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South Africa Permits Internet Gaming

On May 21st, 2008, the parliament of South Africa approve a brand new World Wide Web gaming law to regulate a gaming industry hampered by crime, money laundering, terrorism related financing and other related cyber-gaming crimes. A statement that is attached to the National Gambling Amendment Bill stated that the online gaming industry in the African continent's largest economy lacks proper regulations and generally affected by various crimes that happened on the Web.

The statement also said that this situation results to a substantial loss of profit for the country and affect the South Africa's standing in the global community. The brand new bill also aims to focus on the negative effects of gaming like addiction, allotting money for gaming addiction, taxes, advertising and others. Every online casino gambler is required to register with a duly-licensed interactive gaming provider and pass an affidavit that shows that the player is already eighteen years old.

The bill also proposes for an installation of an electronic system that will check out for potentially addictive gaming pattern and check credit extensions for gamblers. South African President Thabo Mbeki must sign the bill to make it legal and binding. Back on October 13th, 2006, the U.S., which is considered to be one of the largest online gaming markets in the world, approved the Unlawful internet gambling Enforcement Act (UIGEA).

This generally affected the ability of most online casino sites to host players from the U.S. and affected profits for different casino games like roulette, poker, blackjack and others. The new law states that the South Africa can receive as much as 13.5 billion rand from gaming taxes and profits.

 

Brian Letendre,
Thursday, June 05 , 2008