25 Feb '12, 12am

Online gambling growing on the quiet: By Jessica Lim & Cheryl Ong Online gambling has been growing on the quiet,...

Online gambling growing on the quiet: By Jessica Lim & Cheryl Ong Online gambling has been growing on the quiet,...

-- PHOTO ILLUSTRATION: ISTOCKPHOTO By Jessica Lim & Cheryl Ong Online gambling has been growing on the quiet, with punters here placing bets on their smartphones while on the go, on their computers at home or even at work. They visit websites to play poker and other casino games, or bet on the outcomes of sports matches - with no house rules, no casino levies, no bars to entry. Last year, such online gambling sites raked in US$357.2 million (S$449 million) from punters here. The year before, the figure was US$312.49 million, and in 2009, it was US$271.58 million. Background story The fact that online gambling allows for continuous play and is accessible round the clock makes it 'a potentially highly addictive form of gambling', said an MCYS spokesman. Winnings and losses are settled face-to-face with the bookie or by bank transfers some days later. When settlement is not d...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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