Singapore passes changes to Casino Control Act

Singapore has passed proposed changes to its Casino Control Act, helping to future-proof the industry.

This includes facilitating cashless gaming but falls short of allowing cryptocurrency to be used in casinos due to the “money laundering risk.”

During the passing of the bill amendment in Parliament on Tuesday, lawmakers did not focus heavily on the new changes to allow the Gaming Regulatory Authority to regulate all other forms of gambling offered in casinos, expanding its oversight beyond just games of chance to betting and lotteries.”

Speaking to Asia Gaming Brief after the bill’s first reading, legal expert Lau Kok Keng indicated that “The effect of such an amendment would potentially open the door for future betting and lotteries to be offered within casinos, perhaps within the context of collaborative tie-ups between the casinos and Singapore Pools, although it is uncertain if this will ever take place.”

Reporting on the newly passed bill, CNA indicated that Singapore’s Minister of State for Home Affairs and Social and Family Development Sun Xueling fielded multiple questions about the new changes.

Source: Asia Gaming Brief