The Parliament of the Republic of South Africa has just approved a new online gambling law to regulate an online casino gambling industry that is full of crime and exposed to money laundering, it is also thought to finance terrorism.

A memorandum, which is attached to the National Gambling Amendment Bill, reads that the online gambling industry was unregulated and was producing a lot of crime that was having effect on all areas of life. It said that this situation caused a considerable revenue loss for the national economy and compromised the reputation of the country as a responsible universal citizen.

The aim of the new bill is to eliminate the negative socio-economic effects that are connected with gambling. Moreover it deals with licensing, problem gambling, taxation, player protection and advertising.

Now every player who wants to play online must be registered with a licensed online gambling provider and give an affidavit in order to make sure they are older than 18.

The aim of this bill is to guarantee that gambling is conducted fairly, responsibly and properly and to protect underage and other defenseless persons from the negative gambling effects.

The bill made also provision for an electronic monitoring system in order to help exterminate potentially addiction and limit credit extensions to gamblers. Thabo Mbeki, President of the Republic of South Africa, must sign this bill into law before it comes into force.

In accordance with South African National Gambling Board revenues from all forms of gambling without internet grew from R6.2 billion in 2001-02 to R13.5 billion in the year 2006-07

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