S.L. 583.5 Art. 11Grant of licence.

The Authority, acting in line with the governing principles and in furtherance of the regulatory objectives established by the Act, shall refuse to grant a licence in any of the following instances:

(a) if the application is not submitted in accordance with the established form or in accordance with applicable procedure; or

(b) if the applicable fees have not been paid; or

(c) if the Authority, in its reasonable discretion, is not satisfied that the applicant and all relevant persons, including but not limited to all persons having qualified interest in the applicant, are fit and proper:

Provided that it shall be up to the Authority to establish which persons involved in the applicant have to be assessed for the purposes of this paragraph:

Provided further that for the purposes of this assessment, the qualifying interest shall be established as at least ten percent, or any lower percentage as may be determined by the Authority; or

(d) if, where applicable and in the reasonable opinion of the Authority, it appears on the basis of the assessment, evidence or certification carried as may be prescribed by the Authority for any type of game, that the games the applicant intends to offer do not satisfy the minimum requirements of fairness for their respective game types;

(e) if it transpires that any information or submission made to the Authority is false, misleading, inaccurate or incomplete in a material respect;

(f) if the Authority, in its reasonable discretion, is not satisfied that:

(i) the applicant is capable of sustainably financing the gaming service or supply; or

(ii) the applicant has the necessary competence, technical know-how and resources to carry out the gaming offering; or

(iii) the applicant has a business model to carry the gaming offering in a viable way and in a way that is compliant with the applicable regulatory instruments in force; or

(iv) the applicant will comply with all regulatory requirements applicable to licensees of the relevant category and with any additional requirements that the Authority considers, on the basis of a risk-based approach, necessary to impose on the applicant, which requirements may include but are not limited to financial safeguards, protection of players and, or the implementation of any policies and procedures.