South Africa prepares to legalize and regulate online gaming

by Lou on December 18, 2006

Count the Republic of South Africa among the nations planning to legalize and regulate online gambling, rather than prohibit it.

A draft bill approved by the South African Cabinet will legalize online gambling if it is enacted into law. Provincial governments are concerned about losing a tax revenue source since online gambling is available via online casinos, online poker rooms, and bookmakers.

According to South African trade and industry deputy director-general Astrid Ludin, the key challenge is to effectively regulate all internet gambling and also how to put in place mechanisms to prevent money-laundering.

The Trade and Industry ministry evaluated other national approaches toward regulating online gambling, including the UK and the US, eventually deciding that regulation was a better option than prohibition.

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