Archive September 2010

South African Online Gambling Scenario

The online gambling scenario in South Africa is a peculiar one. The government has in principle approved the concept of legalization and regulation of online gambling, but is procrastinating on the implementation. Therefore it remains illegal for offshore online gambling operators to offer services in South Africa. And while online gambling remains illegal it has to be stopped. The onus has fallen on the Reserve Bank, which is the country's central bank. The Reserve Bank has passed to buck to the commercial banks. In a circular issued them the Reserve Bank has asked them to use the national payments system to flag and block transactions with offshore gambling websites.

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Tuesday 11 May 2010 | Casino News |