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Online Gambling Operators Exiting Singapore

Thursday October 16,2014 : ONLINE OPERATORS START SINGAPORE EXITS
 
The parliamentary approval of tough new anti-online gambling laws spurs exit decisions.
 
The recent legislative approval for tough new anti-online gambling laws in Singapore  has reportedly spurred several operators to commence withdrawal initiatives from the country.
 
Only a week after lawmakers passed the new laws, several online gambling companies have stopped registering new accounts, usually the precursor to a shut-down, and major operators Bet365 and IBC Bet have advised Singapore clients that they will be excluded in the immediate future.
 
The companies join others like 888 and SBO Bet in barring Singapore players in the wake of the new Remote Gaming Act, which makes both offering and playing internet gambling games an offence, with draconian penalties that include fines of S$20,000 to S$500,000 and up to seven years in jail.
 
Internet Service Providers may also be issued orders to block access to specific sites by the authorities, and financial transactions can be disrupted.
 
Local media reports claim that other major online gambling providers are also considering their options, specifically William Hill, which told reporters that once the law has been implemented it will withdraw. A Pokerstars spokesman said the company at present has no plans to exit, but that it is studying developments and will keep its players advised.
 
A spokesman for SBO Bet confirmed that the company would fully comply with the new law once an implementation date was released.

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Gambling News :

Local Florida Poker Pros Scam Marc Klang For $500k - Previous scumbag rightfully wins over $500,000 gambling against a conglomerate of local poker pros. After using every excuse possible, said group decides they are not paying out any money. After some time they pay out $43k of 500k. Winner warns community of the groups actions to prevent similar future scams.

2017 Super High Roller Bowl Schedule - Poker Central, POKER PROductions and the Aria Resort & Casino have released details on the 2017 Super High Roller Bowl taking place 28-31 May.

Super Multitimes Progressive HD Slot - This 3-row, 5-reel slot features Multipliers, Wilds, Free Spins and four Progressive Jackpot levels offering increasing wins to heighten player engagement.

2017 Aussie Milliona Updates Events 2,3,4 - Taiwan's James Chen bested Australian Rainer Quel heads up to win the first championship ring of the series in which he defeated a field of 48 players in Event 2: $2,500 H.O.R.S.E. earning the top prize of AUD$39,700.

Juventus name VWin as Partner - “We are very satisfied with this new regional partnership that confirms Juventus’ global growth in high potential markets such as this one,” Giorgio Ricci, co-chief revenue officer & head of global partnerships and global revenue for Juventus said.

Luckia Group 2016 Results - The group reports record turnover of Euro 269.66 million, up 12 percent over full year 2015 with EBITDA standing at Euro 44 million, a 26 percent increase over the previous year.

Fire Rooster Slot Launches - This 5-reel, graphic-rich slot is based on the Chinese legend, The Rooster’s Lament, in which the Jade Emperor chooses specific animals to represent the months of the year.

n2-Live Updates - The company promises new features designed to enhance the playing experience that “further distance our gaming solutions from the ‘me too’ products currently available in the market place.”

Betfred FY 2016 - Betfred has seemingly reversed its fortunes with a strong 2016 delivering a GBP 28,438,000 operating profit as opposed to the GBP 77,312,000 loss in fiscal year 2015.

BetConstruct has joined the National Council on Problem Gambling - BetConstruct has joined the National Council on Problem Gambling (NCPG) saying it feels a duty to support an organization that strives to keep gaming fun and safe for all.

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