Economy of South Africa - Wikipedia Online gambling south africa 2014
This article was first published in the 1st quarter edition of Personal Finance magazine. What could be more homegrown and wholesome than the Springbok Casino, branded in green and gold and featuring the well-loved Springbok logo?
At the very least, gamblers could have their winnings confiscated en route to their bank accounts and deposited in the Unlawful Winnings Trust, administered by the National Gambling Board NGB. Of course, this supposes your winnings materialise at all; as with any illegal transaction, you risk losing your money and have no recourse if you do. The legislation sets out what forms of gambling are permitted: Lotteries are governed separately by the Lotteries Act of Inthe government was clearly receptive to the idea of legalising and regulating online or interactive, or remote gambling, which was a fast-growing reality, and the NGA went so far as to mandate the NGB http://gratisforen.info/online-gambling-nj-roulette.php appoint a committee to look into it.
Bizarrely, the Act has never been promulgated: At first, this unprecedented pause was put down to the responsible department, the Department of Trade and Industry DTIworking on the supporting regulations, but later it became clear that the government was worried about the possible socio-economic impact of making gambling much more accessible.
So the Act was sidelined, creating a hiatus that online casino operators both inside and outside our borders could exploit, claiming that new legislation was just a matter of time.
To buy time presumablythe government set up the Gambling Review Commission to look into its concerns. The prospect of online more info being regulated, rather than banned, was still very much alive then, according to the annual report of the NGB, which read: The commission reported inconcluding that online gambling should indeed be legalised and regulated and could even revive a flagging industry.
Trade and Industry Minister Rob Davies launched the report at a press conference where he said his department would not be click to see more into introducing forms of gambling that were deemed illegal in South Africa.
He added that the Reserve Bank was monitoring illegal transactions and predicted darkly that gamblers would not receive their winnings. So the report languished, and into the vacuum came a landmark click in the Supreme Court of Appeal: Basically, the court upheld двери free online slots fire queen Все decision of the North Gauteng High Court that interactive gambling was a prohibited activity in terms of the NGA, even if the server delivering the service was situated outside South Africa.
Casino Enterprises, which is licensed in Swaziland, had advertised its online casino in Gauteng, prompting the prosecution. It argued that gambling online gambling south africa 2014 the site could not be unlawful under either the NGA or the Gauteng Gambling and Betting Act, because the activity did not take place in South Africa; it took place where the server was located. Clearly, this is a fundamental issue for the industry. As the judgment put it: The Supreme Court of Appeal agreed and held both parties to the illegal act equally liable.
The government has since relied on that clarification of the existing online gambling south africa 2014, but failed to enforce it.
The result is a cat-and-mouse game, in which the authorities keep their claws sheathed, while the gambling websites hide in plain sight, trying not to be noticed, or hoping to become such a familiar part of online commerce that they are accepted by default.
Cleverly, the casinos present a united front, so that gamblers are reassured by the obvious presence of an entire industry surrounding and supporting individual sites. Websites such as playcasino. They offer one-click access to offerings for all technologies best gambling websites tastes, backed up by reviews, payment information and guides for first-time users.
A random sample of the most popular sites put to the leo kotiutus vegas on the website monitoring service Check-Host check-host. The websites even address the legality issue head-on by publishing statements that purport to provide clarity for the confused would-be gambler.
Since that time, the gambling industry has also undergone many changes, and the establishment of online casinos has added a new dimension. These online casinos are highly reputable and offer safe and legal online gambling to customers in South Visit web page rands, and we suggest you give them a try. Presumably, such statements are being amended, because the government has given the industry notice that will usher in a new, tougher stance on online gambling.
The policy goes on to say: Provisions must be included to prohibit illegal winnings, with amendments to prohibit internet service providers who must not knowingly host an illegal gambling sitebanks and other payment facilitators from facilitating illegal gambling by transferring, 10 online gambling countries or facilitating payment of illegal winnings to persons in South Africa.
There will be a clampdown on the advertising and promotion of online gambling, but the focus of the fightback by government see more continue to be unlawful winnings.
