Singapore to prescribe electronic credits as casino chips under new regulatory regime
set26 Singapore is to enact new casino regulations to prescribe electronic credits as casino chips. Additionally, “new wagering instruments may also be prescribed in future,” should the city-state’s Gambling Regulatory Authority (GRA) “assess them to be suitable”. That is according to a Monday update from the Ministry of Home Affairs, outlining a second tranche of measures under the country’s Casino Control (Amendment) Act 2024 that took effect that day. The Casino Control (Amendment) Act 2024 had received a second reading in Singapore’s parliament in September 2024. Monday’s statement said: “New Casino Control (Prescribed Casino Chips) Regulations 2026 will be enacted to prescribe electronic credits as casino chips. “New wagering instruments may also be prescribed in future, should GRA assess them to be suitable.” The statement said the intent of the changes was “to future-proof the regime” to allow for new modes of payment, “such as cashless gaming”. “An example is where ...