(1) Section 123 of the Finance Act, 1992, is hereby amended in the proviso (inserted by section 88 of the Finance Act, 1994) to paragraph (c) (inserted by section 70 of the Finance Act, 1993) by the substitution of "Fridays, Saturdays, Sundays and public holidays" for "Saturdays, Sundays and public holidays".
(a) Subsection (1) shall apply with effect from the 1st day of May, 1998, in respect of an amusement machine licence, of the type referred to in section 123(c) of the Finance Act, 1992, granted on or after that date under section 122 of the Finance Act, 1992.
(b) In respect of an amusement machine licence, of the type referred to in section 123(c) of the Finance Act, 1992, granted before the 1st day of May, 1998, under section 122 of the Finance Act, 1992, which is a subsisting licence at that date, subsection (1) shall apply with effect from that date for the balance of the period for which such licence remains in force.