In depth review looks at unclaimed winnings
A report by Don Foster MP into whether funds in abandoned betting accounts and unclaimed winnings could be used for good causes has been published today.
The review, compiled by Mr Foster after meetings with all parts of the industry was submitted to Ministers in December 2010, and has looked into how much money is abandoned in betting accounts and the legal and practical ramifications of using any funds from unclaimed winnings. Since then Ministers have been considering the recommendations set out in the report alongside the work on the policy on remote gambling.
Minister for Tourism and Heritage John Penrose said:
“This is the first time this issue has been looked at in any great detail and I’d like to thank Don Foster for all his time and hard work in compiling this excellent report, and those across the industry who have given their views. I’ve been clear that any recommendations from this report will only be considered once our proposals for remote gambling have been legislated for, which we hope to do at the earliest available opportunity.”