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[edit]. Accountants (Amendment) Act · Casino Control Act · Central Provident Fund (Amendment) Act · Electricity.


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The Casino Regulatory Authority. Control Act. Click here to access the Casino Control Act (Chapter 33A) via the Singapore Statutes Online.


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The Casino Control Act was enacted in to regulate the operations and gaming in Gambling in Singapore has been by and large illegal apart from a few.


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Industry, on the Casino Control (Amendment) Bill, in Parliament, on Friday, anxious about the potential adverse social impact and the implications for law and order. and a careful consideration of what served Singapore's best interest​. In , the Ministry of Trade and Industry revised its estimates.


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The Casino Control Act was enacted in to regulate the operations and gaming in Gambling in Singapore has been by and large illegal apart from a few.


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This Act may be cited as the Casino Control Act and shall come “Authority​” means the Casino Regulatory Authority of Singapore established under.


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CASINO CONTROL ACT. (CHAPTER 33A). (Original Enactment: Act 10 of ). REVISED EDITION (31st October ). Page 6 of


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at our law firm in Singapore, we get questions regarding the Casino Control act​. The Casino Regulatory Authority of Singapore has imposed financial Singapore (); England and Wales (); New York (); Hong Kong (​).


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This Act may be cited as the Casino Control Act and shall come “Authority​” means the Casino Regulatory Authority of Singapore established under.


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This Act may be cited as the Casino Control Act and shall come “Authority​” means the Casino Regulatory Authority of Singapore established under.


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casino control act 2006 singapore

