Any posters here from South Africa care to comment on this one for us all. I'm curious to hear your take on this situation.
Internet gambling given a blow
Anyone wanting to operate any form of interactive gambling business in South Africa will have to locate their computer server and records here.
Mike Cohen, Bloomberg
12 Sep 2007 02:09
Lawmakers yesterday approved legislation that aims to regulate internet gambling sites, bars their operators from advertising and compels them to impose limits on clients' accounts.
Anyone wanting to operate any form of interactive gambling business in South Africa will have to obtain a licence and locate their computer server and records within the country, Trade and Industry Minister Mandisi Mpahlwa, told the National Assembly in Cape Town yesterday.
They will also have to verify the identity of their customers, ensure they sign a sworn statement that they are over 18 and get them to nominate a bank account to handle any transfer of gaming proceeds, he added.
The new law must still be approved by the National Council of Provinces, Parliament's lower house, before it is signed into law by President Thabo Mbeki.
Internet gambling given a blow
Anyone wanting to operate any form of interactive gambling business in South Africa will have to locate their computer server and records here.
Mike Cohen, Bloomberg
12 Sep 2007 02:09
Lawmakers yesterday approved legislation that aims to regulate internet gambling sites, bars their operators from advertising and compels them to impose limits on clients' accounts.
Anyone wanting to operate any form of interactive gambling business in South Africa will have to obtain a licence and locate their computer server and records within the country, Trade and Industry Minister Mandisi Mpahlwa, told the National Assembly in Cape Town yesterday.
They will also have to verify the identity of their customers, ensure they sign a sworn statement that they are over 18 and get them to nominate a bank account to handle any transfer of gaming proceeds, he added.
The new law must still be approved by the National Council of Provinces, Parliament's lower house, before it is signed into law by President Thabo Mbeki.