|In South Africa, the National Gambling Amendment Bill is still awaiting the signature of President Thabo Mbeki despite being passed by the nation’s Parliament in May.|
The Bill was drafted in response to a report conducted by South Africa's National Gambling Board and amends the 2004 National Gambling Act to legalise online gambling along with establishing a licensing and regulatory system. Until signed into law, online gambling remains effectively illegal in South Africa and no licensing procedures may commence.
Lawmakers revealed that the present situation has resulted in a loss of revenue for the nation as well as compromised its reputation as a responsible global citizen.
The Bill would also establish a system to monitor gaming websites in order to prevent money laundering along with initiating programmes to stop addictive gambling issues before they begin.
Once the President’s signature is obtained, experts believe the nation could see revenues from online gambling increase by more than double their current rate.