(1) Subject to subsections (2) and (3), the Authority shall grant a gambling licence sought under section 112 or 113, as the case may be -

(a) where it is satisfied -

(i) the application complies with the requirements of the section concerned,

(ii) the financial information furnished with the application demonstrates -

(I) the capacity of the proposed licensee to provide the gambling activity or activities sought to be licensed and to fund winnings, and

(II) that the winnings will be funded from lawful activities, and

(iii) the proposed licensee, and, where applicable, each relevant officer and each beneficial owner, is a fit and proper person to hold the gambling licence concerned,

(b) where section 96(1)(h)(i) applies in respect of a premises that is not a relevant premises, the Authority has made a determination under section 99 that the premises where it is proposed to provide a gambling activity is suitable for use for that activity,