ADVOKS GLOBAL · KENYA
Betting, Lotteries and Gaming Act
6. Applicant to furnish Board with security
Edition: 2025-06-20 · Repealed
6. Applicant to furnish Board with security
(1)Whenever a licence is issued under this Act the Board shall impose as a condition thereof a requirement that the applicant shall furnish the Board with security by means of a deposit, or such other security as the Board may approve, of a sum not exceeding forty thousand shillings and that security shall be refunded or cancelled on the expiration or cancellation of the licence in respect of which it has been deposited or given unless it is forfeited under section 64.(2)In the case of a partnership, only one security in respect of the partnership shall be required, notwithstanding that licences under any of sections 16, 18, 22 and 46 have been issued in respect of the partnership.(3)In determining the amount of security the Board shall take into account the known business of the applicant and the amount, if any, by which that business may reasonably be expected to increase in the ensuing year.(4)The Board may at any time vary the amount of any security given in pursuance of this section if it is satisfied that, having regard to the known scale of business of the licensee concerned, the variation is reasonable.