Singapore’s National Council of Churches has criticized the government’s decision to ease an online gambling ban, saying it is sending “confusing and conflicting signals.”
The government last week said that incumbent operators, Singapore Pools and the Singapore Turf Club would be allowed to offer online gambling services to locals, though with strict provisions.
The announcement came about 18 months after the government imposed a draconian ban on all online gambling activities in Singapore.
A former dealer with Marina Bay Sands in Singapore was jailed for eight months and 12 weeks for fraud, which involved misappropriating casino chips from the gaming tables.
Singapore locals will soon have a legal means to bet online, after Singapore Pools and the Singapore Turf Club were given the go ahead to run online betting platforms.
Singapore’s Workers Party has expressed concern over the applications from Singapore Pools and Singapore Turf Club (STC) to launch online betting services.
The head of Singapore’s Casino Regulatory Authority is calling for closer sharing of information between global regulators to help combat money laundering and transnational crime.
UBS analysts are lowering their Singapore GGR estimate by -16 to 17 percent, mainly due to weaker VIP trends.
Singapore punters may be able to legally place bets online as early as October.
BMM Testlabs’ Moosad Sreedharan presented at the recent Casino Regulatory Authority's Singapore Symposium on Casino Regulation and Crime.
Six suspects who were allegedly planning a rocket attack on the Marina Bay Sands resort were arrested in a raid on Friday morning, reports CNN.
Casino operator Genting Singapore’s net loss narrowed in the second quarter of 2016, as expenses and finance costs fell.