Online gambling banned - and you can bet on that

Image courtesy of FreeDigitalPhotos.net and Salvatore Vuono

For more:

• Business Day: Online gambling banned in South Africa... And just to get your attention, if you are bank, online casino, internet service provider or individual who falls on the wrong side of the law, when the chips are down a fine of R10 million or 10 years in jail could be your lot. Also banned is advertising online gambling in the electronic, print and billboard media - and that will have a significant impact on adspend, and hence revenues... And that is bad news for the advertising industry. It's what you might call collateral damage.
  
• Online-Casinos.com: South Africa Brings the Gavel Down On Online Wagering... Understandably, online casinos and poker rooms are less than pleased, and seem to doubt whether the ban will achieve its aims. They seem to feel that what it's probably likely to do is drive online gambling underground - and cost the state taxes in the process. So, maybe at the end of the day it may prove to be a bit of an 'own goal'.