49.1. An amusement machine or video lottery machine licence may be renewed for a period of one year, provided that
(1) the prescribed duties are paid at least 30 days before the expiry date of the licence, subject to the prescribed terms and conditions of payment;
(2) the licence holder complied with the provisions of this Act and the regulatory instruments thereunder during the period of validity that is ending;
(3) the licence holder fulfils the other conditions for obtaining the licence, and provides any relevant document or information the board may require.
The licence holder may not invoke the fact that the notice provided for in section 49.2 was not sent, or an error in the content thereof, to justify non-compliance with the condition prescribed in subparagraph 1 of the first paragraph. However, if he proves to the board that it was impossible for him to comply with the time limit, he may pay the prescribed duties at any time up to the date of expiry of the licence.