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Cape Verde, like many other South African countries, allows online gambling for its residents. And similarly, has very few regulations that work for the operators. Online gambling in Cape Verde is legal, and operators are still required to have a license for it.
The government of Cape Verde is currently gearing toward turning the Cape Verde online casino scene into a sustainable revenue source for the country.
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The history of gambling in Cape Verde is pretty short. It was legalized in 2005,and regulations came soon after. The first gambling facilities were built in Cape Verde back in 2012.
Gambling is allowed in 5 islands of the country, designated as permanent gambling zones. These are Santiago, Boa Vista, Sal, S. Vincente, and Maio. The island of Sal is home to Cape Verde's first-ever land-based casino, Casino Royale.
According to some online websites,
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All forms of gambling in Cape Verde are regulated by an act named Regula de Funcinamento dos Casinos e salas de Jogos. Gambling was legalized in the island nation back in 2005 under law NO. .
Betting was also made legal under regulatory action, and five gambling zones were established. Depending on the authority's decision, these zones may be permanent or temporary.
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The act of gambling in Cape Verde has been legal since 1977. However, casinos were legalized in 2005, and mandates for licenses for operators have been issued since 2015.
Land-based casinos in Cape Verde are among the top tourist attractions in the nation and generate a good amount of revenue. Any new casinos have been built within the authorized gambling zones in Cape Verde.
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Cape Verde generates a lot of revenue from land-based casinos, and the government has worked hard to create a secure environment with safe casinos for gamblers.
Foreigners and tourists can also visit the land-based and online casinos in Cape Verde. And this is where a lot of the revenue comes from since the nation is a tourist hotspot. Online casinos in Cape Verde have just as much potential to generate revenue for the nation through tourism if people want to visit a casino resort and other means like government revenue.
However, the only snag is that there is no licensing procedure yet for online operators and gambling sites. This creates the potential for gamblers to be put in the way of harm when accessing gambling sites from Cape Verde.
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Reviewed by Julia Attard
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