South Africa National Gambling Amendment Bill was finally signed by the nation’s president -Â Thabo Mbeki. The bill to license and regulate online gambling was signed earlier this week. The bill to set up regulations for the online gambling was introduced to the South African parliament more than a year ago.
The South Africa’s National Gambling Board concluded that there is a need for licensed and regulated online gambling for the African nation.
The gambling bill has been debated up and down, and makes provision for player protection and disputes, the protection of underage and problem gamblers, advertising and marketing controls, a tough licensing and regulatory regime and anti-money laundering precautions.
The United States government continues to debat on the subject of online gambling ………while other countries move ahead towards legalizing and regulating the gambling industry. In many cases taxation is the strong magnet pulling decisions along. The South African government went to great lengths to ensure that every base was covered. (In the meantime the online casinos of the world are lined up and waiting to enter this attractive new market).
Only United States government continues to let the illegal Internet gambling sites thrive, and the rest of the world has moved more diplomatically towards legalizing and regulating the industry.