Sunday, August 20, 2017

E-10: Nevada Gaming Regulators

Nevada Gaming Commission, Gaming Control Board and their Respective Responsibilities

They are the people who make sure that when you gamble, the game is fair.  The odds may be against you but the house edge won't include cheating the customer.  Their battles with organized crime are well documented but how exactly does one regulate the gambling industry in Nevada?

Saturday, August 5, 2017

E-9: Found Keno Ticket

In the movie Vegas Vacation, SPOILER ALERT, Clark gets back all the money he lost during their vacation when a dying man gives him a winning keno ticket.  The question is, can you legally claim the winnings of a bet you didn't place?

Saturday, July 15, 2017

E-8: The Lottery and Edge Radio

Lotteries, freedom of speech and the evolution of the laws regarding how they can be advertised.

Saturday, September 6, 2014

E-6: The Black Book

The infamous Black Book.  What is it really?  What does it mean to get put into it and once your in, can you get out?  Tony drops some knowledge on us.

Sunday, August 11, 2013

E-5: Gambling Debt 101

Statute of Anne (1710)
o   Any money lent to someone with the known purpose that it was to be used for gambling was held as void and unenforceable.
o   Gambling debt is considered a contract and treated like a contract for prostitution. The court will leave the parties where it finds them and will automatically dismiss every claim.

Gambling Debts
o   Lawsuits brought in the state where the bet was made
§  The common route is to get a judgment in the state in which the debt occurred and then go after the debt via the federal Full Faith & Credit clause of the constitution.
o   Lawsuits brought in a different state from where the bet was made
§  Usually, but not guaranteed, a casino can bring a lawsuit against the patron for their gambling debt in the state where he/she lives.
§  Not so if the court deems gambling to be so against local public policy that it chooses not to hear the case.
§  Due to the popularity of lottery and bingo, it’s realistically quite difficult to find a court that would oppose gambling on public policy grounds.

Unenforceable Debt
o   Any debt incurred for the purpose of making an illegal bet.
§  Includes: Bets to bookies, checks written at home poker games, etc
o   Any debt incurred for making legal bets outside a legislatively authorized format.

Enforceable Debt
o   Those which have been deemed legal by statutory amendment to common law.

Sunday, June 16, 2013

E-4: Defining What Is/Isn't Gambling Part 2


·       Elements (& Legal definitions) of Gambling: Prize, Chance & Consideration.

  • Things generally recognized as gambling…

o   Poker
o   Pyramid Schemes

  • Things NOT generally recognized as gambling…

o   Futures betting
o   Day trading
o   Multi-Level Marketing
o   Insurance policies
o   Auction