gambling contract

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Noun1.gambling contract - a contract whose performance by one party is contingent on the outcome of a bet; unenforceable by statute in most jurisdictions
contract - a binding agreement between two or more persons that is enforceable by law
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
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It is also interesting to note that Article 7 of the Law confirms that a qualified financial instrument will not be deemed void or unenforceable by reason of being, or having the characteristics of, a wager, lottery, gambling or gaming contract. It may be noted that the UAE Penal Code which applies in the DIFC penalises any form of gambling or wagering in the UAE.
Termination of a loss-making gaming contract with ITV and a pounds 10.6m profit on the sale of the loss-making Bet Direct arm helped arrest a worrying decline.
Sportech, parent company of Bet Direct and the Littlewoods gaming division, pulled the plug on its gaming contract with ITV, a month before the two-year break point in a five-year deal.
Aztar made some lofty promises to land the lucrative gaming contract, and so far has met all of its financial goals, including hiring about 1,300 people to help run the operation.