Basic Conditions of Employment Act, 1997
R 385
National Gambling Act, 2004 (Act No. 7 of 2004)RegulationsNational Gambling Regulations, 2004Chapter 2 : Restricted activities and status of gambling debt4. Credit extension |
| 1) | The holder of a casino licence, a bookmaker licence or a totalisator operator licence may extend credit to a patron only after obtaining sufficient information regarding the patron's identity, credit history and financial capabilities in terms of the credit being requested. |
| 2) | The holder of a licence contemplated in sub-regulation (1) may extend credit to a patron only in respect of a gambling activity authorised by that licence. |
| 3) | All credit extensions shall be evidenced by a credit instrument signed at the time of credit extension by the patron who receives the credit. |
| 4) | A credit instrument referred to in sub-regulation (3) shall contain - |
| a) | sufficient information to allow for the collection of the debt following the receipt of the instrument; and |
| b) | such other details as may be required in terms of the relevant provincial legislation. |
| 5) | Failure by a licence holder to deposit a negotiable instrument for collection by the close of the banking day following the receipt of the negotiable instrument or the banking day following the completion of a continuous and uninterrupted residence by the patron concerned in the accommodation facilities located at the same licensed premises of the licensee, whichever is the later, shall, for the purposes of these regulations, be deemed to be an extension of credit. |
