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 ?
ENPNewswire-August 27, 2019--Seven Aces Limited Acquires Five Gaming Contracts From Ambaji Amusement LLC and Update on NCIB
The gaming contracts that have been acquired are fully licensed and governed by the Georgia Lottery Corporation, and offer players a variety of skill-based coinoperated amusement machines.
The Competition and Markets Authority (CMA) is concerned about whether some of these companies business practices are legal, such as their use of auto-renewals for online gaming contracts, their cancellation and refund policies, and their terms and conditions.
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.
In England, the Statute of Anne (1710) sought to constrain gambling by deeming that "all Notes, Bonds, Judgments, Bills, Mortgages, or other Securities or conveyances whatsoever" given for the payment of gambling debts were "void, frustrate, of none Effect to all Intents and Purposes." Similarly, the Gaming Act of 1845 renders gaming contracts void.
ENPNewswire-August 20, 2019--Seven Aces Limited Acquires Three Gaming Contracts from Fareast Amusement Games, LLC
In the past year, the BMJV had already had a separate study carried out on the topics of advertising via e-mail and SMS , illegal telephone advertising, text form for gaming contracts as well as warnings and jurisdiction under copyright of three scientists.