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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.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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