s 69 Objection to existing control of casino operator
69.—(1) The Authority may serve a written notice of objection on any person referred to in section 65 or 66 if the Authority is satisfied that —(a) any condition of approval imposed on the person under section 67(2) has not been complied with; (b) the person has ceased to be a suitable person to be concerned in or associated with the management and operation of a casino; (c) having regard to the person’s likely influence, the casino operator is no longer likely to conduct its business prudently or to comply with the provisions of this Act; (d) it is no longer in the public interest to allow the person to continue to be a party to the agreement or arrangement described in section 65(1)(b) or (2)(b), or to continue to be a substantial shareholder, a 12% controller, a 20% controller or an indirect controller, as the case may be; (e) the person has furnished false or misleading information or documents in connection with an application under section 65 or 66; or (f) the Authority would not have granted the Authority’s approval under section 67 had the Authority been aware, at that time, of circumstances relevant to the person’s application for such approval.[Act 29 of 2024 wef 30/10/2024] (2) Before the service of a written notice of objection, the Authority must, unless the Authority decides that it is not practicable or desirable to do so, cause to be given to the person concerned written notice of its intention to serve the written notice of objection, specifying a date by which the person may make written representations with regard to the proposed written notice of objection.[Act 29 of 2024 wef 30/10/2024] (3) Upon receipt of any written representations, the Authority must consider them for the purpose of determining whether to issue a written notice of objection.[Act 29 of 2024 wef 30/10/2024] (4) The Authority must, in any written notice of objection, specify a reasonable period within which the person to be served the written notice of objection must —(a) take such steps as are necessary to ensure that the person ceases to be a party to the agreement or arrangement described in section 65(1)(b) or (2)(b), or ceases to be a substantial shareholder, a 12% controller, a 20% controller or an indirect controller as defined in section 66(3), as the case may be; or (b) comply with such direction or directions as the Authority may make under section 70.[Act 29 of 2024 wef 30/10/2024] (5) Any person served with a notice of objection under this section must comply with the notice.