Gambling Regulatory Authority watchdog launched in Singapore
Gambling Regulatory Authority watchdog launched in Singapore. New law came into effect from the start of this month. It introduced stiffer penalties for those found guilty of conducting or facilitating unlawful gambling activities and made it illegal to participate in ‘proxy gambling’
Singapore has two casinos, one from Genting Malaysia Berhad and the other from Las Vegas Sands Corporation. The Gambling Regulatory Authority will now purportedly oversee this state of affairs under the guidance of Teo Chun Ching. Teon Chun ching previously served as the boss of the preceding Casino Regulatory Agency.
Josephine Teo, Singapore's Second Minister for Home Affairs, attended a special event to mark the launch of the Gambling Regulatory Authority. Teos said the move would allow Singapore to strengthen its regulation of gambling practices.
Gambling Regulatory Authority has been launched in Singapore. It has the power to issue licenses to enterprises wishing to offer a range of services including sportsbetting and lotteries. The watchdog has also been given control over the certification of slot parlors and private gambling establishments.
The Gambling Regulatory Authority will be the sole supervisor for all gambling activities in Singapore. The Ministry of Home Affairs claims the designation will help the government stay ahead of gambling trends.