he Singapore Ministry of Home Affairs has confirmed that the governance of both state owned gambling enterprises have applied to be exempt from current online laws and open betting markets to Singapore consumers.
Singapore Pools appears to be pushing hard for its exemption, having confirmed that it has hired industry leading sports betting systems developer OpenBet to act as an advisor and develop its online sports betting offering.
Local business news sources have reported that OpenBet will conduct workshops to advise Singapore regulatory bodies.
The MHA is set to evaluate the operator’s requests, a process that could take up to 12 months to review. Singapore ministers have stressed that any gambling or betting activity must be operated for the benefit of Singapore’s society and that social safeguards must be met to protect the underage and vulnerable.
In February the Singapore government introduced a tough RGA code, which introduced strict new measures in curbing online gambling activities. The Singapore authorities can stop access to remote gambling operators by ISP blocking, through banking transactions.
Furthermore the government outlined that it would attach severe criminal punishments to operators deemend to be targeting Singapore consumers remotely.