Singapore Casino Rules And Regulations

Singapore Casino Rules And Regulations 9,1/10 5769 reviews

Laws in Singapore. If you’re thinking of heading to Singapore, you should be aware that the country has important regulations, some of which may seem harsh. For example, the rattan cane is legally used as punishment, not only for criminals, but also as a disciplinary measure in schools, the military and in the domestic scene.

Casino Regulatory Authority of Singapore
Agency overview
Formed2 April 2008; 12 years ago
JurisdictionGovernment of Singapore
Headquarters460 Alexandra Road, #12-01, PSA Building, Singapore 119963
Minister responsible
  • K Shanmugam, Minister for Home Affairs
Agency executives
  • Tan Tee How, Chairman
  • Teo Chun Ching, Chief Executive
Parent agencyMinistry of Home Affairs
Websitehttp://www.cra.gov.sg

The Casino Regulatory Authority of Singapore (Abbreviation: CRA) is a statutory board of the Singapore Government.

The CRA is responsible for ensuring that the management and operation of the casinos in Singapore remains free from criminal influence or exploitation. It also ensures that gaming in a casino is conducted honestly, and that casinos do not cause harm to minors, vulnerable persons and society at large.[1]

Enforcement Actions[edit]

Casino

In 2017, the CRA imposed financial penalties of SGD$60,000 on the two casino operators for lapses in their security screening.

Marina Bay Sands was fined SGD$5,000 for failure to prevent one permanent resident from entering or remaining on its casino premises without a valid entry levy.

Singapore is known as a country for its strict rules and regulations, and when it comes to gambling online, things are no different. Legally, punters can only bet on one of two local, licensed sites that offer limited options. Singapore casino rules don't seem to be complicated, but some intricacies should be taken into consideration. Local citizens and permanent residents of Singapore may attend casinos and gamble, but they have to pay some fee for visiting gambling houses. The fee for attending casinos reaches one hundred dollars per day. The Singapore Turf Club, which was launched as the Singapore Sporting Club in 1842, is another exciting option for sports bettors as it accepts bets on a wide range of international and national horse racing events. Singapore also has a couple of licensed casinos, which offer a wide range of casino games, including poker.

Resorts World Sentosa was fined SGD$55,000 for failures to prevent three minors and one excluded person gaining access to the casino floor.[2]

Under the Casino Control Act, an entry levy is chargeable to Singapore citizens or permanent residents wishing to enter the casino area of each resort.

All patrons must also be aged 21 or over in order to gamble legally in its casinos.

Casino

Future Gambling Regulatory Authority[edit]

On 3 April 2020, the Ministry of Home Affairs (MHA) announced that a new Gambling Regulatory Authority (GRA) will be formed by 2021 to control all gambling activities in Singapore, as opposed to having many agencies regulating it like the Casino Regulatory Authority (which only regulates casinos), the MHA’s Gambling Regulatory Unit (which controls fruit machines and remote gambling activities) and Tote Board (which manages Singapore Pools). The Singapore Police Force will continue enforcement against illegal gambling activities with the Ministry of Social and Family Development dealing with gambling issues. At the same time, current gambling laws will be reviewed and amended with the intention to regulate activities traditionally not seen as gambling, like mystery boxes.[3][4][5]

See also[edit]

Rules

References[edit]

  1. ^'Casino Control Act'. National Library Board. Archived from the original on 17 March 2011. Retrieved 5 January 2011.
  2. ^'GGRAsia – Singapore casino op fines down 64pct fiscal 2017: CRA'. www.ggrasia.com. Retrieved 2018-10-08.
  3. ^'Establishment of Gambling Regulatory Authority and Review of Gambling Laws'. Ministry of Home Affairs. 3 April 2020. Retrieved 3 April 2020.
  4. ^Wong, Cara (3 April 2020). 'New centralised authority to oversee all gambling here'. The Straits Times. Retrieved 3 April 2020.
  5. ^'New gambling regulator, legislation to be established by 2021'. CNA. 3 April 2020. Retrieved 3 April 2020.

External links[edit]


Retrieved from 'https://en.wikipedia.org/w/index.php?title=Casino_Regulatory_Authority_of_Singapore&oldid=969665823'


Updated on Monday 07th January 2019

The Casino Regulatory Authority of Singapore

The Casino Regulatory Authority (CRA) is a statutory board enabled by the Government in order to ensure the correct operation of casino operators in Singapore. The CRA also ensures that Singapore companies conducting gaming activities are compliant with the Casino Control Act which is the main regulatory framework enterprisers must comply with when setting up casinos in Singapore. Based on the Casino Control Act and with the approval of the Minister for Home Affairs, the Casino Regulatory Authority established a set of regulations comprising all the requirements operators registering casinos in Singapore must follow. Among these regulations are:

  • - how to apply for a casino license in Singapore,
  • - advertising issues,
  • - the gaming equipment to be used in casinos,
  • - licensing of special employees in Singapore casinos,
  • - responsible gambling rules,
  • - prevention of money laundering and terrorism financing regulations.

For a detailed list of all regulations issued by the CRA you may refer to our specialists in company incorporation in Singapore.

You can also find out from this video how toopen a company in Singaporeand set up your casino:

Applying for a casino license in Singapore

The Casino Control Act provisions the Casino License and Fees Regulations of 2009 for Singapore companies applying for a casino license. In order to obtain the license, the operator must file an application with the Casino Regulatory Authority together with the following documents:

  • - the appropriate application fee,
  • - corporate and individual information about the operator issued by the Singapore Accounting and Corporate Regulatory Authority ,
  • - other required documents by the CRA.

The fees to be paid for opening a casino in Singapore are:

  • - 1,100 SGD for the application for a casino license,
  • - 22.8 million SGD per year for operating a casino,
  • - 19 million SGD per year for operating 2 casinos,
  • - 850 SGD for casino license renewal.

Apart from the licensing requirements Singapore casino operators are also required to hire special personnel.

Special personnel in Singapore casinos

Among the special personnel a casino is required to hire are the individual managing the Singapore company who will also be authorized to make decisions with respect to the operations of the gambling facility. Individuals in charge with the movement of chips, exchange of money and counting the money or chips also have a special status. The Casino Control Act provides for 4 categories of special employees:

  • - category A for senior managerial positions such as the Chief Executive Officer and Chief Financial Officer,
  • - category B for other middle-management positions such as pit, slot or audit managers,
  • - category C1 for dealers, cashiers and slot attendants,
  • - category C2 for technical support for the gaming equipment and surveillance.

Special employees must be licensed by the Casino Regulatory Authority in Singapore and may not gamble within the casino they work for.

For complete information on how to open a company in Singapore as a casino, please contact our consultants in company registration in Singapore.

Why choose us?

Roger Pay is the Managing Director of Bestar and an experienced company formation consultant. He will help you open your company in Singapore as fast as possible.
As a Bestarclient, you will benefit from the joint expertise of local lawyers and consultants for opening an offshore company in Singapore.

Singapore Casino Rules And Regulations Rules And Regulations


Call us now at +65 97236684 in order to set up an appointment with our consultants in Singapore.

Singapore Casino Rules And Regulations 2019

Guides

Singapore Casino Rules And Regulations For Real

Open company in Singapore
Setting up a private limited company in Singapore
Open branch office in Singapore
Setting up a subsidiary in Singapore
Virtual office in Singapore