Each new day brings more certainty that online
casinos will soon be regulated in South Africa. The proposed law calling to
establish licensing and regulatory framework for online betting sites has made
its way into the public light as of late - the details of which reveal a highly
comprehensive piece of legislation looking more like the soon-to-be-enforced
2005 UK Gambling Act.
This week during a presentation to the
Parliamentary Portfolio Committee on trade and industry, the Director of Legal
Affairs at South Africa's Department of Trade and Industry, Brian Muthwa, stated
that licensee applications will be drawn up according to amendments to the
National Gambling Act, which are currently being proposed. This means that
everybody from the gaming software developers and their online casino licensees
on down to key employees, equipment suppliers, manufacturers and maintenance
provider will be licensed according to National policy.
According to the Department of Trade and Industry,
every entity and person that is involved with the production and distribution of
online gambling software and equipment will be required to hold appropriate
licenses. The DTI also reinforced that all regulatory framework will equally
apply to remote vendors located outside of South Africa borders.
Similar to the UK's recently published online
casino whitelist, some of the factors used to award licenses will required
operators to uphold socio-economic standards and a commitment to fueling South
Africa's economy. Online casino operators will also be prohibited from extending
credit to players in the interest of preventing problem gambling and financial
turmoils.