SA steps closer to legal online gambling


The South Africa Parliament passed the National Gambling Amendment Bill this week, according to a report on South Africa has been studying online gambling for years and the bill has been in the works for quite some time now.

Parliament received the bill to deliberate on in August. If signed into law, the National Gambling Amendment Bill will legalize Internet gambling in South Africa by creating legislation for the licensing of interactive gambling activities.

The legislation would require all software vendors that provide online gambling platforms to obtain a national license for key staff as well as for the software-related equipment.

Players will also be required to register and nominate accounts with authorized financial institutions where winnings can be paid.

The Department of Trade and Industry said its goal for the bill is to protect players, ensure gambling revenues are properly taxed, retain interactive gambling players in South Africa and keep children away from the sites.

While the country has been exploring the issue on online gambling and working on the bill, online gambling has been banned. However, the Department of Trade and Industry has said it thinks that a permanent ban would only drive the activity underground.

The next step in getting the National Gambling Amendment Bill enacted is to have the National Council of Provinces approve it as well. Then it will be referred to the president and published.

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