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Singapore Seeks Online Betting Exemptions

The Singapore Pools and Singapore Turf Club have applied for exemptions for online betting in the Asian country so that they may offer wagers for 2016 European football championship games.

Singapore currently has a blanket ban on internet gambling, but the lure of profits from betting on football matches is too much for the firms, and they are seeking the exemptions from the government.

The country's government has set a deadline for groups who want an exemption to the Remote Gambling Act, which formally came into effect earlier this year. The time to analyze the applications appears to be very long, as companies were told it would take 9-12 months to approve. Any firm seeking exemptions to the online betting ban must also be "not for profit", and the investigation process will likely look to ensure that this is indeed the fact.

Casino Listings will update this story as more developments arise.

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