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Singapore Enforcing Anti Online Gambling Laws
SINGAPORE IS ENFORCING ITS ANTI-ONLINE GAMBLING LAWS
Authorities report more than 120 persons have been arrested since the Remote Gaming Act came into force.
The Singapore Ministry of Home Affairs has reported on enforcement progress on the Remote Gaming Act, legislation designed to halt illegal online gambling in the Asian nation.
A Ministry spokesman revealed Thursday that since the Act came into force on February 2 last year more than 120 people have been arrested under its provisions, which include penalties for both players and operators.
In addition, the Ministry has overseen the blacklisting and ISP-blocking of hundreds of Internet domains, along with obstructing financial transactions with operators and blocking bank accounts and credit card payments linked to illegal online gambling services.
The spokesman revealed that in the most recent enforcement action, police aided Ministry officials in the arrest of 39 suspects in a series of raids between June and July, as part of a multinational operation led by Interpol against illegal football betting syndicates, which are estimated to have handled US$649 million.
The value of illegal bets collected by the suspects arrested in Singapore totalled more than S$2.5 million, based on preliminary investigations.
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Gambling News :
Interwetten 2016 Earnings Results -
Privately-owned online sports betting operator Interwetten delivered robust full year results for the 2016 fiscal period, in which the company has almost achieved doubling its revenues over the past four years, success it attributes to its in-house developed platform
EU Online Gambling Tax Harmoney Dead -
Tax expert says European Court of Justice Attorney General's opinion on UK-Gibraltar litigation signals that EU courts are happy for individual member states to impose their own laws on online gambling.
Jack Lam Facing Big Fines in the Philippines -
It's going to be costly for Macau online gambling and junket tycoon Jack Lam to return to the Philippines following his rather hurried departure last year with allegations of economic sabotage, bribery and tax evasion swirling around him.
PlaySugarHouse To Carry Konami Content -
Content provider Konami will provide its Gypsy Fire and Fortune Stacks slot games to Rush Street Interactive-operated PlaySugarHouse.com on an exclusive basis in the New Jersey real-money online and mobile wagering market.
ITF TERMINATES BETWAY SPONSORSHIP DEAL -
The International Tennis Federation (ITF) has reportedly terminated Betway’s three-year sponsorship partnership as an extension to their anti-match fixing and sports integrity policy.
GSA To Launch European division -
The expansion enables the GSA to better focus on the regional needs of its members outside of North America and underscores its recognition and commitment to growing European membership.
Paddy Power Trading Update -
Company prevails despite adverse sports and US election results; Trump success cost the group GBP 5 million, whilst punter successes took another GBP 40 million in Q4-2016.
Tabcorp SunBets project -
The details were revealed this week in an IT News article quoting Tabcorp's chief information officer, Kim Wenn, who described the SunBets project as Tabcorp's biggest global venture yet.
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