Regulation 6

For the purposes of section 49A of the Act, the casino licence fee shall be the appropriate licence fee specified in the Schedule.

The casino licence fee for the entire term of the casino licence granted to a casino operator shall be payable before the date of commencement of the licence.

If, during the term of a casino licence granted to or renewed for a casino operator (called in this regulation the first casino operator), another casino operator commences operation of another casino, the Authority may refund the first casino operator an amount computed in accordance with the formula:where Ais —

Despite paragraph (3), the Authority may refuse to refund the first casino operator under that paragraph if the first casino operator did not pay the casino licence fee specified in the Schedule to operate the only casino, or an additional amount of casino licence fee under paragraph (4).

Where there are 2 casinos in operation and one casino ceases its operation, the remaining casino operator must pay to the Authority an additional amount of casino licence fee computed in accordance with the formula:where Ais —

A part of a day is to be treated as one day in calculating the number of days for the purposes of paragraphs (3) and (4).

Any fraction of a dollar included in the amount so computed in accordance with the formula under paragraph (3) or (4) shall be rounded up to the nearest whole dollar.