- Latest available (Revised)
- Original (As enacted)
The term provision is used to describe a definable element in a piece of legislation that has legislative effect – such as a Part, Chapter or section. A version of a provision is prospective either:
Commencement Orders listed in the ‘Changes to Legislation’ box as not yet applied may bring this prospective version into force.
There are outstanding changes not yet made by the legislation.gov.uk editorial team to Horserace Betting and Olympic Lottery Act 2004. Any changes that have already been made by the team appear in the content and are referenced with annotations.
Revised legislation carried on this site may not be fully up to date. Changes and effects are recorded by our editorial team in lists which can be found in the ‘Changes to Legislation’ area. Where those effects have yet to be applied to the text of the legislation by the editorial team they are also listed alongside the legislation in the affected provisions. Use the ‘more’ link to open the changes and effects relevant to the provision you are viewing.
This section lists the changes and effects yet to be applied to the whole Act, associated Parts and Chapters where applicable. This includes any insertions of whole new Parts, Chapters or provisions yet to be inserted into this Act. These effects are included in this view as they may be (but won’t necessarily be) relevant to the specific provision that you are viewing.
(1)The Gaming Board shall, if the Secretary of State so requires, issue to the successor company a licence (referred to in this Part as “the exclusive licence”) granting the successor company the right—
(a)to carry on pool betting business (in any form) in connection with horse races on approved horse racecourses,
(b)by way of business to receive or negotiate bets in connection with horse races on approved horse racecourses on terms that all or part of the winnings shall be calculated or regulated directly or indirectly by reference to the amounts or rates of payments or distributions in respect of winning bets made by way of pool betting, and
(c)to provide facilities in relation to a matter mentioned in paragraph (a) or (b).
(2)The exclusive licence shall, unless revoked under subsection (7), have effect for the period of seven years beginning with the date of issue.
(3)In requiring the issue of the exclusive licence the Secretary of State may specify terms or conditions of the licence.
(4)The Secretary of State—
(a)may require the issue of the exclusive licence before, on or after the appointed day,
(b)may require the issue of the exclusive licence after the successor company has ceased to be wholly owned by the Crown, and
(c)may not require the issue of the exclusive licence more than once.
(5)While the exclusive licence has effect—
(a)the successor company may authorise one or more other persons to do anything that the successor company is authorised to do by the exclusive licence, and
(b)a person other than the successor company may not do anything that the successor company is authorised to do by the exclusive licence, except in accordance with an authorisation under paragraph (a).
(6)An authorisation under subsection (5)(a) may be given on terms and conditions; which may, in particular, include provision—
(a)for payment to or by the successor company;
(b)for agency or commission;
(c)about facilities to be provided by the successor company under subsection (1)(c).
(7)The Gaming Board—
(a)may make an order revoking the exclusive licence if they think that a term or condition of the licence has been breached, and
(b)shall make an order revoking the exclusive licence if the Secretary of State so directs.
(8)A direction of the Secretary of State under subsection (7)(b) shall specify the reasons for the direction.
(9)An order revoking the exclusive licence—
(a)must specify the reasons for the revocation (or, in the case of revocation pursuant to a direction under subsection (7)(b), the reasons for the direction specified under subsection (8)), and
(b)shall take effect at such time as the order may specify.
(10)The Secretary of State may require revocation under subsection (7)(b) only while the successor company is wholly owned by the Crown.
(11)The exclusive licence may not be—
(b)issued or revoked otherwise than in accordance with subsection (1) or (7).
The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
The Whole Act you have selected contains over 200 provisions and might take some time to download.
Would you like to continue?
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made):The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Geographical Extent: Indicates the geographical area that this provision applies to. For further information see ‘Frequently Asked Questions’.
Show Timeline of Changes: See how this legislation has or could change over time. Turning this feature on will show extra navigation options to go to these specific points in time. Return to the latest available version by using the controls above in the What Version box.
Text created by the government department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Public Acts except Appropriation, Consolidated Fund, Finance and Consolidation Acts.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: