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Most Recent Online Casino News

SA Online Casinos Set to be Licensed in Africa

The government has taken its first steps to legalize online gambling.

It has published the National Gambling Bill, which deals with online gambling, among other issues.

Online gambling is done through Internet casinos which run off secure software that players download. Players deposit and purchase credits via bank deposits or credit cards.

Research has shown that Internet casinos usually pay out larger percentages than land-based casinos as they have fewer overheads and need to attract players.

The two major Internet casinos that deal in rands are www.piggspeak.co.sz and Silversands.

Internet casinos are generally licensed internationally and operate in various currencies.

Neil Dundas and Warren Weertman, from Sandton law firm Bowman Gilfillan, said that for a long time, governments all over the world hoped that if they ignored online gambling for long enough, it would go away.

"The fact remains that Internet gambling has not gone away. It has flourished into a multimillion-dollar business and created thousands of jobs."

"In 1996 South Africa passed the National Gambling Act, which is silent on Internet gambling. However, it does state that gambling in South Africa should be governed by a set of principles, one of which is that gambling activities should be effectively regulated, controlled, policed and licensed," the experts said.
 

Read the entire article at: iol.co.za 

2004 Online Casino News Archive

 

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