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SOUTH AFRICAN GAMBLING HEARINGS COMMENCE

Monday, October 31, 2011 : Industry representatives put their case to parliamentarians
 
The public consultation phase of the South African government's Department of Trade and Industry study on the recently presented Gambling Review Commission's report kicked off this week in Cape Town, with industry representatives from both land and online interests in attendance.
 
The Commission was appointed in 2009 by the trade and industry minister to investigate the appropriateness of gambling policy and regulations, and the proliferation of gambling opportunities both on lnd and over the internet.
 
This week's hearing focused mainly on horse racing, bingo and online betting, according to reports in the newspaper Business Day. Horse racing industry parties bemoaned the decline in stakes and race meetings over the past thirteen years, a plight not uncommon in international horse racing.
 
"In aggregate, as the cost of ownership is greater than the total stakes available, owners make a net contribution to the sport of horse racing in SA," the Racing Association said in a written submission.
 
"With stakes remaining flat and costs increasing, the burden on thoroughbred racehorse owners becomes more onerous each year. Owners currently fund the sport by over R570 million.
 
"Owners are under more financial strain now than they have ever been in the past. If the current system continues, owners will be forced out of the sport."
 
The Association proposed that because bookies make good profits from betting on the horses, they should make a contribution to subsidise the industry. The bookmaking representatives were quick to oppose this idea, insisting the industry was funded by betting patrons.
 
The proposed withholding tax of 15 percent on all gambling winnings of R25 000 or above was also a "major threat" to the industry, the Racing Association said.
 
The Association feels that it is being "penalised" under current tax law by its losses being ring-fenced. One of the turf club companies proposed a government grant to assist the industry.
 
Business Day reports that a major issue for bookies was the Commission's recommendation that person-to-person betting exchanges be brought into the regulatory framework. Neither of these parties would be licensed and determined as fit and proper beforehand — as is the case with bookmakers — placing punters at risk, they claimed.
 
"Person-to-person exchanges by their very nature can be expected to bring about a proliferation of unlicensed persons endeavouring to make their living by acting as bookmakers," the associations for KwaZulu-Natal, Gauteng and the Western Cape said in their submission.
 
Addressing the question of legalising and regulating online gambling, Betfair welcomed the recommendation that online gambling be regulated rather than prohibited and called for uniform legislation throughout the country to safeguard players.
 
The Bingo Association criticised the Commission’s recommendation for electronic bingo operations to be banned, claiming this was just giving in to the demands of the casino industry.
 
The Commission’s report suggests that the bingo industry requires more regulation because bingo halls have been allowed to "proliferate" across the country, a claim that the Association said was an exaggeration, and urged the government to reject.
 
Further hearings are planned before the report goes to Parliament.



Gambling News :

NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday - Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.

Pro League Reveals Sportradar Contract Details - The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.

NFL Odds: Steelers Visit Undefeated Chiefs #TNF - The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.

Mega Moolah strikes again - The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.

2 New Slots For Microgaming Casinos - David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.

MLS Odds: Red Bulls vs. Whitecaps - The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.

Velka Pardubicka On RacingUK - Felix de Giles flies the British flag in Sunday’s Velka Pardubicka

Mega Moolah Jackpot Hits on 9/27/2017 - Another millionaire made on Microgaming’s Mega Moolah; 5th largest Microgaming payout

Simon Jones is crowned the Greatest Poker Player in the Universe - A €10,000 leaderboard tracked player progress throughout the series to determine who the Greatest Poker Player in the Universe was. Professional poker player/sports psychology lecturer, Simon Jones, took the crown with a €5,000 cash bonus and trophy to prove it.

MLB Odds: Yankees Favored in AL Wild Card Game - After a strong regular season, the New York Yankees (91-71, –1.00 betting units) opened as –235 home favourites for Tuesday’s AL Wild Card Game against the Minnesota Twins (85-77, +11.48 units). First pitch is at 8 PM ET on ESPN.

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