Singapore is one of the most vibrant economies in Asia, and a melting pot of cultures, traditions, and architecture.
Commonly referred to as The Lion City, it is also a popular travel destination for people from all over the world.
The land-based casino industry here is regulated and progress has been made towards legalizing the Internet operators.
As the Singaporean gambling market expands, new international bookmakers, casinos, and poker rooms are expected to cater to local players.
We’ll tell you everything you need to know about the features of the top Singaporean online casinos. So, let’s get started!
How to Find the Best Online Casino Singapore?
When browsing for online casinos in Singapore, players must know that the current gambling legislation only covers brick-and-mortar operators. The rules that make up this piece of the law were not clearly defined back in 2004 when the Remote Gambling Act was passed.
However, it only started to produce effects in early 2015 and it has created the legal framework for gambling in land-based casinos. We can help you find Singaporean online casinos that offer similar security standards when gambling over the Internet.
Online Casinos Accepting Players from Singapore
In the absence of a clear set of laws governing online gambling Internet casinos are still in a gray area. The RGA has been brought up to date, to allow foreign operators to apply for a license, which is issued by the government of Singapore.
Since this is a relatively new addition to the legal system in this country, there are not many online casinos accepting players from Singapore. The ones that have successfully applied for a license are only able of providing sports betting, lottery games and horse racing.
Compared to European countries, where the legal gambling age is 18, online casinos accepting players from Singapore restrict the audience to 21 years old and above. It is not permitted to gamble on credit and Internet casinos are compelled to uphold strict daily gambling and funding limits.
This has the advantage of protecting players who sign up for an account, but also poses unique obstacles for veteran players. The Singaporean online casinos that we recommend offer the best terms to those who sign up.
Online Gambling is Gaining Traction in Singapore
A clear set of rules would lead to a surge in the number of online casinos that accept players from Singapore. At the time of writing, the existing legislation can still be improved and many international operators are reluctant to enter the market. That’s because those who don’t comply with the rules are in danger of pain huge fines and their online gambling licenses will be revoked.
The worst-case scenario is to be fined as much as half a million dollars and wrongdoers can serve up to seven years in prison. Even so, Singaporean players are getting increasingly enthusiastic about the games available at online casinos.
The government has taken serious steps towards limiting access to unlicensed online casinos. In addition to banning those who operate illegally, they work closely with Internet service providers to block foreign gambling sites. The authorities even try to ban the use of VPNs, to prevent residents from circumventing the geo-restrictions.
Online casinos catering to players from Singapore also have a hard time transferring funds to and from their customers’ accounts. That’s because financial institutions are compelled by the government to block these transactions, so it is difficult to deposit and cash out.
What Authority Regulates Gambling in Singapore?
The Casino Regulatory Authority is the one in charge of overseeing the entire online and land-based gambling industry in Singapore. This is a department of the Singaporean Ministry of Home Affairs and it diligently works to make sure that online gambling in this country is regulated.
They’re also responsible for keeping the brick-and-mortar casinos in check and create a secure environment for all players. Those who have the curiosity of visiting the official website of the agency will learn that their goal is to keep gambling free from criminal influence, ensure fairness of gambling and protect vulnerable players.
Land-based operators, as well as licensed online casinos accepting players from Singapore, are verified often by this authority. Delinquents are promptly reprimanded and given the harsh measures employed against those breaking the law, the consequences are always dire.
Speaking of which, players themselves take serious chances by gambling at operators that don’t hold a valid license. We try to provide assistance to those who are ready to sign up for an account, so they stay on the safe side when playing.
Online Gambling Laws and Regulations in Singapore
Gambling in Singapore has always been tightly regulated and there is no reason to expect this to change in the foreseeable future. Over the last decade, the focus of the Casino Regulatory Authority has been on creating the best environment for those who gamble in brick-and-mortar casinos.
That’s because this is the main destination for most players, with a minority of gamblers being interested by the online casinos accepting players from Singapore. The online gambling laws allow residents to play at licensed establishments, but similar activities at unlicensed casinos are strictly prohibited.
Compared to the gambling regulations in other countries, Singapore has different legislation for the most important facets of gambling. These include but are not limited to the Common Gaming Houses Act, Casino Control Act, Betting Act, Remote Gambling Act and the Private Lotteries Act.
With so many laws operating concurrently nationwide, it can be difficult for regular players to get up to speed with the latest news. That’s why it is recommended to undertake serious research before signing up for an account. Our reviews provide you with a more straightforward path towards choosing a secure gaming environment.
Singapore Online Casino Payment Methods
The first step is to find online casinos for Singapore players that operate legally, so you don’t break any laws. Second, players are expected to choose one of the payment methods available, so they can load their accounts with real currency.
The authorities will go to great lengths to prevent players from betting real money at unlicensed casinos and they work closely with the banks. This means that reliable financial instruments, such as credit, debit and prepaid cards can only be used at licensed online casinos.
Singapore is a highly developed country where the latest banking options can be used to pay for services and buy goods over the Internet. E-wallets are routinely used for all sorts of activities, included online gambling at licensed casinos. Neteller, PayPal, and Skrill among others can be used to make instant deposits and cash out winnings faster.
Other alternatives include wire transfers and payment methods that are popular in Southeast Asia. Some online casinos for Singapore players are cryptocurrency friendly, which means that their players can deposit in Bitcoin and other altcoins.
Singaporean Online Casinos Pros and Cons:
The main advantage for gambling at Singaporean online casinos is that the authority regulating them doesn’t make compromises. Players are in good hands from the moment they sign up for an account and if they feel mistreated, they can ask for assistance.
Another reason for choosing these casinos is that they include several industry leaders, which are attracted by the vibrant economy. The Singaporean gambling market is still growing and it continues to attract new operators from all over the world.
The downside of signing up at casinos accepting players from Singapore is that a lot of research is needed. Ultimately, players need to make sure that they join an operator that is trustworthy, transparent and legally operating.
This is a time-consuming process and there is always the risk of having transactions blocked, or even suffer legal consequences if the casino doesn’t hold a valid license.
Online casino Singapore FAQ:
Start Playing Today at One of the Best Online Casino in Singapore!
The Singaporean online gambling industry is gaining traction every year, with international operators applying for licenses. Strictly regulated, it is yet to reach its full potential, as only a few Internet casinos operate legally in the country.
Interest for online gambling is on the rise and as new casinos secure a license, healthy competition benefits players. The Casino Regulatory Authority is carefully watching over land-based and Internet casinos, to maintain a secure and transparent gaming environment.