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WAAG: South Africa: Online Casinos

The South African market is considering regulating and licensing online casino gambling sites as a way to not only bring in more revenue to the state coffers, but in an attempt to make the market safer for South African gamblers. Over the past decade there has been a bit of a free-for-all in the market as the government only has loose prohibitions against the online casinos, but no policies in place to actually prevent South African gamblers from accessing the gambling sites. Now that the government is drafting new regulations that will license gambling sites for the market there are only a handful of companies still accessing the market.

The South African government has actually asked that the online casinos voluntarily exit the market and stop allowing South African gamblers to access the sites while the regulations are in development. The government plans to license certain sites for the market and as such is relying on the scrupulous companies to stay clear of the South African market until there are regulations and a structure in place. As an added incentive to adhere to the government’s requests, the online casino sites that chose to still cater to South Africans will not obtain legal licenses to operate once the market is regulated.

This policy has actually worked to an extent – but only to an extent. The top online casino gambling companies have exited the market to await regulation but that has left a void that is now filled with unscrupulous gaming companies preying on the South African gamblers who are not willing to wait the months and years it will take for regulations to pass and take effect.