One in six London managers spends more than £500 per month gambling
HR Editorial, December 05, 2011
In the wake of the UK’s largest casino opening at Westfield Stratford City on Thursday last week, one in three (32%) London professionals admit visiting casinos at least once every two months, according to LondonlovesBusiness.
The research, which polled 500 middle managers, reveals despite the threat of the looming ‘double dip’ recession, one in six (17%) London managers admit to spending more than £500 a month on gambling.
Women are visiting casinos almost as frequently as men with one in five (20%) female managers visiting a casino once a month or more as opposed to their male colleagues (25%). Female professionals are also happier to spend more with nearly a fifth (17%) of women spending at least £500 per month on gambling, compared to that of men (16%).
London’s youngest professionals are frequenting casinos and spending the most, suggesting that visiting casinos is still seen as a stylish experience. One in two 18-24 year-olds visit a casino at least once every two months spending £421 per month on gambling – almost seven times more than those aged 55+ who only spend £61 on gambling per month.
Sophie Hobson, editor of LondonlovesBusiness.com said: “It’s no secret young professionals work hard and play hard in London. The research clearly indicates that casinos are still seen as a fun, desirable place to be, perhaps to relieve the stress of intensive professional environments. It’s interesting to see women taking the lead by frequenting casinos almost as much as men and even spending more money. But the £500 a month being spent by one in six London managers raises alarming questions about how healthy gambling habits in the capital are.”