Bloomberg News

Singapore Plans to Amend Casino Act After Public Consultation

July 06, 2012

Singapore plans to amend the Casino Control Act one month after it added 15,000 more citizens and residents to a list of those banned from the city-state’s two gaming resorts, according to a government statement.

Some proposed amendments seek to restrict the number of visits by residents who gamble frequently and land in financial distress, Channel NewsAsia said in a report today. Families and individuals can apply for a “visit limit” to the casinos under the proposed amendment, it said. The government statement didn’t elaborate on the proposed changes in the law.

The government, which awaits feedback from the public for changes in the gambling regulation, plans to amend its six-year old casino law to control criminal activities, strengthen social safeguards and improve tax administration, according to the statement on the Ministry of Home Affair’s website.

“With the benefit of practical experience in regulating and managing the casinos over the past two years, a review of the casino regulatory regime and the Casino Control Act is therefore timely,” according to the statement.

The nation dropped its ban on casinos to boost tourism, with Las Vegas Sands Corp. (LVS:US) and Genting Singapore Plc (GENS) spending more than $10 billion on two gaming resorts that opened two years ago. They include Southeast Asia’s only Universal Studios theme park and a downtown convention center.

To contact the reporter on this story: Dinakar Sethuraman in Singapore at dinakar@bloomberg.net

To contact the editor responsible for this story: Linus Chua at lchua@bloomberg.net


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