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Singapore's Remote Gambling Act
Tuesday October 14,2014 : INDUSTRY AWAITS IMPLEMENTATION OF SINGAPORE ONLINE GAMBLING BAN
Proposed restrictions are broad.
With Singapore's Remote Gambling Act now approved by lawmakers, the industry awaits the implementation of the wide-ranging prohibitions on mobile and online gambling, which are expected to be rigorously enforced.
The new law criminalises all remote gambling activity not approved by government, and impacts every sector involved in remote gaming activity, including operators, agents, brokers, service providers, advertising networks, payment processors, financial institutions, ISPs and even players - the only legislation other than that in the state of Washington, USA to specifically make playing online a criminal and punishable offence.
It appears at present that there will likely be just two exceptions to the draconian regulations - Singapore Pools and Singapore Turf Club - who stand a chance of receiving restricted licensing approval, although this has yet to be confirmed.
A government minister has already indicated in a public speech that any exemptions will require the company concerned to be a not-for-profit, charity-contributing organisation operating and based wholly in Singapore and within easy reach of the government in the event of any infractions.
Even then, such an exemption will not permit any form of casino-style games, experts point out.
The new law will effectively place Singapore out-of-bounds to foreign operators, and will likely be enforced through financial transaction restrictions, blacklisting and possibly ISP blocks.
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Gambling News :
Betsoft Gaming In Deal With SuprNation -
Betsoft Gaming’s latest content supply partnership will see its Slots3 collection launched on VoodooDreams.com, SuprNation’s primarily Swedish and Nordic focused online gaming operation.
Ladbrokes New SPonsor of The Hennessy Gold Cup -
The longest sponsorship deal in the history of British horse racing has come to an end with Ladbrokes becoming the new sponsor of the race formerly known as The Hennessy Gold Cup for the next five years, Racing Post reports.
Ladbrokes Appoints Annemarie Durbin -
Durbin, a qualified lawyer with over two decades of international banking experience, will also take up membership of the Audit, Remuneration, Social Responsibility and Nomination Committees with effect from March 1, 2017.
Olympus Slot Pays $210k Jackpot to USA Player -
“I love slots, been playing a long time. I go to Vegas once a year. In between I play online. It’s so convenient. I play mostly Hold the Riches, Pyramid Plunder, Dollar Storm or Olympus. I’ve also started playing keno more.”
Divine Fortune SLot Launches -
NetEnt has launched a new local jackpot title “Divine Fortune”, a five-reel, 3-row, twenty-fixed line video slot themed on ancient Greece and a world of mythical creatures, legendary riches, and golden coins.
2 Huge Wins at Bovada Casino -
Paul D. from Boston, MA, scored really big, earning $808,529.80 playing the Food Fight progressive jackpot slot on the Bovada online casino on a wager of $11.25. Unfortunately Bovada's press release does not give any further details.
China Internet Clean Up Campaigns -
The advisory revealed that the current drive will run through to the end of March 2018, and that online gambling and other inappropriate or unacceptable content must be blocked because:
AOPA to campaign for poker to be left alone -
The threat that amendments to the federal Australian Interactive Gaming Act aimed at stopping in-play action could spill over into an online poker ban has motivated Aussie players to form an action group in support of the game.
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