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South Africa's Minister of Finance, Trevor Manuel, this week released for public comment a bill that will tax Internet gambling. The bill provides for a special tax on "interactive gambling" which was earlier regulated in the National Gambling Amendment Bill approved by Parliament in May 2008.
The tax will be imposed on operators with an interactive gambling website in South Africa, and will fall on gross gambling revenue.
The initial National Gambling Act which this year’s bill amended did not provide for legalised interactive gambling in South Africa, the Minister explained. The amendment bill therefore allows for this form of gambling in South Africa in order to ensure regulatory oversight of the pastime, and to prevent it remaining in the hands of offshore jurisdictions, with little or no protection for local consumers.
The National Gambling Amendment Bill provides for strong national regulation of online gambling. By setting up strict national rules, South African legislators reinforced existing regulatory conditions and further protected consumers and children.
Tax in respect of interactive gambling activities is to be imposed in terms of appropriate legislation - carried out separately because taxes are imposed by a special procedure under section 77 of the Constitution.
Once public comment has been obtained, the Interactive Gambling Tax Bill will be tabled in Parliament during the first half of 2009; comments must be sent to Treasury before March 1 2009.
The full text of the Bill can be found on the Treasury’s website.

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Gambling News :

Playtech Acquires ECM Systems - Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.

Marks and Spencer store Manager steals to Gamblie Online - The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.

Chinese Gambling crackdown could damage high roller revenue - Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.

EvenBet Open Face Chinese Poker - Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.

PartyPoker Millions tournament guarantee Now GBP 6 million - Online poker operator PartyPoker announced Thursday that it is to boost its PartyPoker Millions tournament guarantee by a million sterling to GBP 6 million, claiming it is now the biggest prize pool guarantee in European poker history.

2016 EPT Malta - The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.

Novomatic has announced a legal action against Euro Games Technology - Online and land gambling equipment and games provider Novomatic has announced a legal action against Euro Games Technology Ltd., which it claims has unfairly created imitations of its slot games.

Starcraft ProLeague SHutting Down after 14 Years - Announcing the end of the road for the League, once pre-eminent in Asian eSports gaming, the Korean Esports Association blamed ethical scandals and competition for its decline in popularity.

Team Hot Launches - #teamhot The Philippines licensed and GGNetwork-powered online poker operator Natural8 has announced the appointment to its "Team Hot" professional player line-up of Asian poker aces Kitty Kuo, Xuan Liu and Dong Kim.

Netent Q3-2016 Earnings Report - #netent The UK continues to be an important growth driver but the weaker pound had an estimated negative effect of about three percentage points on revenue growth compared to the same quarter last year.

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