Yu Wah Sang
Following a licence review, the Commission determined to revoke the Personal Management Licence issued to Mr Wah Sang Yu (the Licensee) under the provisions of section 119 of the Gambling Act 2005 on the grounds that he breached conditions of his licence and that he was unsuitable to carry on the licensed activities permitted by the licence.
The Commission found that:
- Whilst engaged in a key management role for Lucky 8 Limited (Lucky 8), the Licensee breached a condition of his licence, by failing to carry out his responsibilities as a PML. This placed Lucky 8 in breach of its own licence conditions.
- The Licensee failed in his responsibilities to ensure Lucky 8 notified the Commission of two changes of corporate control within five weeks of the charges taking place.
- The Licensee failed to receive accurate updates from employees to ensure that Lucky 8 was operating in compliance with conditions attached to its licence and that its suitability was not called into question.
- The Licensee failed to ensure the Commission was kept informed of matters the Commission would reasonably need to be aware of in exercising its regulatory functions.