News24

Legalising online gambling a concern

2011-10-26 22:30

Johannesburg - Reports that South Africa may soon legalise online gambling - following the findings of a gambling commission that is currently being debated by a committee in parliament - raises some serious concerns about the impact this may have on consumer's personal finances, particularly ahead of the festive season.

This was according to Gavin Came, chairperson of the financial planning committee at the Financial Intermediaries Association of Southern Africa (FIA).

"While for some people gambling could be a harmless pastime; it could also turn into a very real problem.

"Consumers often panic when they find themselves in a difficult financial situation and making gambling facilities easier to access may result in a spike in excessive gambling, particularly for those who can least afford to do so.

"This is especially true ahead of the festive season, when people want to treat themselves and their loved ones. However, it is vital that if one does not have the money to spend, they don't try to gamble their way ahead."

Earlier this week, Trade and Industry Minister Rob Davies said that more attention needed to be paid to the question of online gambling.

"This is not yet legal in South Africa, and we will act against any found to be 'jumping the gun', who should also not assume that they will be the beneficiaries if we do eventually decide to license such activities.

"We know that a number of jurisdictions prohibit interactive gambling but also that the trend is towards licensing and regulation.

"In this regard, the commission made a recommendation that I know will be the subject of much debate namely that legislation should cater for all forms of online gambling, including person to person betting and participation in offshore operations," Davies added.

Comments
  • Alfred - 2011-10-27 00:49

    What do they mean "legalise online gambling"? Unless I'm seriously misinformed they just criminalised it a few weeks ago. Piggs Peak has been in court for at least a year before it was finally closed to SA players. Guess the fat cats in government can't figure out a way to tax an online gambler and if they can't get their paws in the pie then no one will.

  • Corrie - 2011-11-02 17:19

    I CANNOT AGREE THAT ONLINE GAMBLING IS SUCH A BIG PROBLEM THAT PEOPLE WILL GET TO INTO FINANCIAL TROUBLE.IF YOU SEE HOW MANY POOR BLACK PEOPLE STANDING AND PLAY THERE LAST HARD EARN MONEY ON HORSE RANCING AND SOMETIMES STANDING OUTSIDE TOTES AND BEGGING TO PLAY HORSES, THEN I CANNOT SEE WHY HORSE RACING IS LEGAL AND INTER ACTIVE GAMBLING IS NOT. JUST WONDERING WHY HALF OF S.A. CAN GAMBLE ONLINE RACING AND THE OTHER HALF MAY NOT GAMBLE ON THE INTERACTIVE CASINOS.WELL ITS THE LAW AND WE MUST STICK TO IT.JUST A BIT IN THE DARK.

  • Gert - 2011-11-29 13:49

    What a strange situation?--first online gambling is a crime- It was first understood to mean interactive gambling and to protect people from crooks,--then it was said , it means it is a crime, even for well regulated overseas lotto games (imagine if the lotto games crook, then millions will withdraw their support)---During this time then many people were 'criminals', for doing what many 'good' people are doing all over the world and they may be in jail and having paid a fine of millions,----and the next year it is legal and then millions make millions and they don't go to jail for doing the same stuff.??.

  • locus.play.3 - 2013-02-13 07:04

    There is no harm in legalizing online gambling as that prevents frauds and provides fair and equal opportunities for the players to play and win prizes. This also reduces the cost of operations to a greater level especially the cost of printing, stationery and consumables. Overall, it improves the bottomline by around 8-10 percent and that is a big difference.

  • Lionel De Frontignac - 2013-12-26 19:24

    So you can buy lotto online???? Why is that legal?

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