Singapore’s Legality of Casino Gambling
Singapore is a sunny tropical island off the southern tip of the Malay Peninsula. This thriving metropolis in Southeast Asia is home to five million people. Its developed economy and its world-class infrastructure offer many advantages to its residents. The city also offers rich culture and a dynamic business environment.
LAWS ABOUT GAMBLING IN SINGAPORE
Gambling in Singapore is legal;however, if conducted in a licensed gambling venue like the live casino in Singapore. Casino Control Act 2006 and the Betting Act 1960 governed these betting activities. These laws cover all wagering aspects in Singapore. This is the country’s government way of a strict approach to gambling.
The government has introduced new regulations to control gambling activities in Singapore. The Gambling Regulatory Authority (GRA) will be formed by 2021. The new body will regulate all forms of gambling in the country, including those carried out online.
As a result of these changes, many operators will need to watch their feet and ensure they follow the new legislation. Furthermore, there will be a wide range of penalties for those involved in illegal gambling. The penalties for those engaged in it can be severe.
GRA BILL
Under the new GRA (Gender Recognition Act Reform) Bill, it will be illegal to open online accounts for gambling by underage persons. This includes sports betting and the lottery. Moreover, gambling by proxy will be prohibited, which means that an individual within an area will act on behalf of a decision-maker outside the gambling location.
PROXY GAMBLING
Those who engage in proxy gambling charge a fine of up to $10,000. Also, the Gambling Regulatory Authority will work with the police force to stop and deter the spread of online betting.
The Government of Singapore has recognised the need to regulate social gambling, even as it acknowledges the need for a risk-adjusted approach. The latest gambling laws have addressed this issue by consolidating the different types of gambling offences under the Gambling Control Act.
GURKHA CONTINGENT ACT
The GC (Gurkha Contingent) Act aims to prevent and deter the development of a gambling problem in Singapore by adopting a risk-adjusted regulatory approach. The GC Act also introduces a new law prohibiting sports betting on land. Public casinos and integrated resorts are the only places where gambling is enabled on the ground in Singapore. Although this seeks to address two of the biggest trends in gambling, it is essential to note that other issues still require attention.
Learning more about the legality of gambling in a country is vital. This will help bettors avoid any conflicts in the future. Additionally, they will enjoy playing more since gamblers will not worry about getting caught and jailed because of unlawfulness.
One more factor that gamblers should also know is the difference between land-based and online-based casinos. This will help them recognise where they will enjoy gambling entertainment while earning.
See the infographic below brought to you by the popular betting company well-known for their SG pool odds, 88ProAsia:
