« More Techcentralstation | Main | Housing Lunacy »

May 15, 2004

Gambling Debts

An interesting little piece in the Telegraph One of the companies that runs casinos in London is having a little trouble collecting from those who lose while gambling on credit. Throws up two oddities about English law on such things. First, you don't pay tax on your winnings ( if there are any of course ) and second, gambling debts cannot be litigated. Yup, as far as the law is concerned the casino can just whistle for its money.

May 15, 2004 in Taxes | Permalink


TrackBack URL for this entry:

Listed below are links to weblogs that reference Gambling Debts:


I would fear for my kneecaps though.

Posted by: Dave | May 15, 2004 10:44:12 PM

Just a question.
Are we saying here that, if you have a gambling debt even with a reputable firm (ie Hills or on line sporting odds) they cannot legally do anything if you do not pay up?

Posted by: Mezz | Feb 3, 2006 8:18:37 PM