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Byline: Julius Baumann
SA authorities set to regulate online gambling Virtual casinos take advantage of a regulatory void, but not for much longer, writes ONLINE casino Silversands' days may be numbered with the introduction of SA's online gambling regulations coming a step closer to reality.
Under the proposed regulations, which were published in the Government Gazette for public comment in February, any operator that works illegally will not be allowed to apply for a licence. Neither would it be permitted to advertise its services. Silversands has until now taken advantage of a regulatory void and continues to operate illegally, raising the ire of both the National Gambling Board (NGB) and the industry. …