New laws to curb online gambling on the cards

New laws to curb online gambling on the cards

SINGAPORE - Taking aim at the increasing popularity of online gambling in tech-savvy Singapore, the Government is now looking at a host of measures to curb the problem.

It wants to block access to illegal gambling websites, prevent payments to operators and ban advertisements for online gambling, Second Minister for Home Affairs S. Iswaran revealed Friday.

The authorities are also considering whether to allow a limited form of legalised online gambling, so that gamblers do not end up resorting to illegal gambling and betting offline.

Following a public consultation exercise, the Ministry of Home Affairs (MHA) is aiming to implement the new laws by early next year - ahead of the football World Cup in Brazil - although Mr Iswaran said the timing is not "motivated by any particular event".

Rather, the move is prompted by the rise of remote gambling - through the Internet and mobile apps - an industry that was worth US$35 billion (S$43.9 billion) worldwide last year.

Analysts' estimates show that Singapore's remote gambling market is worth more than $370 million, and is expected to grow by 6 per cent to 7 per cent annually.

A recent MHA survey of 1,000 Internet users found that almost three in 10 had gambled remotely at least once in the past year, said Mr Iswaran, who is also Minister in the Prime Minister's Office.

"This is not surprising as one can gamble anonymously from almost any location at any time," he said.

The highly addictive nature of online gambling was another worry. A 2011 survey by the National Council for Problem Gambling found that online gamblers had worse self-control, were likely to gamble more often and for longer, and lost more than planned, compared with other gamblers.

More about

Purchase this article for republication.

BRANDINSIDER

SPONSORED

Most Read

Your daily good stuff - AsiaOne stories delivered straight to your inbox
By signing up, you agree to our Privacy policy and Terms and Conditions.