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EXEMPTIONS TO SINGAPORE ONLINE GAMBLING BAN
Wednesday July 8,2015 : EXEMPTIONS TO SINGAPORE ONLINE GAMBLING BAN SOUGHT
Singapore Pools and the Singapore Turf Club want to offer online sports betting.
It seems that the blanket Singapore ban on remote gambling imposed earlier this year might be loosened in time for local monopolies to benefit from the 2016 European football championship games.
Reports across Asian media claim that Singapore Pools and the Singapore Turf Club (STC) have applied to be exempted from the draconian remote gaming laws, and that Singapore Pools has confirmed that it has hired British online gambling specialist OpenBet, which already provides online gambling software for major bookmakers such as William Hill, Paddy Power and Betfair, to help replace its current website with one which can offer sports betting.
The Singapore government has set a deadline of August 1 this year for local lottery operators to apply to the Ministry of Home Affairs for exemption under the Remote Gambling Act, which came into force on Feb 2.
The Ministry has confirmed that both Singapore Pools and STC have applied for certificates of exemption in order to "offer remote gambling services for their existing products". Officials said that the applications will take nine to 12 months to evaluate, and that applicants must be "not for profit" organisations.
Strict regulations regarding responsible gambling and money laundering will be applied.
Singapore Pools offers football and motor-racing betting, as well as lottery games, and STC takes bets on horse races.
One newspaper, the Straits Times, claims that $10 million has been budgeted for a new dedicated online gambling website for Singapore Pools, constructed by Openbet.
"A steering committee, led by Singapore Pools chief executive Seah Chin Siong, has been set up to oversee the operator's sports business and IT teams, which are working towards getting the site up and running in time for the Euro 2016," the Times reports, adding that a team from Openbet will be travelling to Singapore next week.
The Singapore online gambling market was estimated at around $500 million in 2014 prior to the government ban via the Remote Gambling Act. Under the Act, several hundred websites which provided remote gambling services were ISP blocked, with financial restrictions imposed through the local banks and credit cards suppliers.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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