South Africa Moves Forward with Online Gambling Regulation
Play Now at All Jackpots Casino!
South African lawmakers authorized a new bill yesterday targeting the regulation of online gambling websites in their country. If approved by their President, Thabo Mbekibars, the new law would prohibit gaming operators from advertising and force them to impose limits on player accounts.
In addition, companies wanting to facilitate any form of internet gambling in South Africa must receive a license to do so and place their gaming servers and records within the country. All of this according to Trade and Industry Minister Mandisi Mpahlwa, who addressed the National Assembly in Cape Town yesterday.
Another area of focus is the verification of player identity, to ensure players are over 18 years of age, which is the legal age for adults in that country. The player must sign a sworn statement that they are of legal age and get them to declare a bank account to delegate the transfer of winnings and losings.
The new law must still be approved by the National Council of Provinces, Parliament’s lower house, before it is signed into law by President Thabo Mbeki.
South Africa has taken a strong world leadership role with respect to online gambling regulation. They have performed years of research and weeks of intensive special hearings concerning the topic. The final product of their hard work is the National Gambling Amendment Bill introduced by the Department of Trade and Industry (DTI), which legalizes Internet gambling by creating legislation for the licensing of interactive gambling operators and creating laws and regulations under which they must abide.