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Insurance of payment of winnings

Gaming Control (General Regulation Of Licensed Gaming Premises) Regulations, reg. 16 · Revised Edition 2020

(1) To ensure the payment of winnings the licensee shall have on the licensed premises a box or some other safe deposit receptacle with the minimum amount of thirty thousand Belize dollars in cash on deposit. (2) If the deposit is diminished considerably during gaming to such a point that there would be the possibility of the licensed premises not being able to pay and honour winnings, the licensee shall ensure that the deposit is replenished immediately. The inspector shall not allow the game to continue playing where, after careful study, he is of the opinion that the Gaming Control 27 licensed premises does not have enough money to pay or honour winnings. The money collected from gaming by the licensee may be used to replenish the deposit to its usual authorized level. rooms.
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Insurance of payment of winnings — Cap. 152s03 s. 16 · Belize Law