SOUTH AFRICA'S PARLIMENT APPROVED
NEW INTERNET GAMBLING LAW... South Africa’s Parliament approved
a new internet gambling law to regulate an industry plagued by crime
and vulnerable to money laundering and terrorism financing, parliamentary
papers showed today.
A memorandum attached to the National Gambling Amendment Bill said
the interactive gambling industry was currently unregulated and
"generally plagued" by crime. "This situation has
resulted in a considerable loss of revenue to the national fiscus
and compromises the country's reputation as a responsible global
citizen," it said ."
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"More and more people are playing with online casinos , the
market is growing, people need to be informed on a range of issues
whilst also being entertained with good content.
We hope the professional, clean look and feel will make beginners
and experts feel at home while looking at responsible advertising
to become a middle ground between operators and online gamers. Whilst
portals do need to be profitable and will have partnerships with
casinos in terms of advertising and promotions, our loyalty will
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ONLINE
GAMBLING IN SOUTH AFRICA Rather than fighting a losing battle, the Government of South
Africa has decided to bite the bullet and open the doors to online
gambling on its territory. Interactive Internet gambling, long banned
in South Africa, is now set to burst onto the stage. Recent legal
action has moved the South African Government to embrace the idea
of legalized online gambling. This approach, which is becoming the
standard practice for most countries in the West, is seen as more
preferable to the total lack of regulation that exists at present.
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GAMBLING WILL SOON BE A SAFER BET For now, though, it's illegal in most forms offered on your
PC, writes Andrew Gillingham. The National Gambling Amendment Act
is set to open the door for companies to apply for online gambling
licences. Online gambling operations based outside the country have
been targeting South African punters, but anyone in South Africa
who uses unauthorised, unlicensed online gambling is committing
an illegal act that could leave them facing criminal prosecution.
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