Industry takes stock after far-reaching Singapore online ban

    Published in: Latest IntelligenceSingapore’s Remote Gambling Act is here – and far beyond the borders of the South-East Asian city-state, the gambling industry is weighing up the implications of one of the most far-reaching and restrictive remote gambling laws seen in any jurisdiction to date.  by Matt Pollins*The Act, passed after its second reading, criminalizes the entire spectrum of remote gambling activities. The restrictions are extremely broad and will be felt by operators, agents, brokers, service providers, advertising networks, payment processors, financial institutions, ISPs – and, of course players.There will be a licensing regime, but the Minister’s speeches during the Parliamentary session indicate that there are only a couple of real candidates – Singapore Pools and Singapore Turf Club. In the Minister’s own words: “The entity has to be based in Singapore so as to aid the enforcement of the exemption conditions. The exempt operator has to be a not-for-profit...

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