secure a win.

Meanwhile, national park symbols on the gameboard have a different award attached to each, including instant cash prizes and jackpot rewards. When the park ranger appears, these can be collected, massively increasing the win potential.

The free spins game is activated by landing three or more scatter symbols in the form of campfires. This activates eight free spins, made more lucrative through the rewarding national park symbols which appear frequently throughout this round.

Buffalo Park offers a high-intensity and action-packed game that underpins the studio’s dedication to consistently producing gaming content that adds value and innovation to the market, hot on the heels of the recently-released Spain-inspired Toreador.

“Inviting players to become the park ranger, our latest slot is a unique take on the North American prairies,” the Director for R Franco Digital, Javier Sacristán Franco, said. “With an emphasis on special symbols, it is a highly engaging title that captures interest from the first spin, offering the chance to win impressive prizes, substituting scatters and the exciting free spins game. R Franco Digital always aims to create unique experiences that provide a new form of entertainment and we believe we’ve certainly succeeded with Buffalo Park.”

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