Conditions of licence

(1) The authorisation conferred by a licence shall be subject to such conditions as are specified in the licence. (2) The conditions of a licence shall include a condition prohibiting the holder of the licence from accepting bets from any person resident in Belize. (3) The conditions of a licence may include conditions requiring the holder of the licence– (a) to provide such security (real or personal or both), and to maintain such deposits and 254 Gaming Control reserves, as are specified in or determined in accordance with the Licence for the payment of debts arising out of online gaming conducted by it; (b) to notify the Committee forthwith if it realizes or calls upon any such security or draws on any such deposits or reserves (including any new or substituted security, deposits or reserves provided under paragraph (c); and (c) in the case mentioned in paragraph (b), to comply with any directions of the Committee as to the provision of substituted security, deposits or reserves. (4) If a condition of a licence is contravened, the holder of the licence commits an offence.