Define: Junket

How is Junket defined in a legal contract?

• Junket means an arrangement made between a [entity] and a [entity], its aim is to encourage a person, selected or approved for participation on the basis of their ability satisfy a financial obligation related to their willingness to gamble. As part of the arrangement and in consideration for it, costs such as transportation, food, lodging, and entertainment for said person may be paid in full or in part by the [entity] facilitating the arrangement. Seen in 49 SEC filings.
• Junket means an arrangement organized to encourage certain persons, who are pre-selected or approved based on their ability to meet a certain financial obligation that relates to their willingness to gamble, to visit a certain location for the purpose of gambling. As part of the incentive, all or part of the costs such as transportation, food, or entertainment can be directly or indirectly covered by the entity facilitating the junket. Seen in 7 SEC filings.
• Junket means a specific arrangement designed to promote gambling in a licensed casino by groups of persons. Seen in 5 SEC filings.

Note: The definition of junket refers to an arrangement made with a specific intention, usually to attract a lot of gamblers to a certain place. The term can also relate to promotional activities aimed at boosting the patronage of a given casino by arranging for groups of people to visit and play in the casino. The entertainment, lodging, food, and transportation costs are generally covered by the casino as part of the junket agreement.

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of junket' yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

Junket means an arrangement initiated by an [entity] to induce selected or approved individuals, based on financial qualifications, to participate in gambling activities, fully or partially funded by the [entity].

Relevant Contract Types

• Gaming Services Agreement
• Business Partnership Agreement
• Promotion Agreement

Relevant Circumstances

• If an entity is seeking to attract high-net-worth individuals or groups for its gambling services
• If a promotional event or activity is being planned around gambling

Relevant Sectors

• Hospitality & Entertainment
• Casino Operations
• Travel and Tourism

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Genie Definition 2

Junket means a promotional activity organized by a licensed [entity] to boost patronage by enticing groups to gamble, with costs covered by the [entity].

Relevant Contract Types

• Promotional Contract
• Marketing Agreement
• Hospitality Services Contract

Relevant Circumstances

• When a casino or similar establishment is organizing a promotional activity aimed at increasing patronage
• When an entity is planning to cover costs such as transportation, food, and lodging to entice patrons to gamble

Relevant Sectors

• Entertainment and Gaming
• Marketing and Promotions
• Hospitality Management

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