Singapore Looking For Online Gambling Solutions

Published Friday, May 10, 2013 -
Singapore Looking For Online Gambling Solutions

The global reach of the internet has governments in many parts of the world looking for solutions to curb it use with regards to gambling. Countries where the approach to online gambling is a regulated one, while other countries are looking at punitive measures to intimidate and imprison those who partake in the pastime.

Singapore is one very wealthy place where gambling is restricted and recently amendments to its Casino Control Act, will add new provisions designed to protect its local populous from visiting its casinos.

S Iswaran, Second Minister for Home Affairs and Trade and Industry says the government is researching ways to address and deal with the issue of online gambling in Singapore. Israwan’s opinion of online gambling, is well known as he was quoted as saying the internet wagering is a, “potentially more addictive form of gambling” and that the youth of the country are being put at risk.

Singapore’s Casino Regulatory Authority entered into an information sharing arrangement with their counterparts in Alderney a well establish internet gambling regulatory authority. Singapore’s strict guidelines for gambling are hard to maintain as other Asian countries surrounding Singapore host many online operators that spill into other jurisdictions.

While this government is keeping a close watch on the complex and changing online gambling industry it is also seeking help and expertise from other regulated jurisdictions for solutions to the mounting problem of its citizens accessing offshore casinos and card rooms.

The Casino Regulatory Authority of Singapore is responsible for ensuring that the management and operation of the casinos in Singapore remains free from criminal influence or exploitation. It also ensures that gaming in a casino is conducted honestly, and that casinos do not cause harm to minors, vulnerable persons and society at large.

The Authority recently in 2012 imposed fines of SGD$385,000 siting casinos Marina Bay Sands and Resorts World Sentosa for lapses in their security and screening. This some proof that the Singapore government means business and there will soon be similar repercussions for online operators who don’t comply.

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