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In Prep for the World Cup

There are a whole lot of online casinos and internet gambling companies that are vying for a slice of the South African internet gambling and betting industry – but the government is stalling. For more than a year now the South African government has been considering new regulations and a licensing structure in the country that would welcome a controlled form of internet gambling into the country. Most foreign online casino gambling companies have respected the government’s request for adherence to the current ban – but with the outlook of eventual licensing bleak, Victor Chandler stepped up its licensing efforts in light of the pending World Cup. The World Cup is the largest and more prestigious football (soccer) game of the sport and South Africa has been honored as the spot for next summer’s big game.

That means though, that the South African government has really had to step up its game to ensure that it’s ready for the huge influx of teams, sports enthusiasts, and even land and online bettors. One of the top activities associated with the World Cup is a lot of online casino betting activity, and South Africa is preparing for that as well by officially licensing Victor Chandler to operate in South Africa. The betting company will have the first half of the year to really get all of the betting venues and processes in place so that it’s all ready for the Summer 2010 World Cup online betting activities.

This is not to say that other online casinos and betting venues throughout Europe wont be offering competitive odds for this huge game, but by licensing Victor Chandler in South Africa (and specifically not licensing other companies) VC will have a huge market share this summer. The licensing of VC is a great first step for the country into the internet betting market and will likely precipitate a strong move into the online gambling industry once the World Cup ends.