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Singapore Gambling Exemptions Granted

DESPITE PROTESTS, SINGAPORE ONLINE GAMBLING EXEMPTIONS GRANTED (Update)
 
State-linked Singapore Pools and the Singapore Turf Club permitted to take online wagers....but no casino-style gaming.
 
The issue of certain state-linked commercial organisations being granted exemptions from Singapores tough anti-online gambling laws has been on the table for the past few months and has been the subject of opposition complaints; protest petitions and general argument.
 
On Thursday a new chapter on the issue opened when the governments Ministry of Home Affairs went ahead and granted exemptions to the Singapore Pools and the Singapore Turf Club, allowing mainly sports wagering under tightly controlled conditions but expressly excluding casino-style gaming and online poker.
 
Other conditions include an age limit of 21 years for players; a requirement that players set daily limits; no gambling on credit; and the maintainance of a self-excluding facility. Advertising of remote gambling services will not be permitted.
 
The exemptions carry punitive penalties for breaches of the conditions; fines of Sg$1.0 million ($734,000) for every guideline breach.
 
Justifying the exemptions, a ministry spokesman pointed out that sports betting in Singapore is deeply entrenched, and that even a comprehensive regulatory regime has difficulty in totally blocking online gambling.
 
"A complete ban would only serve to drive more remote gambling underground, making it harder to detect, and exacerbate the associated law and order and social concerns," the spokesman said. "A tightly-controlled exempt operator regime mitigates such concerns."
 
Singapore Pools is planning to launch its online enterprise on October 25, offering lotteries for 4D and Toto, and online betting for football and Formula 1, whilst Singapore Turf Club will launch its online and mobile platform on November 15, 2016 offering horse-race betting online.



Gambling News :

NBA Odds: Warriors Big Favorites to Beat Cleveland - The Warriors didn’t take last year’s NBA Finals collapse lying down. They added Kevin Durant to the starting rotation; Durant is +220 to win this year’s Finals MVP award, while Cleveland superstar LeBron James is all by himself – also at +220. Kyrie Irving is the next closest Cavalier at +1000.

$400k Winner at Bodog Casino - To win, you need to get a pair of Tens or better. Jerry K., however, got a much higher hand than the minimum; he pocketed $397,879 after landing the game’s best possible hand: a royal flush.

NBA : Warriors Win the West; NBA Finals Next - The Golden State Warriors will play in their third-straight NBA Finals. They completed their sweep of the San Antonio Spurs Monday night, rolling to a 129-115 victory as 12-point road favourites; Golden State opened the season as a –250 chalk to win the Western Conference.

Iforium In Partnership With Booming Games - Iforium, the leading provider of casino aggregation software, are pleased to announce a new agreement with Booming Games

PartyPoker Rakebak - Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.

NHL Odds: Lone Canadian Team Plays on Friday - “Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.

NBA Odds: Will Cavaliers Be Rusty in Game 1? - The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.

4 New Microgaming Releases in May 2017 - Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.

PKR Company Statement Update - Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.

Microgaming Wins The Spark Award 2017 - The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.

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