Abandoned Betting Accounts Could Go To Sports Clubs

Written by:
C Costigan
Published on:
Jul/26/2010

 

The United Kingdom is reviewing whether monies contained in abandoned betting accounts should go towards sports clubs in the country.  The funds would go towards improving facilities and clubs according to initial reports.

John Penrose, UK minister for Tourism and Heritage, said. “Every day thousands of people bet on the outcome of sporting events. Therefore it seems a natural fit that funds from abandoned betting accounts should be used to benefit grassroots sports projects.”

MP Don Foster, in charge of compiling the reportadded: “I’ll be meeting representatives from all parts of the industry to gain views and suggestions on how this can work. It would be great to see some local sporting facilities and initiatives getting some extra funding in these difficult financial times.”

The report will specify what accounts qualify as being “dormant”.  Punters will also be able to claim their funds provided they offer the proper documentation.

Alistair Prescott, Gambling911.com 

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