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A bill was approved in South Africa's parliament that will regulate online gambling in the country. It follows a few months of developments, at one time opening up to the idea of a regulated market, then backtracking and opposing it . Although the current status of online gambling is undetermined, the South African market is estimated at billions of rand annually.
THE Iemma Government faces losing hundreds of millions of dollars in revenue as Tabcorp launches online betting from the Northern Territory, which is expected to lead to a shake-up of NSW's gambling industry.
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