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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.



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NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

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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.

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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.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

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