This Monday, February 14, was the first reading of the bill that would reform land-based gaming in Singapore and establish a single Gambling Regulatory Authority (GRA) instead of several bodies. If approved, the law will take effect from mid-2022.
The single authority would have up to 17 members, all of whom would be appointed by Singapore's Minister of Home Affairs. Each can hold their position for up to 3 years.
This body would have the right to distribute, renew and revoke licences. It would also have the right to issue fines in the instance of criminal conduct that violates the Gambling Control Act 2022.
Meanwhile, the Gambling Control Act would amend several sections of the Singapore Casino Control Act 2006, including adding definitions of what constitutes gambling, gambling operators, and excluded persons.
According to the document partaking in or offering illegal gambling services, including proxy betting, it would be punishable with a fine of SGD$500,000 and a prison term of up to 7 years, while repeat offenders could receive a fine of SGD$700,000 and a prison term of up to 10 years.
We must emphasize that the licenses would be available for various types of gaming activities such as machines, bets and lotteries. In this regard, those applying for a license or license renewal would have to pay a fee not yet specified.
18+ | Juegoseguro.es – Jugarbien.es
