Security for performance of obligations by the licensee

(1) Every person to whom a licence is granted under this Act shall, for the performance by him of every obligation of whatever kind in connection with the computer wagering services, and for the payment of any fine, make a cash deposit of five hundred thousand United States dollars. (2) In case the licence holder fails to pay any wagers won by the computer users, or any tax or other sum due from him in connection with the computer wagering service, or to perform any other obligations which he is bound to perform, the Board may deduct such money from the cash deposit made by such person or may recover it from that person by such other means as the law allows.