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ONLINE GAMBLING RISES TENFOLD IN SINGAPORE
Singapore's sole authorised gambling companies, the Singapore Pools and the Singapore Turf Club, could be missing out on good revenues by not offering online betting facilities to local residents, it appears from new research statistics.
The Singapore publication AsiaOne reports that placing bets with operators not exempted from the Betting Act and the Common Gaming Houses Act is an offence, but that online gambling is on the rise anyway.
The publication quotes a recent survey by the Ministry for Community Development Youth and Sports, which shows that the participation rate for online gambling has risen tenfold over the past three years - 1 percent of 2 300 respondents said they gambled online, up from just 0.1per cent in 2005.
Popular sites include well known international betting groups like Betfair.com, which offer sports betting, casino games and poker via the Internet.
Going online to gamble is popular with the young and tech-savvy, counsellors from the Institute of Mental Health's Community Addictions Management Programme told AsiaOne. A 21 year old online gambler confirmed this when she told the publication that she places her sporting bets online because it is so convenient. She said: 'You can do it anywhere, at any time...You don't have to keep calling a bookie.'
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Gambling News :
Yggdrasil Gaming Expanding -
The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.
FanDuel and DraftKings Settle With NY Attorney General -
Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.
Stan james Now Live With EPOS -
The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.
Singapore Online Gambling Ban Begins -
Singapore media reports indicated Tuesday that restricted online gambling services offered by the Singapore Pools have started online operations, whilst Singapore Turf Club will commence online betting activity on November 15.
Pennsylvania Online Gambling Updates -
Pro-online gambling companies, including the Golden Nugget in New Jersey and Pokerstars, were quick to refute Schippers views based on their operational experience.
WSOPE In Czech Republic -
World Series of Poker Europe 2017 has moved to King’s Casino Rozvadov (KCR) in the Czech Republic following a multi-year deal that will see KCR host numerous WSOP-branded events over the next several years.
BtoBet Partners with AfroBet -
Following the launch in Kenya, Afrobet said it has high hopes for further expansion into East Africa, Tanzania, Uganda and Congo.
Pissed off Tabcorp shareholders -
A significant number of Tabcorp shareholders, led by The Australian Shareholders Association, reportedly objected to proposed hikes in executive pay packages and were unhappy with the company plans for a merger with rival gambling group Tatts.
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