(1) A gaming operator shall not draw down or cancel a bond or security instrument under section 28 of the Act unless the gaming operator gives to the Authority 30 days notice in writing prior to the draw down or cancellation.
(2) If a gaming operator contravenes subregulation (1), the Authority shall suspend the gaming operator licence until a new bond or security instrument in the amount specified under section 28 of the Act is filed with the Authority.
(3) If a gaming operator does not file a bond or security instrument within 30 days of the date of suspension under subregulation (2), the Authority shall revoke the gaming operator licence.