Online gambling is strictly prohibited by the Criminal Code. The law notes that several plans to review the current regulatory framework and social safeguards regarding online gambling have been in place for several years. In 2021, the Gambling and Gaming Commission was established. Today, the GOC is headed by his Highness bin Suprapong.
Singapore is a sovereign country that has a separate legal system from other countries. The law governs Singapore and not the people living in the country. Therefore, there are separate laws governing individuals in Singapore going to a land-based casino or a gaming site on the Internet. In this regard, the law clearly states, “No person shall be deprived of his property except in case of theft or dishonesty or contrary to his will.” The Gambling Act has provisions to protect the interests of the operators and licensees of land-based and online gambling in Singapore. The Gambling Act also protects the consumers from being deceived by fraudulent and improper practices of gambling operators and providers.
At present, the laws and reviews pertaining to online gambling in Singapore are still being developed. There are some concerns raised by various stakeholders including government officials, local business operators, gaming operators and advertisers. This resulted to the development of the Singapore Gambling Control and Regulation Act as the body that oversees the operations of licensed land-based casinos, lottery venues, sports gambling and online gambling in Singapore.
The online gambling in Singapore Control and Regulation Act regulate the types of advertisements that can be placed on gambling sites. A number of changes have been made since its implementation. The law specifies that all advertisements must contain the name and picture of the gambling event or game, the identity of the principal or his authorized representative, and the contact information. The law also stipulates that all gambling events must be operated in accordance with the Consumer’s Responsibility Act. This includes a ban on gambling advertisements on television and radio.
Gambling is legal in Singapore as long as the individual is at least 18 years old and has the consent of his guardian or parents. However, it is not legal to gamble for real money at any of the more than 20 countries that are recognized by the United States Department of the Treasury as having reliable foreign exchange facilities. If you wish to gamble online, you may visit the World Wide Web and find a number of websites that offer you the opportunity to wager your own money.
Singaporean national live a lot of time in the casinos. In fact, they claim that there are more visitors to the country’s gambling resorts than residents. Gambling is the talk of the town in the city-state. There is no doubt that casinos are very profitable for the government and for the country. Whether you live in Singapore, Macau, Hong Kong, or another Asian county, you can bet and win on the worldwide web.