Persons required to hold international market agent licence or international market agent representative licence
4.—(1) For the purposes of section 110A(1) of the Act ––
(a)
no body corporate shall organise, promote or conduct a casino marketing arrangement in or with respect to any casino unless it holds an international market agent licence from the Authority authorising it to do so in or with respect to that casino; and
(b)
no individual shall organise, promote or conduct a casino marketing arrangement in or with respect to any casino unless he holds ––
(i)
an international market agent representative licence from the Authority authorising him to do so in or with respect to that casino, if he is employed by a licensed international market agent as its international market agent representative; or
(ii)
an international market agent licence from the Authority authorising him to do so in or with respect to that casino, if he is acting on his own behalf or if he employs any international market agent representative to do so.
(2) Paragraph (1) shall not apply to ––
(a)
any licensed special employee who organises or promotes a casino marketing arrangement in the performance of his duties;
(b)
any person who receives a commission or other payment from a casino operator, or the person in charge of a casino, based solely on the price of the transportation or lodging arranged for by the first-mentioned person; or
(c)
any person whose commission or other payment from a casino operator, or the person in charge of a casino, is a fixed amount or a fixed rate that is ––
(i)
not based on the net win of the casino operator attributable to the players introduced by the first-mentioned person; and
(ii)
not otherwise calculated by reference to such net win,
provided that the aggregate value of such commission or other payment received in relation to a single casino does not exceed $100,000 in a calendar year or any part thereof during which the first-mentioned person does not hold an international market agent licence.