(1) Subject to section 89(2) and subsection (2), the Authority shall grant a Business to Business gambling licence where -

(a) it is satisfied that -

(i) the application complies with the requirements of section 125,

(ii) 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, and

(iii) the financial information furnished with the application demonstrates the capacity of the proposed licensee to provide the gambling product or gambling related service, or both, which the proposed licensee wishes to sell or supply pursuant to the licence,

and

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

(2) A Business to Business gambling licence granted under this section -