|
|
|
 |
Selling Home by Lottery Illegal Gambling, Says British Commission
LONDON, ENGLAND --
Governments are looking at all types of ways to assist homeowners stuck with mortgages that have skyrocketed beyond their means. However, one thing that apparently is out of bounds is gambling.
The United Kingdom Gambling Commission has issued warnings that homeowners conducting a lottery to sell their houses may be in violation of the Gambling Act of 2005.
Some homeowners have attempted to sell tickets for a drawing to give away the house in question. One such family, the Wilshaws, have sold 46,000 entries to their "prize competition."
The Gambling Commission says such acts may constitute illegal lotteries. It is not sure, because illegal lotteries are not clearly defined, although everyone agrees it's the Commission that enforces the law.
A statement issued by the Gambling Commission read, "Other homeowners considering such schemes are warned that promoting a lottery without an operating licence is an offence under the Gambling Act 2005. The Commission advises individuals considering or operating a scheme to consider the guidance published on our website and to take independent legal advice before proceeding."
So, schemes including taxpayer dollars being used by the billions to buy up bad mortgages are considered, but let's not have any illegal gambling going on. Great move, Britain.
Previous Gambling Law News Articles
Post A Comment
|
 |
|
|
|
