SOUTH AFRICA MOVING FORWARD ON INTERNET GAMING
REGULATION?
3 August 2007
Long anticipated bill tabled by DTI
Reports from the Business Day newspaper in South Africa
indicate that the Department of Trade and Industry in
the South African government has tabled a legislative
proposal that aims to regulate the interactive gambling
industry in South Africa.
The regulation of online gambling in the country has
been anticipated for some time following the submission
to government two years back of the results of a
comprehensive international study by a specially
appointed commission of online gambling technology and
jurisdictions .
The National Gambling Amendment Bill, tabled by trade
and industry minister Mandisi Mpahlwa, notes that the
interactive gambling industry - or remote gambling
taking place through the Internet or other related forms
- must be strictly controlled for the prevention of
crime and the protection of players, problem gamblers
and the underaged.
In terms of the proposed bill, interactive providers may
not extend credit to any person "for the purpose of
engaging in interactive games".
An interactive provider must immediately credit the
account of a player who wins a monetary prize. A player
must have an account with an authorised financial
institution. And players must be 18 years or older.
Online Casino News courtesy of
InfoPowa
More news here.
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