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Getting Closer to Full Implementation

South Africa is one step closer to a fully regulated and taxed online casino gambling industry with the announcement this week that a bill has been drafted and released to the public concerning taxation on the internet gambling industry. The South African government is not actually wholly for the legalization of online casinos in the market, but at the same time, the efforts to legalize the pastime are moving forward because the government has decided that regulation and taxation is better for the people of South Africa than an unregulated market run by offshore internet casinos with little oversight.

Stopping the spread of the online gambling industry has actually been really hard for national governments all over the world. Even if a country has legislation in place to ban and block the online casinos, the pervasiveness of the internet makes the ban unenforceable in many cases. So, to address the fact that offshore internet gambling companies have been heavily targeting the South African gambling market, the government just earlier this year passed an amendment to the National Gambling Act. That amendment specifically addresses online casino gambling and once it passed it has been merely a waiting game.

The regulation process though has taken a huge leap forward with the release of taxation regulations to the public. This initial draft of regulations is up for public scrutiny and indicates that the legalization of online casino gambling in South Africa is imminent. Public comment on the bill is valid until March of 2009 – at that point all comments on the tax regulation must be submitted to the Treasury for consideration.