Online Gaming Legalised in South Africa
30th July, 2008
Thabo Mbeki today officially allowed online gambling in South Africa, after the nations gaming association called for amendments to current laws. A report conducted by the gaming association highlighted the need for legislation to control and maintain a safe online gambling industry. Before the bill was introduced no legislation was in place to monitor sites, and licenses were not needed to setup a site. However as a result of the new laws, each site will apply for a license and agree to be regularly monitored to make sure the sites are acting legitimately.
The laws cannot be put into action until President Mbeki announces a date, fustrating many who believe the law should be implemented immediately. Currently no legislation exists to stop underage players signing up to online gambling sites and using their services. Restrictions will also be put in place on those who are deemed to be spending to much credit on online games. An electronic monitoring system will work out those who may be addicted and will close all accounts to stop them betting any more money.
The South African gambling industry has grown significantly withing the last 7 years with revenues up from $811 million to now $1.8 billion. The online gaming market in South Africa, is therefore expected to grow in a similar way it has done in the UK and some parts of Europe.
By Jamie
