gambling contract


Also found in: Dictionary, Financial.
  • noun

Words related to gambling contract

a contract whose performance by one party is contingent on the outcome of a bet

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References in periodicals archive ?
72) However, gambling contracts authorised by the Gambling Act 2003 are now enforceable.
Manila President Benigno Aquino has accepted the explanation of the head of a gaming regulatory office who was implicated in a US case filed by a Las Vegas gambling firm accusing its former Japanese partner of bribery to gain gambling contracts in the Philippines.
This should mean that gambling contracts will be deemed to be consumer contracts in the same way that other commercial transactions are.
ignores the fact that Recommendation 26, in relation to this type of dispute, "assumes that gambling contracts will be deemed to be commercial consumer contracts", a questionable assumption which, if incorrect, may bring matters to a standstill.
Since the Gaming Act of 1845, gambling contracts have not been legally enforceable.