Singapore National Mulls Over Ban on Remote Gambling

Singapore National Mulls Over Ban on Remote Gambling

Singapore’s government really loves many Western things; online gambling might not be one of them, though.

In the same way numerous nations are moving towards on line gambling lured by numbers with a lot of zeros and tips of economic development Singapore’s government is considering a move in the contrary direction, weighing up the chance of a block on remote gambling in the Asian nation.

No Access

The government is considering preventing access to online gambling websites, taking away the ability to make payments to remote gambling operators, and banning the promotion of online gambling in advertisements throughout the nation in order to block residents from gambling online.

The government’s potential measures had been established at a recent symposium on casino regulation and crime by the country’s Second Minister for Home Affairs, S. Iswaran, who explained that the potential risks that surround remote gambling have grown along side the popularity for the pastime itself in Singapore.

‘While such measures may not be foolproof, they’ll impede access to remote gambling platforms and deliver a clear signal for the regulatory stance in Singapore,’ stated Iswaran. ‘Remote gambling offers us cause for concern winner casino no deposit code [because] it really is ubiquitously and easily accessible through the online world and mobile applications, particularly by a younger and more tech-savvy generation.’

The contrast between the total outcomes of two studi Continue reading “Singapore National Mulls Over Ban on Remote Gambling”

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Caesars States Mixed Third Quarter Results, WSOP TV Ratings Also Mixed

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World Series of Poker champ Joe McKeehen had a $7.68 million payday this week, the WSOP also helping the financials that are third-quarter Caesars.

Caesars Acquisition Company (CAC), the investment arm in Caesars Growth Partners (CGP), released its third quarter revenues for 2015 and the total results are mixed.

The moms and dad business to Caesars Interactive Entertainment, the World group of Poker and a few casinos including Planet Hollywood, Harrah’s New Orleans, while the Horseshoe Baltimore, CAC reported total new profits jumped to $601.2 million into the three months ended September 30, a growth of nearly 24 per cent.

Not all the news had been positive, CAC also revealing that its income that is net from operations had been simply $20.5 million, a 71 per cent drop year-on-year.

Caesars Acquisition’s CEO Mitch Garber had no qualms rotating the negatives into positives, saying his organization remains ‘encouraged by the performance that is strong of assets.’

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