Interactive
Singapore – Singapore moves to ban online gaming
By Phil - 2 December 2013
Singapore is looking to introduce new legislation to block player access to online gambling websites, banning payments methods to remote gambling operators and outlaw advertisements that promote online gambling in the country.
Analysts pitch the online gambling sector in Singapore to be worth S$376m (US299.4m) and believe this will increase by between six and seven per cent each year.
Singapore’s Second Minister for Home Affairs S Iswaren said: “While such measures may not be foolproof, they will impede access to remote gambling platforms and send a clear signal of the regulatory stance in Singapore. It is ubiquitously and easily accessible through the internet and mobile applications, especially by a younger and more tech-savvy generation. These trends in remote gambling illustrate the dynamic nature of the gaming industry, which will continue to evolve and present new challenges for regulators and law enforcers.”
A recent study has found that 30 per cent of the 1,000 respondents had gambled remotely at least once in the past year.
