A bookmaker's licence issued by the Revenue Commissioners under section 7 of the Act of 1931 that is in force immediately before the relevant date shall, on and after the relevant date, continue in force unless sooner revoked or otherwise ceasing to remain in force, for the period remaining until the next licence final day in accordance with subsection (7)(a) or until 30 November next following the grant of the licence in accordance with subsection (7)(b), as the case may be, and is subject to that Act.

Where an application has been made for a bookmaker's licence under section 7 of the Act of 1931 but not determined before the relevant date, the application shall, on or after the relevant date, be determined in accordance with that Act and, where a licence is issued pursuant to that application, that Act shall apply accordingly.