The government of Singapore has recently announced its plan to establish a new Regulator by the year 2021. This new gambling regulator will be responsible for the gambling landscape in Singapore.
According to the government, this move will consolidate and optimize resources in one agency. The news was announced by the Ministry of Home Affairs. All gambling at live and online casino will be under the new regulatory body.
The Ministry of Home Affairs is also going to review as well as to amend legislation relating to gambling. The new gambling regulator will replace the current casino regulatory Authority as well as the government’s gambling regulatory Unit.
Who Is Overseeing Gambling in Singapore
Currently, the gambling regulation in this Singapore is being overseen by many government agencies with the casino regulatory authority including the Singapore Police force, ministry of social and family development among others.
What The New Regulator Incorporates
The coming regulator will be there to work together with the city’s Tote Board, The Ministry of Social and Family Development. This is to help in addressing all the gambling issues. Although the gambling situation in Singapore is under control the Ministry of Home Affairs said that there are trends that are emerging that will have a strong impact on gambling landscape.
The Gambling Regulatory Authority according to the Ministry of Home Affairs will consolidate and optimise gambling regulatory resources within a single agency. With this, the GRA will stay up-to-date of all the technological trends. It will also be able to respond faster to emerging products. Above all, it will be able to take a more full approach to gambling policies and issues. Here are some of the things that the regulatory
- The new Authority will be working with other partners like the ministry of social and family development and also the National council on all gambling problems.
- The police will still be enforcing all the laws against illegal gambling activities.
Conclusion
The new gambling regulator in Singapore will be there to make sure the gambling industry improves. The gambling regulator will not be working on its own. It will be in partnership with the Ministry of Social and Family Development as well as other bodies in making sure All the problems on gambling are fixed.
Singapore FAQs
[accordiongroup id=”475″][accordion group=”475″ title=”When Will The New Gambling Regulator Established?” active=”true”]The gambling regulator will be established in 2021.[/accordion][accordion group=”475″ title=”What Will Having A New Gambling Regulator Entails?” active=””]According to the government, the main point is to have a more holistic approach towards overseeing the local gaming industry. It also there to oversee the entire gambling landscape in the country. It is also there to optimise resources under one single agency which is the Ministry of Home Affairs.[/accordion][accordion group=”475″ title=”Who is Currently Overseeing The Gambling Industry In Singapore?” active=””]Currently, gambling in this country is overseen by many government agencies. These include the casino regulatory authority, the Singapore totalisator, the Singapore police force, ministry of social and family development among others.[/accordion][accordion group=”475″ title=”Where Is Singapore?” active=””]It is a sovereign state that is located in Southeast Asia. It is officially known as the Republic of Singapore. Singapore’s neighbouring countries include Thailand, Bangkok, Cambodia, Indonesia and the Philippines.[/accordion][/accordiongroup]