Class 4 gambling usually refers to gambling that utilises gaming machines. This class of gambling does not require a licence but it must be conducted by societies as defined in the Gambling Act.Ĭlass 3 and 4Class 3 gambling must have prizes with a total value exceeding $5,000. The potential turnover from the gambling must exceed $500 but cannot exceed $25,000. Only Class 1 gambling can be conducted by individuals.Ĭlass 2Class 2 gambling must have prizes with a total value between $500 and $5,000. All proceeds from the gambling (including interest), if conducted by an individual, must be applied to the winners. Gambling activities that fall outside of these specifications are prohibited forms of gambling Class 1Class 1 gambling cannot have a prize or turnover greater than $500. Each of the first three classes specifies different maximum prizes and turnover as well as who can conduct the gambling and whether a licence is needed.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |