Requirements For Various Licenses
CASINO LICENCE
- letter of application.
- It is pertinent that during the currency of a casino licence, other than temporary casino licence the licensee shall maintain a hotel (currently with at least 50 rooms) on the licensed premises, of such size and standard as specified in the licence.
- Building plans which indicate the following:
- The casino area where the slot machines and gaming tables would be located.
- Toilets for the male and female punters for the casino only
- Security positions i.e security systems, strong rooms and vaults
- Bar positions
- Fire escapes
- Any other details that might be included for the casino area.
- The beneficial owners and associates, proprietors/shareholders and directors’ credentials including a vetted set of fingerprints for each person together with clearance by the Financial Clearing Bureau.
- Applicable documentation: –
- A comprehensive business plan demonstrating viability including cashflow projections
- Certificate of Incorporation
- Memorandum and Articles of Association (with one of the objects that states that the company can carry out casino business).
- List of all beneficial owners and associates, proprietors and shareholding including copy of companies form CR14.
- Casino experience should be given, if any
- Financial position evidencing concrete capacity to acquire the compliant casino devices and pay prizes including jackpots [Audited financial statements (to enable the Board to determine solvency, liquidity, capital adequacy and other prudential measures) and six months current bank statements or a bank guarantee for not less than fifty thousand United States of America dollars (US$50 000) or equivalent covering exposure to sundry punters for prizes and jackpots].
- A mandatory approval of gaming device by the board will take place in due course upon receipt of suitable letter of invitation to inspect the device at source.
- Remit the prescribed/statutory application fee in due course
When all the above requirements have been considered and approved, the enabling documents shall be issued.
- letter of application.
- Building plans which indicate the following:
- The gaming area should clearly indicate where the slot machines would be located.
- Toilets for the male and female punters.
- Security positions i.e security systems, strong rooms and vaults.
- Fire escapes
- Any other details that might be included for the gaming area.
- The beneficial owners and associates, proprietors/shareholders and directors’ credentials including a vetted set of fingerprints for each person together with clearance by the Financial Clearing Bureau.
- Applicable documentation: –
- A comprehensive business plan demonstrating viability including cashflow projections
- Financial position evidencing concrete capacity to acquire the gaming devices and pay prizes including jackpots [Audited financial statements (to enable the Board to determine solvency, liquidity, capital adequacy and other prudential measures) and six months current bank statements or a bank guarantee for not less than fifty thousand United States of America dollars (US$50 000) or equivalent covering exposure to sundry punters for prizes and jackpots].
- A mandatory approval of gaming device by the board will take place in due course upon receipt of a suitable letter of invitation to inspect the device at source.
- Remit the prescribed/statutory application fee in due course.
When all the above requirements have been considered and approved, the enabling documents shall be issued.
- Applicant should be a member of the prescribed betting Associations
- Documentation of application from the Association with the underlisted.
- The applicant’s vetted set of fingerprints together with clearance by the Financial Clearing Bureau.
- Applicable documentation: –
- A comprehensive business plan demonstrating viability including cashflow projections
- Financial position evidencing concrete capacity to acquire the devices and pay prizes including jackpots [Audited financial statements (to enable the Board to determine solvency, liquidity, capital adequacy and other prudential measures) and six months current bank statements or a bank guarantee for not less than fifty thousand United States of America dollars (US$50 000) or equivalent covering exposure to sundry punters for prizes and jackpots].
- Remit the prescribed/statutory application fee in due course
When all the above requirements have been considered and approved, the enabling documents shall be issued
Accordion Content
Accordion Content