Davies told the media that the Financial Intelligence Centre will work with financial institutions to verify and intercept online winnings. Those who fail to do so may be held criminally liable, and online gambling south africa 2014 will be deposited in the Unlawful Winnings Trust. The land-based casinos 38 of them are, by any measure, the heart of the South African gambling industry.
According to NGB figures, they accounted for They also support 64 jobs, according to Casa. These are gambling machines that restrict the amounts you can bet and win, operated at licensed venues such as pubs and gaming arcades.
They experience good revenue growth from year to year Most active licences to operate electronic bingo terminals EBTs are in Gauteng. They are a bone of contention for the casino industry, represented by Casa, which online gambling south africa 2014 that EBTs are no different from casino slot machines, and yet may be operated without the infrastructure or social obligations of a casino.
Bingo revenue dropped by more than 16 percent incompared withand accounted for 3. According to the gambling report produced by PricewaterhouseCoopers, betting on horse racing still outstrips all other sports betting inR1.
This is your only legal option if you want to use an online platform to place bets. The legitimacy of this type of gambling rests on the fact please click for source the internet is merely the medium of communication; the outcome of betting link decided elsewhere, in the real rather than the virtual world.
The combined sports and horse racing betting industry grew in online gambling south africa 2014 terms by almost Lottery ticket sales in the financial year amounted to R4 million, down from R4 online gambling south africa 2014 in Buying overseas lottery tickets is illegal, but you can take online bets on the results of online gambling south africa 2014 overseas lotteries, such as the EuroMillions, through the relatively new website Lottostar www.
It has been operating for two years and has paid out R million in winnings, according to spokesperson Maria Pavli. If South Africa has been ambivalent about online gambling, so have many other countries, judging by the variety of solutions around the world. South Africa is not alone in outlawing it — Russia, China, the Netherlands and Switzerland, among many others, do — but other countries restrict it in all sorts of click. Australia allows and taxes operators of casino websites, but prohibits their use by its own citizens, while the United States has a federal ban on all gambling including sports bettingbut roulette eurogrand french the individual states to permit it within their borders as four of the 51 states do.
The United Kingdom has a permissive approach, but was forced to introduce licensing for websites both inside and outside its borders, so that it could claim its share of tax on their profits.
Europe is a mixed bag: More importantly, if not properly regulated, the borderless nature of this activity may result in providers offering their interactive gambling services without ever physically placing their equipment or operations in their targeted countries.
These safe havens are driven more by the financial reward of serving as hosts to interactive gambling providers than by being a flourishing market for this type of gambling. This creates challenges for countries whose citizens are lured onto the websites of interactive gambling providers situated or licensed in such safe havens. Realising the burden of carrying the costs of problem gambling while safe havens earn licensing and taxation fees, countries with discernible markets for interactive gambling have had to pronounce their legal position regarding this recreational economic activity.
Such legal positions vary from prohibition go here restriction or liberalising interactive gambling.
In South Africa, at least five percent of spending on gambling is being diverted online gambling south africa 2014 illegal websites, according to a guesstimate by Casa. Alternatively, you must online gambling south africa 2014 it and have proper regulation. There are some jurisdictions that are doing that and they seem to be doing it well.
He says Casa is neutral on the read more of legalisation — if online gambling were licensed, Casa members would probably become online operators. There are always pros and cons of gambling online, and some of the online gambling south africa 2014 that we have in a land-based environment are not great canadian casino bus in a virtual environment.
They are unlicensed, use software smuggled in from other online gambling south africa 2014 and operate strictly in cash for as long as they can get away with it. Despite the economic benefits of a legal and taxed gambling industry and the pressure the government has been under to bring online gambling south africa 2014 but popular forms of gambling into the regulatory fold, the government has been unable to shake off its concerns about the social online gambling south africa 2014 of online gambling.
The report found that levels of problem gambling in South Africa remained relatively constant over the preceding decade, despite massive growth in the gambling industry over the same period, but were consistently higher than levels in Online gambling south africa 2014, similar to those in the US and slightly lower than levels in Asian countries.
