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| Staff Join Date: Feb 2008
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Parliament has “parked” the National Gambling Amendment Bill to thrash out the question of advertising for online gambling. This comes after the National Council of Provinces (NCOP) amended the Bill to include an outright prohibition on the advertising of online gambling. The Bill, as introduced into Parliament last year, would have amended the National Gambling Act of 2004 to regulate “interactive” gambling, defined as betting over the Internet or mobile phones. Gambling is big business in SA, with gross gambling revenue (GGR) approaching R14 billion – about half of the country's defence budget. The National Gambling Board defines GGR as turnover less winnings paid to players. Current legislation bans all forms of organised gambling unless licensed. At present, only terrestrial casinos, bingo parlours and betting associated with horse racing are legal and licensed. Most are keen to enter the interactive gambling market once regulated. Read more of this online gambling article here...
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