Singapore’s Second Minister for Manpower and Home Affairs, Josephine Teo, announced this week that the government is preparing to streamline its casino and gambling regulations. The goal: to safeguard an industry that generates significant revenue for the state while ensuring long-term sustainability.
Speaking at the 10th anniversary of the Casino Regulatory Authority (CRA), Teo emphasized the need to consolidate oversight responsibilities, which are currently split across multiple agencies.
“This piecemeal approach will not be sustainable or adequate to deal with the growing complexities of the gambling landscape and products,” Teo told attendees, according to The Business Times.
She highlighted growing competition from regional markets such as Japan and the Philippines, where integrated resorts (IRs) are expanding rapidly. Japan, in particular, is basing elements of its forthcoming casino legislation on Singapore’s model.
“Competition for tourism revenues will get more intense,” Teo added. “Many jurisdictions are studying our Integrated Resort concept. Our IRs will be keen to stay ahead of the competition.”
The CRA currently operates under the Ministry of Home Affairs.
Strengthening the Framework
Since the launch of Resorts World Sentosa and Marina Bay Sands eight years ago, Singapore’s casino resorts have transformed the nation into a top global tourism and gaming destination. Together, the properties have delivered billions in tax revenue while boosting the broader economy.
However, oversight remains fragmented. In addition to the two IRs, Singapore hosts remote gambling operators and private clubs with licensed slot machines—each sector governed by different agencies. Teo argued that consolidating regulatory responsibilities under a single body would foster a more “holistic and coherent” approach to supervision, ensuring adaptability as the market evolves.
At the CRA’s Workplan Seminar on Friday, Teo urged regulators to refine their strategies and position Singapore’s gaming sector for the next decade of growth.
Singapore vs. Japan
Singapore’s regulatory framework has long been regarded as the benchmark for gaming in Asia. Now, Japan is preparing to enter the market, with its National Diet expected to present its IR legislation on April 27.
- Key differences and similarities between the two countries’ models include:
- Number of IRs: Japan is expected to approve three properties, compared to Singapore’s two.
- Casino Floor Space: Japan may scrap Singapore’s floor size cap of 15,000 sqm (161,458 sq ft).
- Entry Fees: Both countries intend to impose entry fees on citizens and residents to mitigate problem gambling.
- Taxation: Japan is reportedly considering a 30% gross gaming revenue tax, while Singapore currently taxes VIP play at 12% and mass market play at 22%.
Singapore’s proactive approach to regulation has cemented its reputation as a global leader in gaming policy. But with Japan and other Asian nations preparing to compete aggressively for tourism dollars, Singapore is moving to ensure its industry remains competitive, secure, and sustainable.
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