Jun 05 ThePOGG.com withdraws from South Africa
Posted by THEPOGG in
Recently our new News reporter Glenn Baird published an article for us on the recent developments in the South African markets (
It is being reported by various sources that the NGB have worked with various banks to identify online gamblers and have confiscated R1.25m (~£70k) from players.
This money is being presented as winnings but is likely to simply be withdrawals, meaning that the impacted players could easily have endured losses overall via play and the funds that have be confiscated in fact would not have made these players overall winners. To establish whether the confiscated funds were “winnings” would require the cooperation of the involved casinos, something that’s unlikely to happen.