36WDetermination of application

36W Determination of application

(1) The Commission must consider an application for approval made under section 36V and must take into account—

(a) the applicant's reason for acquiring the relevant interest; and

(b) evidence of the applicant's suitability to acquire the relevant interest; and

(c) if the applicant holds, or at any time held, a relevant interest in a casino operator or a holding company of a casino operator, the conduct of the applicant during that time; and

(d) any undertakings given by the applicant as to their intended conduct after acquiring the relevant interest; and

(e) any other matters the Commission considers relevant.

(2) The Commission must determine the application by either granting the approval or refusing the application and must inform the applicant accordingly.

(3) An approval under this section may be granted subject to any conditions that the Commission thinks fit.

(4) The Commission, by written notice, may revoke an approval granted to a person under this section if the person has not yet acquired the relevant interest but the Commission is not satisfied that the person is a suitable person to hold the relevant interest.

S. 36X inserted by No. 42/2022 s. 22.