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An honorable member of the Coffee Shop Has Just Posted the Following:

Yeah yeah... got no share that's why.. close the casinos then :rolleyes::D

Govt studying measures that can be taken against online gambling: S Iswaran

By Kimberly Spykerman
POSTED: 10 May 2013 9:56 AM

The government is studying measures that can be taken against online gambling, working with industry experts to study issues and learn from other jurisdictions to formulate a strategy.

http://www.channelnewsasia.com/image...o-exterior.jpg

Exterior of the casino in Resorts World Sentosa (photo: Francine Lim, channelnewsasia.com)

SINGAPORE: The government is studying measures that can be taken against online gambling, and to restrict access to -- as well as patronage of -- online gambling platforms. It is working with industry experts to study issues and learn from other jurisdictions to formulate a strategy.

The study is expected to be concluded by the end of 2013.

Second Minister for Home Affairs S Iswaran revealed this at the Casino Regulatory Authority's (CRA) workplan on Friday.

He said: "The global online gambling industry, estimated at US$400 billion in 2011, is expected to grow at an annual rate of nine per cent, with the Asian market representing a significant growth opportunity.

"Online gambling is a new and potentially more addictive form of gambling, with greater access to the young and vulnerable. These risks will likely be magnified as the technology supporting online gambling further evolves."

Mr Iswaran, who is also a Minister in the Prime Minister's Office, noted that there are concerns within the Singapore community over social risks associated with online gambling as it is highly accessible, and that the government shares these concerns.

Separately, CRA noted that the incidence of crime in the casinos here is under control.

Over the past three years, crime reported in the casinos made up less than one per cent of overall crime in Singapore.

Since 2010, the casinos have detected and stopped more than 28,000 attempts by minors, and some 15,000 attempts by excluded persons, to enter the casinos.

The CRA will also work with the Home Team Behavioural Sciences Centre to examine the psychological profile of local casino gamblers to develop a more nuanced understanding of gaming behaviour.

- CNA/ac

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