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Attempt To Legalise Gambling In South Africa
Saturday January 25 ,2014 : NEW ATTEMPT TO LEGALISE ONLINE GAMBLING IN SOUTH AFRICA
Opposition Member of Parliament set to trigger the latest developments in a long-running issue.
For almost a decade now, industry observers have marvelled at South Africa's remarkable procrastination on the legalisation of online gambling despite research studies, overseas fact-finding missions and political debate.
In the latest development, Geordin Hill-Lewis, a member of parliament and shadow minister in the opposition Democratic Alliance party has drafted a bill that seeks to repeal the 2008 National Gambling Act and legalise online gambling beyond the present limited permissions for sports betting.
Online gambling proponents fear that the delays in moving forward on online gambling have left South Africa trailing the trend in European nations toward legalisation and regulation, and more recent initiatives on legalisation in US states like Nevada, New Jersey and Delaware.
The Hill-Lewis bill reportedly proposes that licenses for online gambling operators would be issued at provincial level (the country has ten provinces) and that even currently permitted operators of sports betting sites would be required to reapply.
Taxation would be at the discretion of the individual provinces, but there would be a national body to bring about the harmonisation of standards in order to ensure that provinces all operate on an equal footing.
Tax recommendations have yet to be finalised, with some sources suggesting that a 6 percent tax on gross gaming revenue would be acceptable, split 30 - 70 between the national and provincial governments. Application and registration fees are at this time unknown.
The bill envisages licensing for service companies as well as operators.
Tyrone Dubbin of Sportingbet SA, who has apparently seen the draft, said this week that it was a step forward in enabling operators to answer the demand of South African punters for a full suite of online gambling products beyond sports betting, to include casino games.
Regulation would help operators to provide a safe and secure gambling environment for local online gamblers, he opined.
The bill has a long run ahead in an often fractious political environment where the ruling African National Congress holds a strong majority.
If this measure makes it through the political gauntlet, work will have to start on assembling standards and regulatory requirements, which is likely to take some time and negotiation with provincial governments.
There have been some indications that the ruling party may at last be ready to move forward on legalisation; late last year trade and industry minister Rob Davies, who appears to be the national government's point man on the issue, announced that a national regulator would be set up to oversee all aspects of gambling, including the online variety
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Gambling News :
Wanajump Launches -
#Wanajump Spanish online and land gambling operator Grupo R. Franco appears to be emulating the William Hill group, announcing this week that it is to begin a start-up accelerator program for innovative entrepreneurs, which it has titled Wanajump.
Coral Launches player proposition betting product -
Digital Sports Tech, a business-to-business software provider of sports betting solutions, has signed a deal with UK online and land sports betting operator Coral to provide an innovative player proposition betting product.
Oshi online casino now accepts fiat currencies -
The Oshi online casino, which started just a year ago as a Bitcoin-denominated operation, has described its expanded activity in a statement this week, noting that in addition to Bitcoin it now accepts fiat currencies and has added new game providers to its roster of suppliers.
New Standards for UK Online Gambling -
Online gambling service and technology providers, along with operators and testing agencies will be studying the new gambling software and technical standards proposal published by the UK Gambling Commission following a public consultation.
Pennsylvania Gambling Bill 1887 returned with additions -
The interaction between the Pennsylvanian House and the state Senate has become increasingly like watching a game of ping pong as the two political establishments wrestle with online gambling legalization and court-ordered tax fixes in the dying days of the current political season.
Mybet Earnings Struggle -
The statement this week reveals that Mybet continued to be hampered by negative trends from historic quarters, making its original performance estimate "unrealistic".
Tom Horn Awarded Malta Gaming License -
Online gambling software provider Tom Horn Gaming has been awarded a Malta Gaming Authority license that permits the company to host and manage Malta-based gaming operators.
Calvin Ayre invests in new Antigua Business Center -
Ayre joined with government officials this week in a ground-breaking ceremony for a five-story centre on Antigua which will be home for the venture. The "green" building will be solar powered and provide employee-friendly services like catering, a gym and child care.
Attack of the Zombies Slot -
Online gambling games developer Genesis Gaming has unveiled its latest game, with a theme based on a horror story of the undead, exploiting the current trend....and just in time for Halloween.
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