Changes being proposed to Casino Control Act
Published on Nov 15, 2012 3:19 PM
PROPOSED amendments to the Casino Control Act will help to ensure that the integrated resorts make a positive contribution to Singapore's economy while minimising any adverse social impact and crime.
Mr S. Iswaran, Minister in the Prime Minister's Office and Second Minister for Home Affairs and Trade and Industry, said in Parliament on Thursday that the review of the Act is timely two years after the casinos opened. "It is... imperative that we continually monitor developments, anticipate trends and challenges, and ensure that our regulatory regime stays effective and relevant," he said.
Among other things, an evaluation panel will be set up to assess the performance of the two IRs for the granting and renewal of casino licences from 2015. It will provide an independent opinion to the Casino Regulatory Authority on the ability of the IR operators to fulfil their economic obligations, looking at factors such as visitor appeal, contributions to tourism, and how they match up to international attractions.
Key changes being proposed also include limits on how many times a person who is "financially vulnerable" can visit the casinos.
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