This principle of having the industry demonstrate that they can meet the regulatory objectives before being allowed to operate a casino is succinctly captured by the phrase "Compliance first, Commerce later", a policy adopted by the Nevada Gaming Control Board. Our regulatory standards must necessarily be on par with theirs too. Members of the public were invited to give their comments on the Bill. Junket promoters bring in high-rollers to the casinos and provide them with VIP treatment in return for a commission. Apart from the casino operators and their employees, shareholders and business associates can also be possible avenues that criminals can exploit to infiltrate casino operations. The lease of the land on which the Integrated Resorts will be sited will be for 60 years and they be allowed to operate a casino for 30 years, subject to the suitability of the casino operators to run them. These are provided for under Sections 18 to 39 of the Bill. It is interesting to note that while some members of the public suggested that we should remove or lower the entry levy, there were others who supported the entry levy, and even suggested raising it higher and incorporating more entry criteria! For instance, the casino tax rates will remain unchanged for 15 years. This is consistent with overseas practices, where dedicated bodies are set up to regulate casinos. I visited casinos and regulators in Las Vegas and Macau to appreciate first hand the challenges and issues of regulating an industry as complex and dynamic as casinos. Disciplinary actions include fines or the variation, suspension and even termination of their licenses. It has 3 broad objectives. The Integrated Resorts was also a subject of vigorous public discussion for over a year. Having obtained the licence, the licencee must remain suitable throughout the validity period of the licence. The Bill comprises 13 Parts, and deals with the key aspects of regulating casinos in Singapore. Finally, after much debate and deliberation, we decided to act in favour of what would bring more benefit to Singapore and Singaporeans, and to allow the Integrated Resorts to be built. CRA's power to limit the number of hours that a casino can operate has also been removed. These are covered under sections to Apart from investigative and enforcement powers, CRA is also the approving authority for various aspects of casino operations. These practices are nonetheless necessary to ensure that our probity checks measure up to the standards of respected casino jurisdictions in other parts of the world. Second, the Bill will set out a regulatory regime for the casino operator and related business parties. Cheating, forgery, tampering with gaming equipment or attempting to exploit the casino chips as an alternative currency are regarded as attempts to undermine the integrity of the casinos' operations, which will lead to fines or imprisonment or both. Since April last year, my Ministry has been studying the regulatory practices of well-known casino jurisdictions in other parts of the world. The Authority shall also work closely with the Police to manage the law and order situation in and around the casinos. This reflects their preference for checks and balances. At the same time, having casinos could mean more people gambling and getting themselves - and their families - into trouble. We believe that all these measures will provide greater certainty and enhance the competitiveness and attractiveness of our Integrated Resorts and the investors' ability to raise funds for the project. We want them to succeed after the investors have committed to spend billions of dollars on the projects. Many crimes in the casinos are committed by persons who collude with casino employees. Third, the Bill will provide for a number of social safeguards to protect vulnerable persons from casino gaming. We took into account the investors' feedback and suggestions, and decided to relax a number of operational controls on the casino operator that may interfere with their day-to-day operations. In addition, through this Casino Control Bill, the Government is committed to a number of measures to provide greater certainty and support to investors of our Integrated Resorts. Most of it pertained to specific social safeguards, such as the entry levy and exclusion orders, and on not crime, corruption or other law and order concerns traditionally associated with casinos. Such checks will ensure that only suitable persons are given the licence to operate casinos in Singapore. Where there are material changes to the licencee's situation that could affect his suitability, the licencee is required to report these changes promptly to the CRA. In addition to seeking comments from the public and the investors, we also sought comments from casino regulators in other jurisdictions. Junket promoters function as the middle man between the casinos and the high-rollers, buying and encashing chips on behalf of the high rollers. Secondly, the CRA is empowered to deal with offences typically committed in casinos. The casino operator can take this lead time to seek approval from CRA and apply for the licences for various aspects of the casino that are required under the Casino Control Bill. The Bill seeks to put in place a legislative and regulatory framework that will help provide an environment where the Integrated Resorts can succeed and thrive, while enabling us to keep social and law and order problems under control. The CRA will be formed 12 to 18 months before the first casino starts operation. The two casino operators will also enjoy an exclusivity period of 10 years. At the same time, we will also take measures to minimize the undesirable effects of casino gambling, and put in appropriate safeguards to deter vulnerable persons from the casino. Their management may not be used to disclosing so much information about themselves and their companies. I shall now touch on the regulatory powers of the CRA. In addition, various sections of the Bill empowers the CRA to collect licensing fees and to take disciplinary action against casino operators, key employees and other parties licensed under the Casino Control Bill for any regulatory breaches. Potential investors of our integrated resorts were also invited to provide feedback on the Bill. The objective was to tap their experience and expertise as established casino regulators, to help address our own lack of experience in managing the casino industry. This suggests that there is public confidence in the Government's ability to manage the potential law and order issues associated with casinos. As such, under the Casino Control Bill, the regulator will be empowered to exercise control over such relationships.