Singapore legislation
Section 110A
Section 110A
Persons required to be licensed as international market agent or international market agent representative
(1)
Subject to subsection (3), a person must not perform any of the functions of an international market agent unless that person holds a valid licence granted by the Authority to be an international market agent or an international market agent representative.
(2)
The functions of an international market agent are any of the following:
organising or conducting a casino marketing arrangement (other than a casino marketing arrangement prohibited under section 110(1));
giving chips on credit to any patron participating in a casino marketing arrangement;
such other function related to a casino marketing arrangement as may be specified in the regulations made under section 110B.
(3)
Regulations made under section 110B may specify any persons or class of persons who are not required to be licensed as an international market agent or an international market agent representative.
(4)
If, in the opinion of the Authority ––
any person, by reason of the person’s remuneration or function in relation to any casino marketing arrangement, is performing a function of an international market agent or an international market agent representative; or
the commission or other payment received by any person forms part of a series of such commission or other payments that may reasonably be considered to have been arranged for the purpose of avoiding the requirement to be licensed as an international market agent or an international market agent representative,the Authority may, by a written notice given to the person, require that person to apply for the appropriate licence within the period specified in the notice.
(5)
Any person who contravenes subsection (1) shall be guilty of an offence and shall on conviction be punished —
in the case of an individual —
for a first offence, with a fine of not less than $30,000 and not more than $300,000 and with imprisonment for a term not exceeding 4 years; and
for a second or subsequent offence, with a fine of not less than $30,000 and not more than $300,000 and with imprisonment for a term not exceeding 7 years; or
in any other case, with a fine of not less than $50,000 and not more than $500,000.
(6)
Any casino operator which allows the organisation or conduct of, or is a party to, any casino marketing arrangement with an unlicensed international market agent shall be liable to disciplinary action.
(7)
The Authority may give a direction to a casino operator to cease any further business association with —
an unlicensed international market agent; or
a person who failed to comply with a notice requiring the person to apply for a licence under subsection (4),from such date as may be specified in the direction, and any casino operator which fails to comply with such direction shall be liable to disciplinary action.