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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.

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Gambling News :

Tom Horn Awarded Malta Gaming License - Online gambling software provider Tom Horn Gaming has been awarded a Malta Gaming Authority license that permits the company to host and manage Malta-based gaming operators.

Calvin Ayre invests in new Antigua Business Center - Ayre joined with government officials this week in a ground-breaking ceremony for a five-story centre on Antigua which will be home for the venture. The "green" building will be solar powered and provide employee-friendly services like catering, a gym and child care.

Attack of the Zombies Slot - Online gambling games developer Genesis Gaming has unveiled its latest game, with a theme based on a horror story of the undead, exploiting the current trend....and just in time for Halloween.

Why is FullFlush Poker Still Down - Its now almost a month since Full Flush Poker went offline "for a platform upgrade" and stopped communicating with its reportedly many unpaid and unhappy players. All trace of the operator - and means to communicate with it - have vanished.

Time Running Our For Pennsylvanian online gambling - Hopes that this week would see the Pennsylvanian Senate voting on an online gambling and DFS legalization bill already passed by the House four months ago dwindled Wednesday when no progress was made and the legislatures season officially closed.

Yggdrasil Gaming Expanding - The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.

FanDuel and DraftKings Settle With NY Attorney General - Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.

Stan james Now Live With EPOS - The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.

Singapore Online Gambling Ban Begins - Singapore media reports indicated Tuesday that restricted online gambling services offered by the Singapore Pools have started online operations, whilst Singapore Turf Club will commence online betting activity on November 15.

Chinese police action against Crown Resorts Widens - In addition to the 18 Crown employees still held after their arrest last week, it now appears that the police questioned 87 Crown punters and junket organizers, detaining 10 of the latter.

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