South Africa Regulating Online Casinos

August 15, 2007

South Africa’s National Assembly is changing the way that they handle the online gambling industry as it pertains to their country. The government is looking into the online gambling industry to see what steps they need to be taking to regulate and monitor them. The Assembly has several legislative documents currently under review in regards to the online gambling community and industry.

The Assembly is looking into monitoring the fair treatment of online gambling players, as there has been much talk of fraud and crime associated with the industry. There is a memorandum that is attached to the drafted National Gambling Amendment bill that accuses the online gambling industry of corruption and offering little to no protection for its players.

Because of this widespread corruption, there has been a “considerable loss of revenue to the fiscus.” They are also concerned with the country’s reputation as it pertains to online gambling, and how they will be viewed in the global community. They say that their reputation is at stake, as is the online gambling industry’s reputation as well.

The new bill includes the protection of minors and others deemed vulnerable by online gambling, so that they cannot be exploited, and dictates exactly what kind of advertising, licensing, compliance, etc. will be dealt with. They will also look into problems with online gambling and money laundering. The bill calls for interactive games as well as having players register so that they can offer dispute resolution among other things.




Back to August 2007 Archive.