GICB definition

GICB in December of each year, setting forth the number of gaming tables and electrical or mechanical gaming machines, including slot machines, that it intends to operate during the following year, together with their location.
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Examples of GICB in a sentence

  • After the Subconcessionaire makes the relevant record in its registers or completes similar procedures, it shall notify the GICB within 30 days and shall submit a copy of the document legalizing the relevant legal acts and provide detailed information relating to any other stipulated provisions and terms.

  • The Subconcessionaire will promptly pay the costs of the suitability processes; for such purpose, GICB will issue a document with the referred costs.

  • The GICB may at any time request models or samples of such equipment.

  • The Subconcessionaire shall establish its own accounting system, sound administrative organizations and appropriate internal auditing procedures, and shall comply with the instructions of the government issued on such matters, especially instructions issued through the GICB and the Finance Services Bureau.

  • The power for the supervision, monitoring and control of the performance of the Subconcessionaire’s obligations shall be exercised by the government, especially through the GICB and the Finance Services Bureau.

  • The Subconcessionaire shall accept the daily supervision of the government on the gross income of the gaining operation exercised in accordance with the law through GICB.

  • In operating the conceded business, the Subconcessionaire shall be subject to the long-term supervision and inspection of the GICB in accordance with the provisions of the applicable laws.

  • When the GICB or the Finance Services Bureau thinks necessary or appropriate and at any time and with or without prior notice, the Subconcessionaire shall accept the special audit conducted by an independent external entity or other entities with internationally recognized reputation.

  • In addition to the general obligations of cooperation of Article 67, the Subconcessionaire shall have the obligation to cooperate with the government, especially with the GICB and the Finance Services Bureau, and provide the material and information required for conducting special audit, assist such departments in analyzing or examining the accounting system of the Subconcessionaire and perform all the obligations provided by the concession system as set forth in Article 6.

  • The Subconcessionaire shall submit its accounts to an independent external entity with internationally recognized reputation previously approved by the GICB and the Finance Services Bureau for auditing, and shall provide to such entity in advance all necessary documents, namely the documents referred to in Article 34 of Law 16/2001.