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SOUTH AFRICAN ONLINE GAMBLING TAX REGS RELEASED

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.



Gambling News :

Oink Country Love Slot Launches - Oink Country Love will have players tapping their feet to the country beat with the lovable Oink Bros, Willy and Chancho, who are trying to win over the heart of Miss Southern Charm in this five by three reel, 45-line online slot.

Tim Chung Wins MPNPT Manchester - The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.

MPNPT Manchester Day 2 - Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.

Day 1B MPN Poker Tour Manchester - Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.

Day 1A MPNPT Manchester - The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days

Kung Fu Rooster Slot Goes Live - Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.

Sensational Sixes Slot Goes Live - Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!

3 New Betsoft Slots - 3 new Betsoft slot Games were also added this week to most online casinos allowing US players.

2017 Bodog Super Millions Poker Open - The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.

Pokerstars Pulls Out Of Coloumbia - Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.

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