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SOUTH AFRICAN ONLINE GAMBLING BILL STILL AWAITING PRESIDENTIAL SIGNATURE
The South African National Gambling Amendment Bill, which introduces a government controlled licensing and regulatory regime for online gambling is apparently still awaiting signature by the country's peripatetic president, Thabo Mbeki despite having passed Parliament in May this (2008) year.
The legislation, which will fall under the supervision and enforcement of the South African National Gambling Board, seems to have taken an inordinate amount of time to progress to this final stage, despite extensive debate and a wideranging study of the industry worldwide conducted by a team tasked by the Board.
The usual priorities of protection for the vulnerable and underage, fair gaming and the exclusion of crime and money laundering are addressed in the legislation, which requires operators to use exclusion and addictive gambling warning systems, register players and ensure that any person seeking registration is aged 18 years or older.
The Act also includes provision at section 6(b) for a player dispute resolution procedure through the South African National Gambling Board, and imposes strict rules that regulate the advertising and marketing of online gambling, confining these activities to licensed operators and their service companies and imposing similar restraints to those applied to the land gambling industry.
One of the interesting requirements of the Act relates to winnings: section 9 requires licensed online operators to immediately credit registered players' accounts with any cash money prizes, and even covers procedures where the prize is of a non-monetary nature.
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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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