Dormant Accounts with Unclaimed Winnings in UK

According to recent research in the UK, there are millions of pounds of winnings from online casinos simply sitting in accounts. This research is being done for the government in order to answer the queries of several betting software services. It appears that in the close future it will be possible to get into these accounts and use the money for a good cause.

Dan Foster is leading the research and the data sent to John Penrose, the Minister for Tourism and Heritage. Penrose commended Foster's hard work and stated that he would pay close attention to the report, "in the light of our work on the regulatory future of remote gambling."

According to the outcomes of the report, Penrose stated that 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." Similarly, a decision about the dormant accounts is soon to be announced.

Depending on the outcome of the report, online casinos might have to change their withdrawal terms and conditions. If customers are allowed to withdraw small amounts, casinos might lose in the long run.

With so many different parties having an interest in this issue, the debate is sure to continue indefinitely, however there is no doubt that the online casino industry will continue to develop no matter what the eventual outcome. More and more players are being attracted to online casinos as the promotions provide a multitude of opportunities. As the debate continues, betting shops in the UK will be watching out for any changes.