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 ?
Imad Nahas, a lawyer who holds a doctorate in gaming contracts and betting from French law school Paris II Pantheon-Assas said some strong indications pointed to a series of manipulations in the results of several low-tier leagues across a number of different sports.
Through the presentation of cases and some other materials, chapters address gambling, public policy, and regulatory models; fundamentals of regulatory oversight of casino gambling; casino licensing, gaming contracts, exclusions and problem gambling; casino crimes and advantage play; ethical issues and duties in the gaming world; history and pre-statutory development of Native American gambling; federal gaming law; Internet gambling; legal restrictions on gaming advertising; sports betting and poker; pari-mutuel gaming; and lotteries.
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.