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Legalize online gambling?
2011-10-25
Public examinations into suggestions of the Betting Review Report will be held shortly, Trade and Industry Minister Rob Davies related on Monday. "The commission's report is before the Nation's Assembly's portfolio board on trade and industry, which may organize public inquests and with luck finalise its report before the end of the year," he claimed, according to a copy of his speech delivered at the World organisation of Gaming Regulators' yearly meeting in Cape City . The report would also be considered by the Nation's Council of Provinces and provincial legislatures, he revealed. The betting review commission was established by Davies in December 2009. It tabled its report in Parliament in June. Davies related the industrial impact of betting since 1994 had been serious. "Gross gaming cash doubled between 2001 and 2009 and stood at R15.9 bn.
( over US2 bn) in that year," he claimed. "In the same year, the industry generated R1.5 bill in tax money for provincial presidencies and accounts for significant work totalling 56,958 direct jobs." The commission revealed that though betting policy and regulation had been mostly successful, there had been a wish to buttress some areas. "Under certain, highly specific circumstances, the commission advised that a controlled number of new types of betting might be accommodated," Davies recounted. The commission advised controlling online betting. "This isn't yet legal in S. A. , and we'll act against any person revealed to be 'jumping the gun'," Davies recounted. He warned online betting corporations "not to say that they'll be the beneficiaries if we do at last come to a decision to license such activities". "We know that a bunch of jurisdictions restrict interactive betting, but also the trend is toward licensing and regulation," Davies asserted.
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