The legal considerations in Online Casino Singapore largely depend on whether you are a non-residents or a resident of Singapore. If you are a non-resident, then you are not allowed to operate online casinos in Singapore, but you can play games through mail order in principle. However, it is important to remember that the laws governing the operation of gambling in Singapore still apply to online games.
According to local law, Internet gambling has been illegal in Singapore since 2021. To cut a long story short, the newly formed Internet Gambling regulation Act regulates the operations of online casinos in Singapore as well as of all companies involved in online gambling in the country. This law bars local companies from conducting businesses related to gambling on the internet. While some of these companies may be able to operate online casinos via third-party operators, the majority of the gambling companies are actually resident in Singapore. Therefore, they are unable to operate their Singapore based casinos outside the country.
With the passage of time, the government realized that allowing online gambling in Singapore will not only negatively affect the local businesses, but will also negatively affect the national image of the nation. A significant part of the national economy is dependent on the revenue earned from gambling, most especially in the form of wagering on winning table games. This activity has made the country a leading gambling destination among tourists and visitors from abroad. Recently, the National Development Board released a policy document that seeks to encourage entrepreneurs to set up gambling facilities within the Special Economic Zone (SEZ) of Singapore. Although the policy has been criticized by several stakeholders, including some private organizations and Singapore citizens, the government has remained firm in its stand that online gambling in Singapore will not only negatively affect the country’s small and medium sized enterprises (SMEs), but will also draw tourists and visitors who intend to visit Singapore.
Currently, there are only three licensed betting exchanges in Singapore and more than half a dozen online casinos. Given the increasing number of players interested in betting on various table games and poker games, the market conditions for online gambling have improved greatly over the past few years. The best online casino Singapore has to offer includes the likes of the Cybercade Poker, Full Tilt Poker, Lucky Number Vegas, Party Poker, Ultimate Bet, and many others. With these numerous offerings, Singapore is definitely home to one of the best online casinos.
Online gambling in Singapore offers various different types of promotions and incentives to attract visitors and betters from overseas and from local shores. Singapore casinos offer a wide range of different kinds of bonuses and incentives to players. Some of these are in the form of welcome bonuses, special prizes, and freebies while some others come in the form of deposit bonuses, credit card rebates, and loyalty points. In fact, there are even some casinos offering cash back and promo codes which can be used towards gambling items and supplies at online casinos. With this wide variety of promotions and incentives, online gambling in Singapore is a fun and exciting experience for everyone.
For those who want to play their favorite casino games in the comfort of their own homes, they need to look for a suitable gambling software provider in Singapore. A software provider can make all arrangements for you to enjoy your favorite games in the casinos. Make sure that you get your hands on a suitable gambling software provider and you will definitely have a great time playing your favorite casino games.