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South Dakota Bet Debt Obligations
2/25/10 - South Dakota legislators have drafted an amendment designed to close a loophole which has complicated debt repayment obligations in the state. The change follows a court case where a local man avoided repaying a $33 000 debt on the grounds that he once lost $1 500 to the lender in a card game.
Associated Press reports that the amendment is currently on its way to the state governor's desk for final approval, and that it seeks to close a loophole that if a debt stems from illegal gambling, either in part or in whole, then the whole debt is void.
The amendment proposes that only the illegal portion of such debt should be invalid.
Senator Mike Vehle said that the amendment would not affect the case which triggered the need for change. Back in November, the state Supreme Court reinstated a jury's 2007 finding that the loan included consideration of a gambling debt that since deceased Donald L. Davis made to businessman Gerald Neve.
Court documents indicate that the two Sioux Falls men met in the early 1990s as members of the Elks Club, where they gambled in card games. Neve said he lost $1 500 to Davis one evening in 1992 and that Davis said they would work something out, according to the court documents.
Neve said Davis subsequently loaned him $33 000 in September 1993 and that it included consideration of the earlier gambling debt. Neve had financial troubles at the time and owed money for business expenses, medical expenses and taxes.
In 2005, Neve sought a court order to have the promissory note declared invalid.
Davis died after the appeal was filed and Neve settled with Davis' estate, but the high court still ruled on the legal issues.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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