Dept of trade and industry-gambling review

...'The licensing of betting
exchanges in South Africa would allow for new entry, but presumably there would not
be many betting exchanges seeking to be licensed. Betting exchanges are likely to
put pressure on existing forms of betting.'

MEANING Betfair+Phum? as sole operators?

I would think that interbet are already geared up for allowing subscribers to lay so I would expect them to be players + Betfair......"P" may have missed the boat?
I thought they should have applied for a "fixed price tote" ages ago and done a franchise deal with betfair,but I doubt Betfair need a partner now.

Rob we (abc) should have applied for a license then let our members use Interbet? probably to hard to get through

sort of explains why SARS was looking to change legislation on betting income too

Rob so please summarize will exchanges come in? think stakes problem would be solved

I did apply for that license but would have been a bit complicated each member/ punter would have to register as individual for license putting up cash with gambling board etc so I dropped the project

Well the review is certainly recommending it and in short ,the way I read it,is that the belief is,that South Africans WILL use exchanges and so they believe that it is better to regulate and earn from them.
I would suspect that the model Betfair will put on the table,as a starting point, will be similar to the one in Tasmania.I don't have any detail of that, but I am sure it will work here too.
I think that very early in their introduction,Betfair will be making their mark with big race sponsorship.
How long all this will take is anybody's guess!

Awesome news Rob will be good for racing

Absolutely Blue....the ability to back and to lay just opens up a whole new world of punting.
It will be interesting to see how SA punters adapt because ,according to the Betfair guys,only about 10% of the players in UK actually lay.

From the Gaming For Africa newsletter

The Portfolio Committee on Trade and Industry has released draft programmes (which are subject to change) for public hearings to be held on 28 October and 2 November on the Gambling Review Commission Report. The draft programmes for the dates are:

Venue: M314: Marks Building
Date: Friday, 28 October 2011
Time: 09:00 – 17:00

Time Agenda
09:00 – 09:05 Welcome
09:05 – 09:45 Consideration of Report on the AR of DTI
09:45 – 10:30 Engagement with DTI on the NCR
10:30 – 11:10 Gold Circle Ltd – Horse racing and Betting
11:10 – 11:20 TEA
11:20– 12:00 Bingo Association of South Africa
12:00 – 12:40 Betfair
12:40 – 13:10 LUNCH
13:10 – 13:50 Phumelela Gaming and Leisure Ltd
13:50 – 14:30 South African Gaming and Manufacturers Association (SAGMA)
14:30 – 15:10 The Racing Association
15:10 – 15:50 Grand Parade Investment Ltd
15:50 – 16:30 South African Bookmakers Association

Venue: V454: Old Assembly Wing, Parliament, Cape Town
Date: Wednesday, 2 November 2011
Time: 09:00 – 15:00

Time Agenda
09:00 – 09:02 Welcome
09:02– 0:05 Apologies
09:05 – 09:10 Adoption of Agenda
09:10 – 09:50 Funding Practice Alliance
09:50 – 10:30 Aristocrat
10:30 – 11:10 Amatwini Sport
11:10– 11:25 TEA
11:25 – 12:05 Casino Association of South Africa
12:05 – 12:45 Payments Association of South Africa
12:50 – 13:30 LUNCH
13:30 – 14:10 Thoroughbred Breeders Association of South Africa
14:10 – 14:50 The National Horseracing Authority

This is going to be massive,wish we could have someone there to report back..

If I look at the time allocated to each subject,this is just a verbal version/feedback of the written report.There would appear to be no time for public participation or debate.
If any aspects like Exchanges ,Regulation or Tote betting is debated in a Public Forum later,I will do my very utmost to be there.