South Africa and Gambling

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South Africa is having to move ahead for online gambling. The regulation requirements are changing for any one that is about the EU. Apparently if you are in a country that is withholding gambling from you that country needs to step up and change their laws or they will face fines. This was brought on because of fair trading. A lot of countries have gambling already, like France in their land casinos. In fact most have a monopoly when it comes right down to it. So the EU is saying that those countries must open their doors up to the online industry to make it fair.

In a recent regulation South Africa decided to attach a new law to remove the National Gambling Amendment Bill stating that online gambling would not be allowed. The new law states that there are negative effects to gambling online such as money laundering, addiction, and they are including player protection in the bill. Every player that is going to use an online gambling site in South Africa is going to have to register with an online gambling company under the new laws. They must also be able to prove online that they are 18 years old in order to play online.

The law has also asked the companies online to have an electronic monitoring system so that the government can track any addictive behavior that may spring up. In this case they would also be able to stop any credit extensions from taking place. In other words the player wouldn't be able to gamble with money they don't have.

Thabo Mbeki the president of South Africa still needs to sign on the bill, so the changes have not yet been approved. If the bill is passed by the president then the South Africa National Gambling board will have to enforce the bill on the online gambling companies they allow to openly practice in the country.

There are a lot of these changes occurring in the last few months because of the trade agreement in the EU. The EU wants to have fair trade and any company not allowing online gambling who is a part of the EU will have to either pay a fine or change their tactics, which is why South Africa, Sweden, and France have all found a way to start implementing a new regulatory option.

If the bill is passed than such things as poker, bingo, and other skill based gaming will be available online. There are certainly many software producers of games ready and willing to sign on more players to their casinos. We can expect to see a lot of promotions for new players online to entice anyone into playing a round or several. These promotions generally offer free money to players who sign up and make the appropriate deposit. All casinos do this sort of thing, which makes it a little tough for some to register at just one place. There are also regulations regarding how many accounts can be open in one household.

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