51 License to Operate a Gaming Business

(1) A Person operating or seeking to operate a Gaming Business in the State shall apply to the MDA responsible for Gaming for a License to operate.

(2) The Application for a License to operate shall be at a Fee prescribed in the Second Schedule to this Law

(3) The Application shall be in writing and shall contain such Information as deemed necessary to enable the MDA grant the License to operate.

(4) The MDA in considering an Application for the grant of a License to operate shall be satisfied that the:

(a) Applicant has sufficient knowledge and experience to conduct Gaming Business and shall conduct such Business strictly in accordance with this Law;

(b) Applicant has the necessary financial and other resources to conduct Gaming Business in the State;

(c) Applicant produces evidence of the payment of Tax for the past Three (3) years immediately preceding the Application; and

(d) Person likely to manage the Gaming Business is a fit and proper Person to do so.

(5) The MDA shall, upon being satisfied of the Applicant fulfilling the requirements in sub-section (4) (a)-(d) of this Section, grant the License.

(6) The License granted shall be renewed annually upon evidence of good conduct by the Licensee.

(7) The Fees chargeable under sub-sections (5) and (6) of this Section are as prescribed in the Second Schedule to this Law and administered by the MDA.