Gaming Contract


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Gaming Contract

A contract in which participants agree to play a game of chance. For example, if two friends make a bet on who will win the World Series, they have entered a gaming contract and the loser is obliged to pay the winner the agreed-upon amount. However, a gaming contract may not be enforceable in a jurisdiction where gambling is illegal.
References in periodicals archive ?
She said the main targets of her criticism of "inside deals" have been proposals to award slot machine gaming contracts to racetracks in the state, in what she said would be a circumvention of competitive bidding.
The lottery later asked retailers to voluntarily amend their existing video gaming contracts, reducing commission rates in exchange for expanding the game selection to include numerous slot machine variations.
Similarly, the Gaming Act of 1845 renders gaming contracts void.
Ellis Gaming also has international gaming contracts in Europe and Asia, as well as additional tribal gaming contracts throughout the United States and Canada.
Michael Lai, Executive Vice-President and CEO-Asia of IGF, hinted that the process was expedited weeks ahead of schedule because of his advancing negotiations with the two largest Asian gaming organizations for exclusive online gaming contracts.