Boratous: You are conflating the consequences of what the Board does with what the Board has power to do. Section 53(3) does not determine what the Board has power to do (just as section 73(2) does not determine what the Director has power to do). A Board has functions. They are set out in s 53.
If the Director says "I claim this Island in the name of CASA", or "I purchase this casino in the name of CASA", I'm confident CASA won't own the Island or be obliged to pay for the casino.
But I could be wrong: Submit your next AOC application to the Board and let us know if the Board resolves to issue you with, and issues you with, an AOC.
Re the Press Release, Leaddie It would not have been released without the blessing of the Minister. The government is still hoping for a wet lettuce solution.
Interesting times.