Piggs Peak shuts up shop

By Staff Writer
Swaziland-based online casino, Piggs Peak has shut up shop to all South Africans while it awaits clarification from the Pretoria High Court as to whether it can still operate.

The Gauteng Gambling Board has made it illegal to gamble online following a North Gauteng High Court judgment on the jurisdiction of online gambling transactions in the country which was handed down on August 20.

"As you are aware we lost our application in the Pretoria High Court regarding the legality of South Africans playing on our Swaziland licensed internet casino which has serious implications for South African players. We are in the process of applying for leave to appeal the judgement and felt that we could continue operating in the interim.

"We have since been advised that we should stop operating for South African players until the matter has been resolved," wrote Lew Saul Koor, operations director of Piggs Peak, in a note on the company's website.

"In your interests we have taken a decision to stop operating from midnight Saturday August 28 until application for leave to appeal has been heard and decided upon, which we feel should take no longer than a week or two," he added.

Piggs Peak clients will be able to withdraw their existing balances by e-mailing the support centre.

Recent Articles

Featured Investing for your retirement – which product to use?

Retirement annuities (RAs) and tax-free savings accounts (TFSAs) - which is better when planning for your retirement?

3 Reasons for early entry to a retirement village

Your parents may envision their golden years on the porch of your childhood home. However, it’s good to look at the benefits of joining a retirement village.

What do activist investors aim to achieve?

If you had the financial means to invest in a company so that you can enact the change you want to see in the world, would you do it? There is a growing group of individuals who would, and these are known as activist investors.

Does installing a tracker reduce your insurance premium?

Installing a tracker can increase the safety of your car and track it in the event of theft and hijacking. But what kind of impact will it have on your insurance premiums?


Latest Guide

Guide to debt rehabilitation solutions