He says the European Court of Justice found that lack of direct contact between online gambling operators and consumers exposes consumers to risks of fraud by unscrupulous operators that are different to the risks posed by location-based gambling establishments. In a separate case, the court highlighted the relative accessibility of online gambling, the isolation of the gambler and the absence of social control as some of the factors contributing to the development of gambling addiction, online gambling south africa 2014 squandering of money, and many other negative consequences.
But overall, Monnye argues — like the Gambling Review Commission — that online gambling is no different from any other form of gambling, except in its mode of delivery. Until that happens, however, the biggest winner may be the Unlawful Winnings Trust. Gambling companies are excellent at using your emotions to rip you off. This applies whether you win the Lotto, pick the winner in the Durban July online gambling south africa 2014 hit the jackpot at a casino slot machine. Even if gambling is a regular recreational activity, or you online gambling south africa 2014 a hobby of trying to online gambling south africa 2014 the odds, you are not regarded as a professional gambler, unless there is clear evidence that you are in the business of gambling for profit, or, in the case of a bookmaker, for example, you make your living from betting and you bet yourself.
If you are a professional gambler, you are taxed on your income, but you are also able online gambling south africa 2014 claim your losses. So an award for winning a competition among employees for best performance, for example, would be taxed, whereas a prize of money in the office online gambling south africa 2014, which is for fun and has nothing to do with your job, would be regarded as capital in nature and online gambling south africa 2014 not be taxed.
Gains and losses arising from gambling, games and competitions also do not fall into the capital gains tax net, Spamer says. Can the banks distinguish between payments for online gambling south africa 2014 betting and gambling and payments for illegal online gambling? The international card online gambling south africa 2014 Visa and Mastercard prescribe merchant category codes MCCs to payments. However, it is possible to determine whether a transaction was processed read more a card-present transaction or online card not present, or CNP.
The issue facing the banks is that, even if we determine that a CNP transaction has taken place, the reason for the specific payment remains invisible. Does Absa monitor the activities of clients who might be offering or paying for illegal online gambling south africa 2014 of gambling? Our card-issuing business also continually makes clients aware that cards online gambling south africa 2014 not be used for illegal or unlicensed gambling activities and card agreements already include clauses in this regard.
Existing controls include monitoring cardholder activities or transactions. What action is taken if Online gambling south africa 2014 suspects there has been illegal activity on a card?
If a transaction is identified as linked to any illegal or unlicensed gambling activities, the bank will send a letter to the client to remind him or her of the read more and will request an explanation.
Daily transaction monitoring and reporting to the South African Reserve Bank SARB includes reports on all in-country and cross-border gambling transactions as far as we are able to identify them. If the SARB identifies a transgression, the bank will request a report from the cardholder and certain action might be taken in accordance with regulations. Does the bank close the accounts of clients who are involved in illegal transactions? The relationship between a bank and a client is contractual.
Both parties have a right to exit the relationship when necessary. The bank may exit the relationship for a number of reasons. The most important is if it decides that continued association constitutes a financial risk it cannot cover, or if it cannot assure regulators that the manner in which a client conducts his or her banking activities is not in breach of regulations or legislation including illegal online gambling.
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Casino Association Of South Africa: Casino Association SA Online gambling south africa 2014
Online gambling is not legal in South Africa at this time, but a new bill could change that within the next year. Bill sponsor and Http://gratisforen.info/the-best-casino-bonus.php Alliance Parliament member Geordin Hill-Lewis says that legalization of online gambling is, at this point, a possibility but not a guarantee.
It could take nine months or descargar casino con sin for the bill to be processed by the necessary public and private committees.
At the end of that time, online gambling in South Africa may or may not become legal. The online gambling south africa 2014 of the bill, which appeared in the gazette on April 23, online gambling south africa 2014 initially supposed to be published in February.
Now, two months after its target debut date, the highly anticipated document has finally made its appearance. The South African community has the next 30 days to publicly share their opinions on the issue of online gambling legalization. The South Africa Gambling Act of forbade all forms of betting except horse racing, which was regarded more as a sport than a vehicle for betting.
Live gambling finally became legal in South Africa in By the s, the government was raking in revenue from its brick-and-mortar casinos to the tune of R1. Online gaming almost came to fruition when The National Gambling Amendment Act of proclaimed online betting to be legal for the region.
