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Finally Online Casinos in SA

Online casino gambling companies and many internet gamblers all over South Africa have long awaited the new legislation that legalizes internet gambling in the country. The South African parliament has delayed and fine-tuned the planned online gambling legislation for many months at this point, but the National Gambling Amendment Bill has actually fully passed through parliament according to media reports and a statement issued from the National Gambling Board. The new Bill does not immediately legalize online casinos in South Africa - the bill is still awaiting the signature of the President.  Once the Bill is fully approved it provides the Board with the ability to begin implementing the licensing and regulatory aspects.

The new Bill thoroughly covers all of the industries and topics related to a state online casinos industry, from minimum standards and practices, to advertising restrictions, and even outlines the precise licensing requirements. At this point, now that Parliament has fine-tuned the Bill, the South African President is the last step before the Bill becomes law. President Thabo Mbeki is expected to sign-off on the bill in the coming weeks after reviewing the new regulations and specifics of the bill. Most analysts predict that the online casinos industry will not be fully up and running until next year at the earliest.

The new regulations within the Bill will safeguard the current dangerous online casino gambling industry while providing the government with additional revenue from the taxes placed on the industry.  The new revenue the government receives will go toward funding social programs and other areas on the budget in need of funds. The current South African online gambling climate is unregulated which means that underage and problem gamblers can be easily exploited by foreign online casinos. The new Bill addresses these issues and eliminates the exploitation of vulnerable individuals through strict regulations and monitoring of the industry.