Enquiry into Dormant Online Gambling Accounts Presented

Published Tuesday, April 05, 2011 - Online-Casinos.com

The United Kingdom is poised to make some serious changes to the way it regulates its online gambling industry. The government has been looking for ways to ensure that the people of the U.K. benefit from online gambling revenues and licensing fees. To accomplish this, an enquiry was launched into online betting accounts of resident’s in the U.K. and it revealed that there is are quite possibly millions of pounds dormant in some accounts.

It is reported some operators have made withdrawals difficult for players so the government is trying to find a method to reclaim these frozen funds and put them into programs designed to help the general public. The online gambling industry is expecting operators to change their methods in light of the information revealed. Withdrawal terms may lean more towards the side of the customer rather than the operator in the future.

John Penrose, Minister for Tourism and Heritage has received the enquiry results that were compiled by MP Don Foster who was given the task back in July of 2010. "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.” Penrose stated.
Penrose went on to say, "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," he continued, "The UK government is currently considering its response to a consultation on the Regulatory Future of Remote Gambling in the UK 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,"
The public may not look at the claiming of “dormant” funds as fair but it may benefit them in the long run if online gambling firms change their withdrawal methods and the ‘lost’ funds are used for good causes in the U.K..

 

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