Poker Black Friday Heading To Singapore?

Poker Black Friday Heading To Singapore?The Southeast Asian country of Singapore is one of the world’s biggest casino markets, generating around $6 billion each year in gaming revenue, and a further $375 million annually in online gambling.
The global remote gambling industry is estimated to be worth US$35 billion annually and actually represents the biggest area of growth for potential operators. Last year, for instance, online gambling’s annual growth rate was around 9%, or five times higher than the expected growth rate of land-based gambling businesses.
However, concerns have been raised recently that Singapore may soon place a ban on all forms of remote gambling, including poker, after the Second Minister for Home Affairs, Mr Iswaran, emphasized the addictive nature of the games, as well as the potential to use online gambling sites for illegal activities, such as money laundering.
This would all spell very bad news for a legion of poker fans who view poker as a game of skill and risk management, rather than being just a gambling pursuit. Many of these players could soon find themselves in a US Black Friday situation, and cut off from the fulltime or supplementary incomes afforded to them by online poker.
Following Mr Iswaran stating his worrying views on online gambling, there was immediate reaction from many players involved in the industry, with one such Singaporean pro, Bryan Huang, commenting:
“I sincerely hope the game we love, live on, play seriously as a hobby does not get mixed up with the shady activities/online casinos targeted by the new laws. Unfortunately if it does we might have our version of Black Friday in Singapore. I’ll definitely be watching closely when these laws go into place and make the necessary arrangements to make sure I am not breaking any laws.”
The good news, however, is that the jury is still undecided on whether an outright ban would curb gambling addiction and money-laundering activities or simply drive them underground. More stringent controls within the industry, on the other hand, could allow operators to more effectively monitor and police these activities and thus bring them in line within legislative guidelines.

Other news:   Multi-state online poker compact bill introduced in Pennsylvania

Poker News
Mississippi Casinos Post Record Revenue in April as Sports Betting Beckons
04 Jun 2018
Mississippi’s casinos generated gross gaming revenue of $184 million in April, or 5% more compared to the same month in 2017. Furthermore, that total represents an all-time high for the state, and is 1.3% more than the previous record set in 2007 when thousands of volunteers entered Mississippi to assist in cleanup efforts post-Hurricane Katrina.
Switzerland Prepares For June 10th Legalized iGambling Referendum
04 Jun 2018
On June 10th, Switzerland will hold a national referendum to decide whether the ‘Money Gaming Act’ passed by the Swiss Parliament in September 2017 can be implemented next year in its present form. The piece of legislation paves the way for land-based casinos and local partners to offer legalized online gambling in Switzerland, although a
MGM Resorts International Buys NY's Empire City Casino for $850 Million
02 Jun 2018
Real estate and entertainment conglomerate MGM Resorts International has revealed that it’s embarking on a purchase of Empire City Casino, a slots and pari-mutuel wagering venue located in Yonkers, N.Y., just a few miles north of Manhattan. The deal was announced May 29 in a press release, and is expected to be completed near the
Delaware to Launch Full-Scale Sports Betting on June 5th
02 Jun 2018
Last month’s decision by the US Supreme Court to overturn the sports betting ban in the country has opened the floodgates for individual states to legalize and regulate sports wagering within their borders. Before its decision was even made, though, a number of states had already put in place the necessary legislation in order to