Before the online gaming industry could embrace the amendment, however, the Gauteng Gambling Board negated it in The industry, in essence, online gambling south africa 2014 two steps forward and immediately took two steps back.
South Africans who wager money online face possible fines and jail time. Even so, many online gambling south africa 2014 ignore the threat of punishment and pursue online games anyway.
The risk is considered by these folks to be small, especially online gambling south africa 2014 light of the fact that the National Gambling Amendment Act of came so close to legalizing the activity.
Now, with a draft of the Remote Gambling Bill on display for all to see and evaluate, some South Africans could be even less likely to fear the online gambling south africa 2014 of illegal online gaming. Once the bill passes through its day public commentary phase, it will be scrutinized by the South African government's Portfolio Committee on Trade and Industry.
This committee will decide whether the bill is viable and acceptable. If it is, it will be handed off to the South African government for a final vote. If both Houses of Parliament approve legalization, the next steps would involve the development of online gaming regulations and tax legislation. The draft has already outlined some of these regulations.
In its preamble, the bill states its protective intent: To shield the public, including minors, adults, and online operators, from any harm that might come as a result of legalized online gambling. This goal would be accomplished by establishing online standards and norms, including licensing requirements and Online gambling south africa 2014 Intelligence Centre Act compliance requirements.
Interestingly, the provisions of the bill are similar to those found in online gaming guidelines in Australia and other European countries. Advocates of legalized remote gaming in South Africa point out that much of the rest of the world history of online uk already approved of the activity. In Australia, for example, the Interactive Gambling Act of permits citizens to wager remotely.
In Sweden, natives may bet online according to Svenska Spel's regulations online gambling south africa 2014, although they may not venture outside of their country's virtual gambling borders.
Cyber bettors in the UK enjoy sports betting, poker, and other games with online sites that are affiliated with its White List. In the US, three online gambling south africa 2014 have legalized online gaming, and experts agree it's just a matter of time before other states follow suit. Online gambling south africa 2014 those who can't wait for online betting depositfiles premium become legal, South Africa offers a myriad of brick-and-mortar casino choices.
Gold Reef City Casino in Johannesburg is the famed city's oldest gambling house and is situated next to a theme park of the same name, as well as the Apartheid Museum. Sun Coast Casino and Entertainment World of Durban is frequented by patrons and touring cyclists who enjoy hundreds of slot machines and a gorgeous private beach.
Over the coming months, South African gamblers will learn the fate of legalized gaming in their country. If Hill-Lewis gets his way, his citizens will soon be able to enjoy the same online wagering privileges as people in other countries. Until then, South African bettors will continue to enjoy many other gaming options casino singapore to them.
Casinos Slots Games Guides Blog. Government Gazette of South Africa Logo from greengazette. A Brief History of Gambling in South Africa The South Africa Gambling Act of forbade all forms free 666 betting except horse racing, which was regarded more as a sport than a vehicle for betting.
Remote Gambling Bill Specifics In its preamble, the bill states its protective intent: Internet gaming providers would need to be licensed. Licenses would be issued by the National Gambling Board after being approved by provincial authorities.
Gaming providers would be required to operate their business out of the province in which their licensing application was made and approved. The types of qualifying games would include casino games, sports betting, and games of equal chance. Other types of games would likely also be permitted. South African gaming providers could serve people from outside the country as long as those people were registered with the casino.
Revenue would be disbursed as follows: Operators would not be allowed to grant players credit for the purpose of playing. Check this out games played would have to be backed by immediate cash. Catching Up With the Rest of the World Advocates of legalized remote gaming in South Africa point out that much of here rest of the world has already approved of the activity.
Brick-and-Mortar Casinos in South Africa For those who can't wait for online betting to become legal, South Online gambling south africa 2014 offers a myriad of brick-and-mortar casino choices. What Else Might Interest You: Online Read article - Some basics for beginners Although roulette online gambling south africa 2014 truly a game of chance, it should be analyzed carefully to increase the probability Online Blackjack - The optimal blackjack strategy Black jack is in an incredibly popular game across online gambling south africa 2014 entire world.
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