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New Slovakian law to relax online gambling restrictions

Now the draft bill has been submitted there will be a three-month period of standstill as the Commission examines whether it is lawful. The new law is a significant change for Slovakia, which has black-listed more than 200 gambling domains - including household names such as Bet365 and 888 - since a previous bill was passed in 2016. Currently, online casino and poker activity remains the sole responsibility of the state-owned TIPOS national lottery. "The state began blocking illegal companies. But that was only the first step. Now comes the second, clear rules for everyone - anyone who wants to offer online casino games will be able to do so if they meet the prescribed conditions," said Peter Papanek, head of the Association of Betting Companies of the Slovak Republic, according to Sport Aktuality . "Experience from abroad shows that, if the state wants to intervene against tax evasion and illegal gambling, it must go through the liberalisation of the market and the setting of fair conditions, inter alia, to motivate operators to operate legally. "Illegal companies thus lose the incentive to circumvent the rules, and the state, in addition to income, also gains the certainty of consumer protection. The countries that have been chosen liberalisation have rapidly reduced the share of the black market." In its submission, Slovakia’s Ministry of Finance, which will have responsibility for gambling, said it wants to “relax restrictions on access to the internet gambling market”. Companies with a base in Slovakia or another EU state are able to apply for a licence.

For the original version including any supplementary images or video, visit http://www.igamingbusiness.com/news/new-slovakian-law-relax-online-gambling-restrictions

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South Africa presses forward with online gambling clampdown

south-africa-gambling-act-amendments In 2016, South Africa’s Department of Trade and Industry (DTI) released a draft of its new National Gambling Policy document, detailing the government’s intention to ensure that “no new forms of gambling” would be permitted in the Africa continent’s largest gambling market. Last Friday, DTI issued a notice of intention to introduce the National Gambling Amendment Act 2018 into parliament during the legislature’s second term of 2018. The bill’s text, which can be read in full here , further restricts South African gamblers’ ability to access online gambling products not available to them via locally licensed operators, who are limited to offering sports betting only. Among the new restrictions are explicit warnings to financial institutions that they “must not process payment transactions for any gambling activities that are not licensed” under the country’s existing gambling rules. As previously stated, individual South African bettors who dare to wager with unauthorized international sites will have their winnings forfeited to the National Gambling Regulator (NGR), the new overseer of South African gambling following a proposed ‘repositioning’ of the National Gambling Board. The NGR will keep a “register of unlawful gambling operators,” and anyone tagged with this scarlet letter will be prohibited from seeking a South African license for five years following the day of their listing.

For the original version including any supplementary images or video, visit https://calvinayre.com/2018/07/23/business/south-africa-online-gambling-clampdown/

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