Interactive Gambling (Player Protection) Act 1998
sec.41Interactive gambling licence not to be transferable
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sec.41 Interactive gambling licence not to be transferable
An interactive gambling licence can not be transferred. However, if an interactive gambling licence is mortgaged, charged or encumbered with the written approval of the Minister, this section does not prevent the transfer of the licence, subject to section 42 , by way of enforcement of the security. (sec.41-ssec.1) An interactive gambling licence can not be transferred. (sec.41-ssec.2) However, if an interactive gambling licence is mortgaged, charged or encumbered with the written approval of the Minister, this section does not prevent the transfer of the licence, subject to section 42 , by way of enforcement of the security.