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(1)No contract to which this section applies shall be Void or unenforceable by reason of—
(a)section 18 of the [1845 c. 109.] Gaming Act 1845, section 1 of the [1892 c. 9.] Gaming Act 1892 or any corresponding provisions in force in Northern Ireland ; or
(b)any rule of the law of Scotland whereby a contract by way of gaming or wagering is not legally enforceable.
(2)This section applies to any contract entered into by either or each party by way of business and the making or performance of which by either party constitutes an activity which falls within paragraph 12 of Schedule 1 to this Act or would do so apart from Parts III and IV of that Schedule.
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