How to Buy an Online Casino in Singapore
Singapore is considered one of the most significant gambling centres in the world. Despite the fact only two large casinos are located in the country, millions of tourists from around the world come here to try their luck every year. Representatives of online businesses are developing their activities in the state rather effectively too. Singaporeans are real gambling enthusiasts. Therefore, this country is incredibly interesting for many operators.
The Casino Market team studied the features of the gambling business in Singapore to help novice businessmen clarify the main issues regarding the launch of new projects in this state.
Gambling business in Singapore brings incredibly large amounts to the state treasury. Interestingly, gaming activities have been banned here for a long time. Since 1823, almost all types of gambling were allowed in the state. However, after three years, a ban on all gaming activities was imposed. It was partially lifted only in 2006. For many decades, representatives of the government, religious and social organizations, and supporters of the gaming business have debated about the change of Singapore gambling laws.
After the legalization of land-based casinos, this small country has turned into a real Mecca for gaming enthusiasts. Resorts World Sentosa and Marina Bay Sands are considered one of the most luxurious and prestigious establishments in the world.
Nevertheless, not all Singaporeans can afford to visit such luxury casinos. The government was focused primarily on tourists, having provided them with more loyal conditions. Locals who wish to try their luck started to pay attention to various virtual projects. Therefore, the decision to buy an online casino in Singapore can bring incredibly high profit to the operator.
Despite the fact that local authorities allowed foreigners to gamble in Singapore, local residents were subjected to strict control. The truth is that only a small number of Singaporeans can participate in gambling activities. While any tourist can visit gaming establishments free of charge, local residents will have to pay a $100 entrance fee (or a $2,000 payment for a year-long membership). Moreover, there are some other restrictions for gambling business in Singapore:
- The minimum age of gamblers is 21 years.
- Verification of player accounts is mandatory.
- It is forbidden to play gambling games and make bets using credit funds.
- Prohibition of promotions.
Local authorities have shared responsibilities for controlling the gambling industry among several departments (for example, Singapore Totalisator Board, Casino Regulatory Authority, Ministry of Social and Family Development, Ministry of Home Affairs, and others). Government officials believe that this approach will make the monitoring process more effective.
Until recently, Singapore gambling laws banned the organization of online activities in the state. Since 2013, many attempts have been made to legalize this market segment. However, all of them were inconclusive. Nevertheless, two local operators (Singapore Turf Club and Singapore Pools) managed to obtain licenses that allowed them to launch their virtual projects in 2016.
It is worth noting that these operators provide only the opportunity to make bets on sporting events and participate in lottery draws. There are no casino games or online slots on their websites. Moreover, the license cost was very high.
At the same time, local residents are using foreign gaming resources quite actively. If you want to buy an online casino in Singapore, the best solution for you is to launch a project registered in the territory of another state. This approach will help you avoid restrictions from the Singapore government and get the most favourable conditions for licensing your business.
Interestingly, the Singaporeans are considered quite active players. Consider these statistics:
- about a third of the country's Internet users take part in gaming activities at least once a year;
- both men and women play gambling games (58% — men, 42% — women);
- the average age of players is from 25 to 44 years.
The future of your business depends on the quality of gaming content. Many novices make lots of mistakes at the stage of the search for gambling software in Singapore. The fact is that inexperienced users turn their attention to cheap products very often.
Some unscrupulous sellers offer to buy low-quality programs at a low price. As a result, operators get a lot of problems associated with the correctness of the software functioning.
To avoid this situation, beware of too low prices. Remember, high-quality casino software in Singapore cannot be very cheap. If you want to save your money, look for trusted companies that can offer good loyalty programs for their regular customers.
The price of a product is not the only criterion that you need to rely on when searching for a decent software and reliable provider. The reputation of the manufacturer and intermediary plays an important role here.
Make sure that the company you are going to cooperate with has extensive experience of working in the gambling business. Learn more about the opinions of operators and users regarding the products of a particular brand. In addition, you should consider some other aspects that can affect the development of your business significantly.
|Prompt technical support||If you decided to buy a turnkey online casino in Singapore, you should make sure that your partner would provide you with round-the-clock technical support. Your financial success and the trust of your target audience depends on this aspect|
|Modern design||The design of your website should be attractive to your potential customers. At the same time, it should not be too overloaded with unnecessary information and animation. Moreover, keep these facts in mind when choosing casino software in Singapore. The games presented on your resource should look stylish and up-to-date|
|Relevant themes||Explore the Singapore market to find out which subjects you should pay attention to. Locals prefer classic casino games (blackjack, poker, baccarat, roulette), as well as different online slots|
|The use of the latest technologies||Surprise your audience with a high-quality and realistic image. Choose products created using HTML5 technology|
|Live content||This trend is becoming more and more relevant today. Live casino games will help players feel the atmosphere of a land-based establishment without leaving their own homes|
|User data protection||Fraudsters are looking for new ways to steal personal information and finances. A good provider should protect the data and money of your users very reliably|
If you want to open online betting in Singapore, be prepared for the fact that you will have to study many informational resources related to this question and spend a lot of time preparing documentation and resolving financial issues. The purchase of a turnkey online casino in Singapore from Casino Market is a much simpler solution in this situation.
This offer includes a website and high-quality gaming content development. Besides, you will receive full informational support regarding many legal and financial aspects, as well as some other related services.
Casino Market is a partner of the best world software producers (Amatic, NetEnt, Greentube, Novomatic, and others). This fact speaks for the high quality of our software. Many entrepreneurs who want to open a casino in Singapore choose us because of our impeccable reputation. Thousands of operators from around the world (including the Asian region) have been cooperating with us for many years.
Our team is ready to start working on existing projects. We will help you improve your website, increase its recognition, and attract more players.
Do you want to buy a turnkey online casino in Singapore, but have some doubts? Try free demo versions of our platforms. Launch your profitable business today!
Contact our manager to get detailed answers to all your questions.
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