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Victory for Integrity

The South African gambling market is one step closer to regulations than ever before – this is a huge victory for the land casinos in their efforts to effectively compete with illegal online gambling operations. Over the past year the South African government has been in development of new regulations that will allow internet gambling companies to operate legally in the South African market through a new licensing framework that is currently in development and in the final stages of approval. The fact that licensed internet gambling is so close is a major victory for the patient online casinos that have honored the SA government’s requests over the past several years regarding taking heed of the previous SA ban on internet gambling.

Those online casinos that have been flourishing the in regulatory void are now facing a forced exit from the market as legal and licensed internet gambling companies will effectively dominate the market. The SA government has publicly stated that the new licensing regulations will expressly forbid licensing to any online casino gambling companies that have been operating in the SA market in the past. The benefit facing those internet gambling sites that receive a license are plenty – these companies will not only have exclusive and full access to the SA online gambling market, but new advertising regulations are in development and legal and licensed sites will have the ability to advertise their services in the SA marketplace.

The proposed SA regulations are quite similar to the UK regulation in fact and are modeled off of that successful model. The UK market is one of the safest online casino gambling markets in the world and the new SA regulations that are up for approval will have some very definite similarities.