28 Feb '18, 6pm

Singapore’s legal online gambling hasn’t led to betting surge https://t.co/SiaibvX08Z

Singapore’s legal online gambling hasn’t led to betting surge https://t.co/SiaibvX08Z

Singapore’s authorization of online gambling at its two state-approved betting monopolies hasn’t led to a surge in wagering, according to a senior government minister. On Wednesday, parliamentarians queried Second Minister for Home Affairs Josephine Teo on the effects on Singaporean society of the September 2016 approval for the Singapore Pools and Singapore Turf Club monopolies to launch new online betting sites. The Straits Times quoted Teo responding that there has been no sudden surge in online wagering, and that a significant number of the two monopolies’ new online bettors “appear not to be first-time gamblers.” Teo went on to say that 30% of Singapore Pools’ new online gamblers and 80% of Turf Club’s online registrants had previously held telephone betting accounts with the operators. Even among those online bettors who hadn’t opened telephone accounts, “over 95%” h...

Full article: https://calvinayre.com/2018/02/28/business/singapore-lega...

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