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South Africa National Gambling Board Restructured
Monday january 19,2015 : RESTRUCTURING OF S.A. NATIONAL GAMBLING BOARD PLANNED (Update)
Board to be disbanded; body will be directly accountable to Department of Trade and Industry.
Changes in the way South African government agencies like the scandal-ridden National Gambling Board is managed have been detailed by a senior official in the Department of Trade and Industry.
Deputy director general Zodwa Ntuli said that the intention of government is to restructure agencies like the NGB in order to make them directly accountable to the Department instead of their own boards of directors.
She noted that a review of the current management system has concluded that the boards of these entities incur unnecessary expenditure, and slow down the regulatory process in the industries they govern.
"We want structures that make it easier for these entities to be effective and not stifled," she said, adding that the NGB would be expected to focus on enforcing laws on illegal gambling in addition to regulatory oversight responsibilities, and that amendments to the National Gambling Act would be proposed to strengthen enforcement against online gambling, which has grown rapidly in South Africa..
The board of the NGB was suspended last year, and a forensic investigation launched, amid allegations of gross corruption, maladministration and mismanagement . The organisation is currently managed by two administrators appointed by the DTI.
Kodwa said that the Board would become a trading entity of the DTI, albeit with its own staff and infrastructure, which would include audit and other internal bodies tasked to ensure good governance.
The separate National Lotteries Board will be rebranded the National Lotteries Commission, and will retain its board of directors due to the need for close supervision in a body that handles very large sums of money, Kodwa revealed.
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2017 Aussie Millions Event 1 -
The Melbourne-based player bested a field of 1,565 entries - 245 up on last year's equivalent - to end up in the heads up with New Zealnad's Qiang Fu, but not before both he and Qiang had narrowly escaped at the four-handed stage when they were the low stacks.
Swiss Reject idea to Block Gambling Websites -
The Legal Affairs Committee of the Swiss National Council has nixed new regulations which would have blocked access to online gambling sites in Switzerland, according to local media reports Tuesday.
Growth Ahead For Online Gambling -
Transparency Market Research has issued a teaser on its latest international online gambling and betting survey, forecasting that the industry will grow at a Compound Annual Growth Rate (CAGR) of 10.8 percent by 2024.
New Qubit software For SkyBetting -
#qubit Sky Betting & Gaming aims to top its record 50 percent revenue growth last year with new player differentiation software and expertise provided by the Qubit company.
Slotfather II Slot Launching -
#betsoft The first is a sequel to the popular gangster-themed online slot Slotfather, unsurprisingly titled Slotfather II, whilst the other is a new 243 ways-to-win game titled Fa Fa Twins..
Massachusetts Online Lottery Bill -
Flanagan's confidence was clearly boosted by the bill's success in the Senate last year, although it was not developed by the House and ran out of time.
Italy Doing Well With Online Sports betting -
The latest numbers from the Italian regulator show that online sports betting remains king when it comes to internet gambling in the market, generating Euro 391.8 million in turnover in December 2016.
Michigan To Reintroduce Online Gambling Bill -
#Michigan state Sen. Mike Kowell's staff have confirmed that the senator plans to reintroduce his online gambling legalization bill, which failed to make it through the last legislative season.
MGM Buys DC office building For lobbying team -
#MGM Resorts International has bought a new Washington, D.C., office building for its in-house lobbying team, led by former chief counsel to the now retired Nevada Sen. Harry Reid, Ayesha Khanna.
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