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Mobile and Internet Betting legislation close in SA.

Discussion in 'Casino Industry Discussion' started by Ian_go, Dec 12, 2006.

    Dec 12, 2006
  1. Ian_go

    Ian_go Dormant account

    Occupation:
    keeping the peace
    Location:
    Canada
    If the South African government accepts a draft amendment bill passing it into law, then Internet and mobile phone betting will become legal for the first time. The bill outlines not only a framework for legislation for operators of online gaming properties, but also a a licensing system for both the provider and the end users.

    This is welcome news indeed to South african interest groups and offshore gaming companies alike. Once legalized, the South African provincial government can earn revenue from independent operators who can move into the market and provide gambling services. South African trade and industry deputy director-general Astrid Ludin said that "The manner in which gaming proceeds would be taxed still had to be determined" She also said that a key challenge in drafting the proposed legislation was to find a way to effectively regulate anything on the internet and how to prevent money-laundering. Online and mobile gambling was deemed illegal by the National Gambling Act of 2004. This act came into law after the South African government decided that You must register/login in order to see the link.
     
  2. Dec 12, 2006
  3. jetset

    jetset Ueber Meister CAG

    Occupation:
    Senior Partner, InfoPowa News Service
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    Earth

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