CASINO CONTROL
57
- (b) is in a position to control voting power of 12% or more but less than 20% in a casino operator;
- “20% controller” means a person who, alone or together with his associates—
- (a) holds or has interests in 20% or more of the total number of issued shares in a casino operator; or
- (b) is in a position to control voting power of 20% or more in a casino operator;
- “indirect controller” means any person, whether acting alone or together with any other person, and whether with or without holding shares or controlling voting power in a casino operator—
- (a) in accordance with whose directions, instructions or wishes the directors of the casino operator are accustomed or under an obligation, whether formal or informal, to act; or
- (b) who is in a position to determine the policy of the casino operator,
- but does not include any person—
- (i) who is a director or other officer of the casino operator whose appointment has been approved by the Authority; or
- (ii) in accordance with whose directions, instructions or wishes the directors of the casino operator are accustomed to act by reason only that they act on advice given by him in his professional capacity.
(4) For the purposes of subsection (3), a reference to the control of a percentage of the voting power in a casino operator is a reference to the control, whether direct or indirect, of that percentage of the total number of votes that might be cast in a general meeting of the casino operator.
Approval of applications
67.—(1) The Minister may, in his discretion, approve an application made by any person under section 65 or 66 if the Minister is satisfied that—
- (a) the person is a suitable person to be concerned in or associated with the management and operation of a casino;
