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FOSTER REPORT ON UNCLAIMED WINNINGS SUBMITTED
Written On 4/4/11 By Lenny Wasman :
Minister Penrose to consider findings
The UK government has announced the completion of an enquiry by MP Don Foster into possibly millions of pounds sterling lying dormant in betting accounts and unclaimed winnings, the result of which was delivered this week to John Penrose, Minister for Tourism and Heritage.
Penrose tasked Foster with the enquiry last July with a view to assessing the practicality of using dormant and unclaimed winnings to improve sports facilities.
The Minister said he will now consider the findings.
“I’ll be looking at this report in detail, particularly in light of our work on the regulatory future of remote gambling to see whether we are able to make sure sporting good causes can benefit in the future,” the minister said this week.
Foster was asked to look at how cash in abandoned betting accounts and other unclaimed winnings might be used to benefit good causes.
“I’d like to thank Don for all his hard work in putting this report together and for everyone in the industry who has contributed with their views,” said Penrose.
“The UK government is currently considering its response to a consultation on the Regulatory Future of Remote Gambling in Great Britain with a view to making an announcement in due course. Any decision on dormant betting accounts and the other issues raised in Foster’s report will be made after this,” he said.
Recommendations in the study are believed to embrace how a betting account can be classed as “dormant” and clarification on any legal ramifications surrounding the use of the money. The potential legal rights of any claimants have been researched, and it is understood there could be provision for punters to reclaim their money at any time if they are able to prove their right to it.
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
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