Monday, October 13, 2008

Can’t sell, so think a raffle will shift it instead?

Property Prize Draws Come Under Scrutiny

In the current market slowdown, there has been a growing trend of people offering their home as a prize in a competition in an attempt to realise its value. But a report from the Gambling Commission warns that doing this may fall foul of Section 14 of the Gambling Act 2005, and it is advising competition organisers to seek independent legal advice before going ahead.

Posted by whostolemyendowment @ 04:57 PM (368 views)
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