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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.

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Gambling News :

Yggdrasil Gaming Expanding - The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.

FanDuel and DraftKings Settle With NY Attorney General - Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.

Stan james Now Live With EPOS - The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.

Singapore Online Gambling Ban Begins - Singapore media reports indicated Tuesday that restricted online gambling services offered by the Singapore Pools have started online operations, whilst Singapore Turf Club will commence online betting activity on November 15.

Chinese police action against Crown Resorts Widens - In addition to the 18 Crown employees still held after their arrest last week, it now appears that the police questioned 87 Crown punters and junket organizers, detaining 10 of the latter.

Pennsylvania Online Gambling Updates - Pro-online gambling companies, including the Golden Nugget in New Jersey and Pokerstars, were quick to refute Schippers views based on their operational experience.

WSOPE In Czech Republic - World Series of Poker Europe 2017 has moved to King’s Casino Rozvadov (KCR) in the Czech Republic following a multi-year deal that will see KCR host numerous WSOP-branded events over the next several years.

Medialivecasino in Deal With Microgame - #Medialivecasino live dealer games have already gone live with Microgame joining content from other well-known providers NetEnt and Evolution Gaming.

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Pissed off Tabcorp shareholders - A significant number of Tabcorp shareholders, led by The Australian Shareholders Association, reportedly objected to proposed hikes in executive pay packages and were unhappy with the company plans for a merger with rival gambling group Tatts.

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