Notice to show cause why controlled contract should not be terminated
76.—(1) The Authority may serve on each party to a controlled contract a notice in writing affording the party an opportunity to show cause within 14 days why the contract should not be terminated on the ground that, for reasons specified in the notice, the continuance of the contract affects the credibility, integrity and stability of casino operations.
(2) The person may, within the period specified in the notice in subsection (1), arrange with the Authority for the making of submissions as to why the contract should not be terminated.
(3) After considering any submissions so made, the Authority may, by notice in writing served on each party to the contract, require the contract to be terminated within a time specified in the notice.
(4) If the contract is not terminated as required by the notice under subsection (3), it is deemed to be terminated by this Act upon expiry of the period specified in the notice.
Effect of termination of controlled contract
77. If a controlled contract is terminated or deemed to be terminated in accordance with section 76 —
- (a) the termination does not affect a right acquired, or a liability incurred, before that termination by a person who was a party to the contract;
- (b) no liability for breach of contract is incurred by a person who was a party to the contract by reason only of that termination; and
- (c) the Authority does not incur any liability by reason of that termination.
No effect to be given to terminated contract
78.—(1) A party to a contract terminated or deemed to be terminated in accordance with section 76 shall not give any effect to any part of the contract.
(2) Any casino operator who contravenes subsection (1) shall be liable to disciplinary action.
