MOU Clarification -- The National Horseracing Authority of South Africa, which last week
signed a memorandum of understanding with Betfair, has issued a statement
clarifying that it does not condone betting exchanges in its
jurisdiction. According to the group's CEO Rob de Kock, "Betting exchanges are
not permitted to operate in South Africa, and we strongly believe that
this prohibition should be maintained. It should be understood that South
Africa's only commercial arrangements with betting exchanges are
strictly limited to betting that was already taking place in Britain on South
African racing. The [memorandum] with Betfair was an option given to us
through these limited commercial arrangements, and our primary interest
is in determining whether people resident in South Africa are using
their service in contravention of South African Foreign Exchange
regulations and legislation. This arrangement is not an endorsement of Betfair,
and it would be misleading for anyone to portray it otherwise."
Ausvegas -- Lasseters Corporation, a Northern Territory-licensed and Australian
Stock Exchange-listed company, has launched its second Internet casino.
The new site, Ausvegas.com, features hip neon graphics and 16 games, 7 of
which are new slots games that are exclusive to the site. Lasseters is
currently offering new players a 200 percent sign up bonus on their
first deposit.