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SOUTH AFRICAN PUBLIC HEARINGS ON DRAFT NATIONAL GAMBLING ACT
1/19/2012 : SOUTH AFRICAN PUBLIC HEARINGS ON DRAFT NATIONAL GAMBLING ACT (Update)
Parliamentary Committee advised of need for cyber-policing unit
The South African Government's Trade and Industry Portfolio Committee has been urged to develop a national cyber-policing strategy to guard against internet fraud.
The Committee heard from University of Johannesburg Professor Basie von Solms at public hearings held this week on draft amendments to the National Gambling Act.
Solms is pushing for the strategy to protect the country's internet-using citizens from internet fraud such as the Rands 42 million robbery of the South African Postbank that took place over the Christmas period.
Rather than prohibiting access to internet gambling websites, Solms is urging strict legalisation of online gambling which would secure the confidentiality and security of individual players information as well as identify under-aged players, reports The Business Day.
Online gambling ( From South Africa, Get a free R8888 Free ) in South Africa could potentially generate revenues of around Rands 6 billion if correctly regulated, Tom Tuxworth, public affairs manager at Betfair was quoted as saying.
"Online-specific regulation is required to protect customers and to enable effective taxation. Onerous regulation, limited product offerings and high taxes force customers to the offshore and unregulated markets, while realistic regulation limits losses to offshore operators and protects players," added Tuxworth.
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Gambling News :
FanDuel adds English Premier League action -
Daily fantasy sports operator FanDuel, which is now additionally active in the UK market, has announced the inclusion on its roster of English Premier League action, with associated contests scheduled for roll-out next week.
Coral Q4-2016 earnings reports -
Ahead of its forthcoming merge with Ladbrokes, the online and land gambling group Coral published its Q4-2016 financial numbers Thursday, detailing the twelve week period ended September 25 2016.
Unibet in cooperation with -
Online gambling operator Unibet Group has signed a cooperation agreement with the FIFA subsidiary Early Warning System GmbH (EWS).
Kiron Interactive in deal with Digitain -
The online gambling expo and conference EiG 2016 has enabled two online gambling companies to come together in a commercial deal; specialist virtual games supplier Kiron Interactive has inked an agreement to distribute its virtual games via Armenia’s Digitain.
GLOBAL SPORTS BETTING WORTH $253.3 BILLION BY 2020 -
Ujjwal Doshi, lead analyst at the research firm, says, “Low-cost cross-border service delivery is opening up sports betting markets, which were previously protected by state-regulated monopolies or dominant local operators.”
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