Singapore Considers Expanding Online Gambling to Boost Post-Pandemic Economy

    Singapore is considering expanding its online gambling offerings to stimulate the post-pandemic economy and generate new sources of revenue. Currently, online gambling is legal in Singapore only in a limited form, with platforms offering sports betting and the national lottery. The government is exploring options to expand this framework to include online casinos and poker.

    Supporters of the expansion argue that it could provide a significant economic boost, especially as Singapore seeks to diversify its sources of revenue after the pandemic’s impact on tourism and other industries. However, opponents are concerned about the potential for gambling addiction and social harm. The government has pledged to implement strict regulations, including mandatory player verification, spending limits, and self-exclusion options, to mitigate these risks.

    The decision on whether to expand the scope of online gambling will be made after extensive public consultation.