s 65 Control of substantial shareholdings in casino operator
65.—(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[Act 29 of 2024 wef 30/10/2024] (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. [36/2012] [Act 29 of 2024 wef 30/10/2024] (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[Act 29 of 2024 wef 30/10/2024] (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.[36/2012] [Act 29 of 2024 wef 30/10/2024]