Form and conditions of licence

(1) A licence granted by the Board to a licensee to operate any licensed premises shall be in the form set out in the Second Schedule hereto and shall be granted subject to such terms and conditions as the Board may think fit to impose. Second Schedule. 22 Gaming Control (2) Any licence granted by the Board under the Act shall specify the name of the licensee, and of the hotel where the operation of a gaming room is thereby authorized, and it shall be a condition of such a licence that no person other than the licensee and his employees shall operate a gaming room in respect of that licence, nor shall such gaming room be located at a place other than the place specified in the licence. (3) Where the licensee is a company, association, body of persons whether corporate or incorporate, or some other legal person, it shall be a condition of the licence that any transfer or assignment by whatever name called of any shares or other rights in such an entity shall not be effected without the prior written approval of the Board. (4) Failure to obtain the prior written approval of the Board for an assignment or transfer referred to in subregulation (3) above, or any concealment of the true owner of the licensed gaming premises or of any shares or other form of participation in the ownership thereof shall be an offence, and upon conviction the licence issued in respect of such licensed gaming premises shall stand revoked.