real money casino slots HSBC UK has decided to extend its cooling-off period that

real money casino slots HSBC UK has decided to extend its cooling-off period that

real money casino slots HSBC UK has decided to extend its cooling-off period that prohibits gamblers who have been playing excessively from using money on gambling products with the period now 72 hours from previously 24 hours..The news follows an announcement by the UK Gambling Commission, the country’s regulator, that the overall gross gaming yield from gambling products has increased by 29% and there has been a 7% increase in the number of active accounts, pointing to heightened activity amid the pandemic..HSBC was one of the first financial institutions in the world and the United Kingdom to introduce bans on the use of credit cards for the purposes of gambling. The bank began working actively in addressing problem gambling in 2019 and has collaborated with government representatives as well as the regulator..Commenting on the latest decision, HSBC UK Head of Financial Inclusion and Vulnerability Maxine Pritchard said that the bank was aware by the challenges faced by customers and it sought to actively alleviate these problems..Bumping the restriction to 72 hours will help customers take the time necessary to walk away from gambling and not be as tempted to play, she said.

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