The Licensing Panel B is responsible for making decisions on applications related to the Licensing Act 2003 and the Gambling Act 2005, where objections or representations have been received. This includes decisions on premises licences, variations, temporary event notices, and reviews of existing licences. The panel also handles applications for sex establishment licences, including their grant, renewal, variation, transfer, or revocation, based on the definition of sex establishments and relevant entertainment provided under the law.