The advancement in information and communication technology (ICT) has undoubtedly made gaming a part and parcel of a large spectrum of the Nigerian populace. In light of this, it is clearly evident that to fail to regulate and monitor the gaming sector, is to fold our hands and watch an important and potential revenue generating sector go to waste.
The world of sport has fast become a billion-dollar entity, morphing from a mere recreational activity to a financial and economic haven. In its own right, sporting activities account for over 3.7% of the aggregate GNP of the twenty-eight EU states. It is also responsible for over 3% of world trade. It employs fifteen million people in the EU, which is about 5.4% of the entire European labor force. In December 2020, NBA superstar Giannis Antetokounmpo agreed to sign a five-year contract extension with the Milwaukee Bucks worth $228.2 million, in what is the largest deal in NBA history today . Barcelona FC conceded in January 2021 that Lionel Messi indeed earned $167 million a year on a 4-year contract he signed in 2017 .
SPORT on the other hand can be said to be an activity involving physical exertion and skill in which an individual or team competes against another or others for entertainment. Sport as a highly organized physical activity of high human intensity regulated by accepted rules and regulations which require maximum physical and mental exertion.
OVERVIEW OF THE ESSENTIAL TERMS OF PROFESSIONAL FOOTBALL PLAYER CONTRACT. Introduction According to the international governing body of football association, FIFA, from January to September…