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IS Online Gambling Threatning South African Land Gambling

Tuesday january 13,2015 : IS ONLINE GAMBLING REALLY A THREAT TO SOUTH AFRICA'S LAND INDUSTRY?
 
Casino Association of South Africa says it is.
 
Themba Ngobese, the chief executive of South African land gambling industry trade body Casino Association of South Africa, claimed in a statement issued Monday that despite its illegal status in the country, online gambling was growing fast and constitutes a threat to the legitimate land gambling industry.
 
In what appears to have been an attempt to spur government into action against the genre, Ngobese made some startling if hypothetical claims that if only 5 percent of the available gambling revenue in South Africa was going to illegal internet gambling operators, it would represent an annual loss of around R110 million in tax for government.
 
But the gambling executive admitted that due to the wide prevalence of illegal online betting it is almost impossible to accurately determine the tax losses.
 
He also made the rather tenuous claim that an alleged 20 percent drop in punter visitations to European land casinos is due to the advent of legal online gambling in several countries, saying that if a similar trend is followed in SA, the resulting tax and job loss in the industry could be devastating.
 
The CASA exec said that his association has launched an awareness campaign on the negative consequences of online gambling.
 
"It may all seem like harmless fun to gamble online, but players are completely unprotected and operators are not registered or regulated to run a business in our country," he pointed out in the CASA statement.
 
Ngobese claims that the illegal online gambling industry is already having a significant effect on the gross revenue growth of the gambling industry. He claims that revenue growth from casinos and horse-racing dropped to 0.6 percent over the last year compared with 10 percent growth in 2012-13.
 
CASA is also worried about what it perceives as growth in illegal "backroom" online gambling activity at internet cafes and appealed to the public to report any instances that come to light.
 
South Africa's land gambling industry contributes SA Rands 2.2 billion annually to the government tax coffers on revenues of SAR 21.8 billion, according to National Gambling Board figures quoted by the publication Business Day this week.
 
South Africa has for the past decade or more flirted with the idea of legalised and licensed online gambling before the possibility was finally abandoned by government last year in a decision to let the currently illegal status stand
 
Existing laws provide serious punitive measures that include fines of up to SAR 10 million or imprisonment for up to 10 years for operating or even playing at an online casino.
 
The South African tax authorities have warned that any South African receiving undeclared regular income from illegal gambling operating or playing will nevertheless be taxed, and if necessary it will make its own assessment of what amounts may be appropriate.



Gambling News :

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Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

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