Legalisation of Online Gambling Coming to South Africa?Published April 28, 2014 by OCR Editor
Draft bill to legalise online gambling soon to be introduced to Parliament.
There might still be some distance to go but the ball has started rolling on the proposed legalisation of online gambling in South Africa. However, as with all the best stories, the situation is a little confusing. Online gambling was set to be legalised in South Africa in 2007 (land-based gambling having been legalised and proved to be immensely profitable from 1996). There was actually a landmark ruling which stated that "gambling takes place at the punters computer" and that it didn't matter where the casino's servers were held.
Draft Remote Gambling Bill 2014
The draft Remote Gambling Bill was published in the Government Gazette on Wednesday April 23rd by DA Shadow Minister of Trade and Industry, Geordin Hill-Lewis. Having now also been tabled in parliament, the bill is open for public comment until the deadline expiration of May 23rd, 2014. Under consideration in the bill are the following;
- To provide for the regulation of remote gambling in the Republic of South Africa
- To provide uniform norms and standards in respect of remote gambling to be applicable throughout the Republic
- To prevent minors and vulnerable persons from being exposed to the negative effects of gambling; to ensure compliance with the Financial Intelligence Centre Act
- To protect the public and licensed remote gambling operators from fraud and criminal behaviour, money laundering or financing of terrorist and related activities.
Hill-Lewis argues that in spite of the fact that a draft Bill has been tabled there are no guarantees of if, or when a law might pass onto the statute books. A conservative estimate is around nine months, but it could be significantly longer than that.