07 Dec '11, 9pm

Online gaming industry: To regulate or not?

SINGAPORE: It would be better for governments to license and regulate the online gambling industry than to turn a blind eye to the growing number of online punters worldwide, a PricewaterhouseCoopers (PwC) report released on Wednesday argued. This, especially as the global financial crisis strains public sector finances, it said. "With governments now facing severe fiscal constraints and eager to replenish their coffers, their attention has been caught by the potential of legalised and licensed online gaming services as a valuable source of tax revenues," it said. "There is also a strong argument that, since consumers will engage in illegal online gaming anyway, it is better to license and tax it than to allow the revenues to go to unlicensed operators." There are no studies on how big the online gaming community here is, but Singapore is one of the fastest growing casino ...

Full article: http://www.channelnewsasia.com/stories/singaporelocalnews...

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