14Payment to club by member permitted to conduct games of chance

14 Payment to club by member permitted to conduct games of chance

(1) A member of a club permitted to use licensed premises of the club for the conduct of games of chance shall, within 24 hours after the end of each week, pay to the club an amount equal to 2.5 per cent of the daily net winnings derived by that member from games of chance conducted on those premises during that week. (2) Games of chance conducted on licensed premises of the club within 6 hours after midnight on a Sunday shall, for the purposes of this section, be deemed to have been conducted during the week that ended at that midnight. (3) A member who fails to pay an amount to a club in accordance with subsection (1) shall not, until he has paid that amount, conduct a game of chance on licensed premises of that club. (4) In this section:

daily net winnings means the total value of bets accepted on games of chance conducted by a member on a day less the total value of losses incurred by that member on those games on that day.

week means the period of 7 days ending at midnight on a Sunday.