Tag: online gambling

  • Online Gambling Just Another Revenue Generating Avenue For Government

    Online Gambling Just Another Revenue Generating Avenue For Government

    The SDP had opposed the PAP’s move to allow the construction of casinos in Singapore in 2005. The government’s rationale then was that there was money to be made off the gambling scene in Asia.

    Not every business venture should be pursued just because it makes money. There are moral and ethical considerations too.

    Gambling is a vice and its social ills are widely documented. Lives and families are destroyed because of addiction to gambling. Gambling also brings along other criminal activities such as money laundering, organised crime and sex trafficking.

    Just this year, for example, two people were engaged in gambling related crimes. A Singaporean was caught laundering nearly one million dollars in Australia in order to gamble. In a separate case, a UOB officer stole a total of $95,000 from the bank to pay for his gambling habit in Macau.

    For these complex and intertwining reasons, gambling – especially one facilitated by the state – should not be encouraged.

    Minister for Social and Family Development Tan Chuan-jin disingenuously argues that the PAP, by allowing state organisations such as Singapore Pools and the Singapore Turf Club to conduct online betting, is not encouraging gambling.

    He says that the move will, instead, allow that government to monitor the “very real dangers” of virtual gambling. However, he doesn’t spell out how the authorities will overcome these dangers by legitimising gambling over the Internet.

    The truth is that with or without the state’s entry into the online world of gambling, those who seek to indulge in the gaming habit will find ways on the Internet to satisfy their desires. Providing additional and state-sanctioned gaming sites adds to, not minimises, the problem.

    One factor that is prompting the government to enter into the online gambling business is that it sees its revenue falling due to poor economic circumstances. By getting into the act, the government opens up another avenue for revenue collection.

    The problem is that gambling exploits the dreams and hopes of the poor who are most vulnerable to and who can least afford such activity.

    There are many ways to develop a sound and mature economy without resorting to this kind of exploitation. Instead of making money from Singaporeans placing online bets, the PAP should free up the political system and encourage innovation and entrepreneurship. This will generate a productive economy and drive sound economic growth without adversely affecting our families.

    This latest measure is another step in a slow but certain descent into turning Singapore into a city without any values, and one ruled by a government with no ideas beyond exploiting the people.

     

    Source: http://yoursdp.org

  • Online Betting Sites Blocked As Remote Gambling Act Comes Into Force

    Online Betting Sites Blocked As Remote Gambling Act Comes Into Force

    Visitors to online gambling sites would have found themselves shut out yesterday after the authorities blocked access to several hundred of them, as laws to curb remote gambling kicked in.

    The list of websites to be blocked will be regularly reviewed, but details will not be made public, a Ministry of Home Affairs (MHA) spokesperson told TODAY.

    “The MHA and the Media Development Authority are working with Internet service providers (ISPs) to ensure that the blocking of websites is implemented smoothly,” the spokesperson said.

    As the law came into force yesterday, some regular visitors to remote gambling websites found that they were unable to withdraw money that they had deposited for games on those sites.

    A check by TODAY showed that as of 10pm yesterday, some popular betting sites such as ibcbet.com and sbobet.com had been blocked. Some other popular sites were still 
accessible.

    The Remote Gambling Act, which was passed in Parliament on Oct 7 last year, outlaws remote gambling services. “It is also an offence under the Act to publish remote gambling service advertisements and promote remote gambling in Singapore. Offending websites will be served notices to remove these materials,” said the MHA spokesperson.

    Under the new legislation, it is an offence to gamble in Singapore using remote communication such as via websites or to use a remote gambling service such as mobile apps that are not provided by an exempt operator. Those who break the law may be fined up to S$5,000, or jailed for up to six months or both.

    The Association of Banks in Singapore confirmed that banks here had been informed that the Act would come into force yesterday and said it had “ensured compliance with its provisions” after it received orders from the Monetary Association of Singapore (MAS) to do so.

    The MAS yesterday ordered all licensed banks, card issuers, holders of stored value facilities and operators of any payment system designated under the Payment Systems (Oversight) Act to block payment orders involving mobile or Internet gambling application or websites.

    Financial institutions are not to accept credit or proceeds of credit, any cheques, bank drafts or similar instruments, or make or accept electronic fund transfers or any fund transmissions to or from remote gambling services.

    They are also to block payment and prohibit transactions to merchant category codes 7995 MasterCard, 7995 Visa, 7995 UnionPay, 7995 JCB and 7995 Diners.

    Meanwhile, StarHub, an ISP here, yesterday told TODAY that it was putting measures in place, in compliance with the new law. However, it was not able to share information on the blocked websites due to confidentiality obligations, said a spokesperson.

     

    Source: www.todayonline.com