Singapore legislation
Clause 73
Clause 73
Requirements for controlled contracts
(1)
A casino operator shall not enter into or be a party to, or to the variation of, a contract that is a controlled contract in relation to that casino operator unless —
the casino operator has given notice in writing to the Authority of the details of the proposed contract or variation at least 28 days (or any shorter period approved by the Authority in a particular case or in respect of a particular class of contract) before entering into or becoming a party to it; and
the Authority has not, within that period, given notice in writing to the casino operator that the Authority objects to the proposed contract or requires further time, the further period to be specified in the notice, to conduct its investigations.
(2)
If the Authority notifies the casino operator that it requires further time to conduct its investigations, the casino operator shall not enter into the contract until the expiration of the period specified in the notice.
(3)
If the Authority notifies the casino operator that it objects to the proposed contract, the casino operator shall not enter into the contract.
(4)
The Authority may object to a proposed contract if, having regard to the circumstances, including the suitability of each party to the contract, it considers that the contract will affect the credibility, integrity and stability of casino operations.
(5)
Any casino operator who contravenes subsection (1), (2) or (3) shall be liable to disciplinary action.