Gaming Act, 2006 (ACT 721)
Section 23: Minimum bankroll requirement
(1) Every holder of a licence for a game of chance shall maintain in its accounts, cash or cash equivalents
(a) in a proportion to its paid-up capital and the financial level of its operations, and
(b) in a manner, that the Board determines is sufficient to protect the patrons of the licence holder against defaults in the payment of gaming debts owed by that licence holder.
(2) The Board may review the amounts and the manner for maintaining the amounts where necessary.
(3) A licence holder whose cash or cash equivalents fall below the amounts determined by the Commission shall within twenty-four hours after the shortfall give notice to the Commission in writing or in electronic form of the shortfall and shall in the notice state the steps it is taking to rectify the deficiency.
(4) If within seventy-two hours after giving the Commission notice of a shortfall the licence holder has not made good the shortfall, the Board shall suspend the operations of the licence holder, conduct an investigation into the licence holder’s operations and require the licence holder to take certain actions within a period specified by the Commission.
Subject : Licences (Gaming and Lottery)
Procedure to Follow
Not Avaiable
Responsible Institution
- Email: info@gamingcommission.gov.gh
- Website: https://gamingcommissiongh.com/oldsite1/index.php
- GPS:
- Telephone: (027) 469 8935 || (029) 901 2286
Relevant Forms to Download
Not Available
Online System
Link Unavailable
Fees/ charges
Not Avaiable
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