Online Casino Gambling --- Casino News

There has been a lot of talk over the past couple of years about the online casino gambling industry in South Africa – namely the fact that South Africa currently does not have any hard and fast regulations in place to protect its citizens from offshore gambling companies. The unregulated market is unsafe for the gamblers, yet naturally that has not stopped the industry from flourishing and growing rapidly in the market. The South African government has been working closely with the National Gambling Board to create a set of regulations and legislation that will effectively block out unregulated sites and make the South African gambling market a mini-model of the UK market essentially. There has been talk of licensing the online casinos and only allowing licensed companies to then advertise in the market. These new regulations are designed to specifically block out the gaming sites that are currently gaining momentum in the market.

The new legislation in South Africa has been in the works for more than a year now and reports out of the government indicate that new legislation may be just around the corner – a couple of months on the outside. The process has taken some time because the current online casino gambling legislation making its way through the government was not only written and reviewed, but then it was publicly published for comment. The National Gambling Board anticipates that if the regulations and new legislation make it through without many changes there will be no need to re-publish the regulations publicly.

The National Gambling Board is eager to implement the new regulations because of the many online casinos that are currently operating in the regulatory void. Notably, the Board has publicly stated that any internet gambling companies that have operated in the South African market illegally will not be eligible for one of the roughly ten licenses that will likely be rewarded once the new regulations and legislation passes.