Section 19: Grant of licence.

(1) The President may grant a licence to any person or body corporate to operate a national lottery or any lottery, by whatever name called, if the President is satisfied that the applicant-
(a) is a fit and proper person to manage the business or any part of the business of a national lottery;
(b) has the relevant knowledge, expertise and experience to manage the business or any part of the business of operating a national lottery;
(c) is capable of mobilising sufficient financial resources to ensure financial viability of the business of operating a national lottery; and
(d) has made an undertaking to conduct the business of a national lottery with all due property, corruption free, accountability, transparency and protection of the interests of participating stakeholders and the public.
(2) Any licence granted under subsection (1) of this section may be subject to such terms and conditions as the President may, from time to time determine, and without prejudice to the generality of the foregoing, such conditions shall include-
(a) the percentage of the net proceeds payable to the Trust Fund established under section 35 of this Act and the frequency of such payment in respect of all individual lotteries operated pursuant to the licence; and
(b) whether or not the licence is exclusive in respect of all or individual lotteries operated by the licensee.
(3) If any change occurs in the information provided in the application for a licence by any person or body corporate (including any documents lodged with the application) before the application is granted or refused, the applicant shall forthwith submit to the President written particulars of the change.