4. Advancing money for conducting business of common betting house
Feedback & supportAny person who advances or furnishes money for the purpose of establishing or conducting the business of a common betting house shall be guilty of an offence and shall be liable on conviction to a fine of not less than $10,000 and not more than $100,000 and shall also be punished with imprisonment for a term not exceeding 5 years.
common betting house
“common betting house” means —(a)any place kept or used for betting or wagering on any event or contingency of or relating to any horse‑race or other sporting event to which the public or any class of the public has or may have access;(b)any place kept or used for habitual betting or wagering on any such event or contingency as aforesaid, whether the public has, or may have, access thereto or not; and(c)any place used by a bookmaker for the purpose of receiving or negotiating bets or wagers on any such event or contingency as aforesaid whether the bets or wagers reach the bookmaker by the hand of the person placing the bet or his agent or the bookmaker’s agent or through the telephone or by post or by telegram or by any other means;