Victorian Numbered Acts

LIQUOR AND GAMBLING LEGISLATION AMENDMENT ACT 2018 (NO. 20 OF 2018) - SECT 48

For section 6A.4.1(1) and (2) of the Gambling Regulation Act 2003 substitute —

    "(1)     The keno licensee must establish a prizes fund.

    (2)     The keno licensee must pay to the prizes fund—

        (a)     an amount not less than 75% of the total amount received by the licensee for any keno game; and

        (b)     any additional amount ( licensee payment ) required for the payment of a prize to be made from the prizes fund.

    (2A)     The keno licensee must ensure a total payment of prizes to players from the prizes fund is made that gives a minimum return to players, in respect of keno games conducted under the keno licence, of not less than 75% of the total amount paid by players to play keno games during the term of the licence.

    (2B)     Subject to subsection (2A), an amount may be paid from the prizes fund to the keno licensee that is equal to the amount of a licensee payment that has formed part of a prize paid from the prizes fund.".