Skip to content
In forceAmended2020 Revised Edition

Part 4 · Supervision and Control of Casino Operators

65. Control of substantial shareholdings in casino operator

Feedback & support
Amended

Last amended by an amending law of 2024. 2 amendments in all.

(1)

A person must not, on or after the relevant date in relation to a casino operator —

(a)

become a substantial shareholder of that casino operator; or

(b)

enter into any agreement or arrangement, whether oral or in writing and whether express or implied, to act together with any other person with respect to the acquisition, holding or disposal of, or the exercise of rights in relation to, their interests in voting shares of an aggregate of 5% or more of the total votes attached to all voting shares in that casino operator, without first obtaining the approval of the Authority.

(2)

Subject to section 67(4), a person who —

(a)

immediately before the relevant date in relation to a casino operator, is a substantial shareholder of that casino operator must not continue to be such a shareholder unless the person has, within 6 months after the relevant date or such longer period as the Authority may allow, applied to the Authority for approval to continue to be such a shareholder; or

(b)

at any time before the relevant date, has entered into any agreement or arrangement referred to in subsection (1)(b) must not continue to be a party to such an agreement or arrangement unless the person has, within 6 months after the relevant date or such longer period as the Authority may allow, applied to the Authority for approval to continue to be a party to such an agreement or arrangement.

Report

Part 5

Special Employees

Part 6

Casino Operations

Part 7

Minors

Part 8

Casino Internal Controls

Part 9

Casino Tax

Part 10

National Council on Problem Gambling

Part 10A

Casino Advertising and Responsible Gambling

Part 11

General Offences

Part 12

Enforcement Powers and Proceedings

Part 13

Miscellaneous

Schedules