Online gambling in Singapore coming to an end
Image credit: The Real Singapore
The game is up for online gamblers in Singapore after Bet365 and IBC Bet started the process of closing customer accounts in the country, writes the Malaysian Insider .
The Remote Gambling Act – passed by the government in Singapore earlier in October – will classify online gambling as an illegal activity as of next year. And now operators have begun to close accounts and stop new registrations.
Any gambling provider found to be offering services to customers based in the country after the legislation comes into power could face up to seven years in jail and a fine of up to $400,000 (£250,000).
The Singapore Government has announced plans to order Internet Service Providers to block access to online casinos and gaming sites once the ban comes into practice.
Bet365 and IBC Bet have already started to close the accounts of Singapore-based gamers. “We regret to inform you that we are no longer able to provide services to accounts registered in your country,” Bet365 told its customers in a statement on Friday 17th October.
Firms including 888, William Hill and SBO Bet are starting to follow suit, although the new Act isn’t without its detractors – William Mummery, executive director of Celton Manx which operates SBO Bet, believes the legislation will have “far reaching effects on legitimate businesses and individuals.”