Legal News

When the stakes are high—examining the enforceability of gambling contracts

Published on: 27 September 2016
Published by: LexisPSL
  • When the stakes are high—examining the enforceability of gambling contracts
  • Can a stake in a company wagered and lost on a poker game (or similar event) be enforced, even where the offer was only made as part of a verbal contract?
  • Are there any exceptions made for those people who were intoxicated, either voluntarily/involuntarily when they made the bet?
  • What steps can the losing party take to seek to rectify the situation/avoid having to relinquish company shares?
  • What types of gambling debts are enforceable under the current legislation? Has there been any new regulation in this area recently?
  • What is the Gambling Commission suggesting in relation to vulnerable users?
  • Is there a role to play for local authorities either through licensing or general wellbeing duties?
  • Are there any other interesting trends or developments affecting gambling law at present?

Article summary

Commercial analysis: Can a stake in a company wagered and lost in a gambling contract be enforced in any circumstances and what can the losing party do in terms of damage limitation? Melanie Ellis, senior associate at Harris Hagan, provides a guide to the legislative landscape. or take a trial to read the full analysis.

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