{/INSERTKEYS}{/PARAGRAPH} We also sent the draft to regulators in the US and Australia for comments. Hence, in Nevada, eg, share transfers of any amount would require approval from the regulators if the casino is privately held. They range from less sophisticated crimes, such as cheating at tables, to high-level schemes between the casino and criminal syndicates to say, launder money. Our response to the public feedback was posted on the Feedback Unit's e-Consultation portal on 13 December In comparison, the investors' concerns were whether the various requirements were overly stringent and could affect their ability to raise funds or run their businesses effectively. For instance, in US, the general practice is to divide the regulatory powers into a Commission, which sets the policies and collects licensing fees, and a separate Casino Control Board, to enforce the policies and conduct investigations. Because of the large sums of money transacted between the junket promoters, their clients and the casinos, it is important that junket promoters are well-regulated to ensure that the junkets do not provide a cover for crime syndicates to engage in criminal activities, such as money laundering. In Australia, however, the regulatory powers are centralised in a single agency for effectiveness and efficiency. We believe that our supervision and regulation of the casinos will not be compromised by these changes. In particular, the CRA shall submit to the Minister for Home Affairs its annual report and audited financial statements, which will be presented to Parliament. As a statutory board, the CRA shall be subject to the same governance standards as other Statutory Boards of the Government. Organizing junkets is a specialised and highly lucrative business that is important to the casinos' viability. {PARAGRAPH}{INSERTKEYS}In April last year, the Government announced its decision to invite proposals to develop two Integrated Resorts with casinos in Singapore. This is because the Integrated Resorts require heavy investments. This is the reason why we, like other leading gaming jurisdictions, conduct probity investigations on potential operators of our Integrated Resorts. Any company that wants to be involved in the casino industry in Singapore is expected to cooperate with the CRA and be subject to probity investigation. First, the Bill will provide for the setting up of the casino regulator with the necessary powers to enforce the regulatory regime. However, each jurisdiction has chosen a slightly different approach to tackle specific issues, depending on its historical and legislative context, as well as the resources available. For this reason, Section of the Bill shall require junket operators to be licensed before they can work with our casinos. Sections to of the Bill empower the CRA to adjudicate disputes between the casino operators and their patrons. For transparency and accountability, board members are also required by law to declare their interest in any particular project or transaction concerning the CRA or the casino operator. Sir, the Casino Control Bill will provide the legislative and regulatory framework to help to ensure that criminal activities associated with casino operation do not take root in Singapore, and to mitigate the potential negative consequences of the casinos on our society. When I visited the Nevada Gaming Commission in November , the Chairman of the Nevada Gaming Commission and Members of the Nevada Gaming Control Board advised me to carefully scrutinise the potential casino operators, as it is only through the selection of suitable casino operators with the right people to manage its operations would we be able to keep criminals and fraudsters away from our casinos. However, such comprehensive investigations are new to Singapore companies taking part in the RFP for the Integrated Resort. To ensure that the integrity of our casinos is not compromised from within, Sections 43 to 56 and Sections 79 to 98 of the Bill will require that the casino operators and their key employees be licensed by the CRA. It will oversee the casinos' system of internal controls and accounting procedures, such as those listed at Section It can also receive and investigate complaints from casino patrons about unfair gaming. No one shall be allowed to work or hold key positions within the casino without a licence. The exercise has generated useful feedback from Singaporeans. Firstly, the CRA shall have powers to investigate and probe into the casino operator's background, accounts and business links under Sections 10, 15, 46, 63, The investigations, which are very thorough and often involve the key directors and management, are standard practice in many well known overseas gaming jurisdictions. Only suitable persons will be licensed to operate the casino or to work in positions of influence in the casino. Many cited the Bill as a thorough and sound legal basis to launch a comprehensive regulatory framework. Concerns were expressed that crimes, such as loan sharking, money laundering and prostitution could increase and tarnish Singapore's reputation as a clean, safe and secure place and that casino gambling could also erode values such as thrift and hard work that have underpinned Singapore's success. Such comprehensive investigations are also being conducted for the bidders of our Integrated Resorts. We aim to position our Integrated Resorts with the best in the world. Having studied more about the best practices across these jurisdictions, we have adapted the best practices and sound policies appropriate to our unique requirements. Having been exposed to similar investigations in other casino jurisdictions, foreign bidders of our Integrated Resorts project have cooperated fully with us in the process. The Integrated Resorts would provide a strong boost to our economy and create many new jobs for Singaporeans. The issues and concerns across the various jurisdictions are not very different from ours. For applicants who wish to operate the casino, the applicant must also demonstrate that he has a sound and stable financial background. I am happy to say that their feedback has been very encouraging. During this period, no new casinos will be allowed. The considerations of "suitability" include whether the applicant is of good repute with regard to character, honesty and integrity, and has the ability to work in the capacity that he or she has applied for. Sir, the Casino Control Bill that I have introduced in Parliament is an important milestone in the process of bringing the Integrated Resorts project to fruition. This was debated over four days in Parliament during which many Members of Parliament shared their concerns on gambling, stated their positions and made suggestions concerning casinos in Singapore. In response to feedback, the Government also decided to enact the Casino Control Bill early so that potential investors will have a better idea of our regulatory regime and what they can and cannot do. They include the requirement for the casino operator to seek the regulator's approval for the casino layout, and the powers to stipulate a minimum number or a maximum number of a particular game in the casino.