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This sovereign island city-state in Southeast Asia has quickly become the go-to destination for many tourists. Sporting some of the most noteworthy casino resorts in Southeast Asia it comes as no surprise that tourists and locals alike enjoy the excitement of gambling. There are plenty of online betting options available to players that fall within the laws of the city-state. Following strict rules and regulations, these establishments offer some of the best gambling options to online players. In this review, we will take a closer look at what these online casinos offer so keep reading to learn more about why players have been flocking to create their accounts at these reputable sites!
The Best Online Casinos in Singapore
About Lgeal Gambling in Singapore
Singaporean online casino sites are becoming increasingly popular as the interest in gambling rises in the territory. Gambling at a brick-and-mortar casino is legal if the casino falls within the statutes and laws and Singapore is home to two of the best land-based casinos in Asia. These casinos have to be incorporated within an IR (Integrated Resort), which means that the casino has to form part of a greater resort that includes features such as hotels, convention facilities, entertainment shows, retail, and theme parks. Some institutions are also able to provide slot machines in designated areas under the Private Lotteries Act.
Internet gambling is firmly regulated and any online gambling at a non-government-based casino site is considered illegal in Singapore. There are only a handful of online platforms where you can legally gamble online including lotteries approved by the government.
The good news for Asian players who have won big at a Singapore casino is that their winnings will not be taxed. Tax liability only falls on income received in Singapore, which means that you will have to pay tax on all income you receive. Casino winnings in this territory are not subjected to capital gains tax as there is no capital gains tax in Singapore.
While winnings are not required to be declared, it might be wise to keep a record of them if you are called to explain the sudden boost in your bank account. It is unlikely that you will ever need to pay tax on winnings.
Gambling Authority in Singapore
All gambling activities are tightly regulated by the MHA (Ministry of Home Affairs) through stringent laws. These rules and regulations are put in place to minimise criminal activity such as money laundering and to protect the community. The legal gambling age at most online casinos for players is 18 years old. However, to gamble at a land-based casino you’ll need to be at least 21 years old.
Exempted and licensed gambling activities are able to provide bettors with the best betting services and games. Some of the laws that form part of the MHAs Jurisdiction are:
The MHA has adopted a holistic approach to regulating the casino and gambling industry. They do this through two regulatory bodies that oversee gambling in the island state.
These regulatory bodies work as follows:
The Ministry of Home Affairs announced that the mandate of the CRA will be reformed to create the Gambling Regulatory Authority (GRA) in 2021. The GRA will take over the implementation of rules and regulations for all gambling activities. The MHA has also stated that due to the evolving gambling landscape the gambling legislation will be reviewed and amended to include other activities that are not seen as standard gambling.
Singapore Casino Games Pros & Cons
|Types of Activities||Advantages||Disadvantages|
|Lottery||Low bet requirements. Frequent draws and big wins.||Few lottery options are available at Singapore Pools|
|Sports Betting||Sports fans have multiple betting options. World wide available racing and sports.||Limited to Football and motor racing. Odds are set by the government.|
|Horse Racing||Low betting requirements with multiple betting options available. The excitement of live streaming.||Odds are set by the government. Limited horse races are available.|
|Online Casino Games||Various bonuses are available to players. Variety of available online games.||Laws prohibit online gambling at non-exempt online casinos.|
Singapore Casino Bonuses
It’s no surprise that some of the most popular gambling activities are the Singapore Pools and the TOTO lottery. Due to the laws of the region on gambling, many bettors are making use of the bonuses when they are available to them.
Many bettors prefer the thrill of online sports betting and will be able to boost their balance and odds of winning big by taking advantages of the exciting online casino bonuses, a few of which include:
Singapore Casino Bonuses Pros & Cons
|Type of Bonus||Pros||Cons|
|Free bet bonus||Free money to place bets on sports or racing||Not widely available|
|Welcome bonus||Extra funds to explore what’s on offer at an online casino||Withdraw limits on winnings|
|Cashback bonus||No wagering requirements||Limited to specific periods and games|
|Free Spins||Free credits or money to play on slot games||Limited to specific slot games|
|Deposit bonus||Receive free money to play with on your account when you make a deposit||Not widely available and limited to certain games|
Singapore Casino Payment Methods
|Payment Method||Deposit Time||Withdrawal Time||Fees|
|Neteller||Instant||Instant||Depends on Casino|
While the most common legal gambling age at online casinos is 18 years and up, players need to be 21 years of age and up to gamble at local brick and mortar casinos.
When gambling at online casinos, e-wallet services are most popular among punters due to the fact that they can make transactions that don’t require sharing sensitive financial information.
It is important to pick a reputable online casino with a valid licence when you do decide to gamble online. It is advised that you follow the laws of the city-state when it comes to online gambling.
Yes! Bettors can enjoy the thrill of classic sports, motorcar racing and horse racing.
Many online casinos have a variety of bonuses on offer to their players such as welcome bonuses, deposit bonuses and cashback bonuses.
Yes. The Ministry of Social and Family Development implement special measures to safeguard the society and offer help services to gambling addicts and their families.
The government strictly regulates all gambling activities in the island city-state. It is considered illegal to gamble at a non-exempt online casino.
Casino winnings in the region are not considered to be capital gains and therefore are not taxed.
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