(1) Subject to section 124, a licensee of a Business to Business gambling licence may apply to the Authority to vary the relevant gambling product or relevant gambling related service that may be provided pursuant to the licence.

(2) An application under subsection (1) shall -

(a) be made in such form and manner, and be accompanied by such information and supporting documentation, as the Authority shall specify, and

(b) where applicable, be accompanied by such fee as may be prescribed by the Authority under section 38.

(3) The Authority may grant an application made under subsection (1) to vary the relevant gambling product or relevant gambling related service that may be provided pursuant to the licence concerned where it is satisfied, having regard to the information and supporting documentation supplied by the licensee in accordance with subsection (2), that it is appropriate to do so.

(4) Where the Authority refuses to grant an application under this section, it shall notify the licensee concerned within 14 days of the date of the decision and the notice shall state -

(a) the reasons for the decision,