The gambling revolution is slowly but surely making its way to Singapore, and many people are excited about it. Some analysts believe the gambling revolution could hit Singapore as early as 2020. Why? Because the country has been working hard to legalize and regulate gambling industries, which is something that other countries are starting to do as well. In addition, the country has a large population interested in gaming and casino activities. So what does this mean for Singapore? Well, it means that the gambling industry will be very lucrative for the country. Not only will taxes be raised on casino operators and gamblers, but new jobs will also be created in the sector. Analysts say that by 2020, there could be as many as 120,000 new jobs in the gambling industry in Singapore alone. This is huge news for the country since the current high unemployment rates. So if the gambling revolution hits Singapore, as analysts predict, it could bring much-needed relief to many people who are struggling economically.
Background of Online Gambling in Singapore
In recent years, the landscape of gambling has changed markedly.\) Gambling is no longer limited to land-based casinos or isolated poker rooms – it’s now available at your fingertips through various digital platforms. And one country that has taken full advantage of this phenomenon in Singapore. Here’s a look at how online gambling became popular in Singapore and what could happen next.
The Growth of Online Gambling in Singapore
It’s no secret that Singapore is a forward-thinking nation regarding technology and innovation. This was evident in 2013 when the country became the first in Southeast Asia to launch a mobile app for Singapore online gambling. From then on out, things just kept improving for the island nation – especially regarding online gambling. In 2017, for example, the number of registered players in online casinos in Singapore reached 1 million. This represented a 136% increase from the previous year, showing just how popular this type of gaming had become among residents here. More importantly, though, this uptick also indicated that regulators were finally getting on board with online gambling as a legitimate industry – which was long overdue given its growing popularity across the globe. As a result, the current state of Singapore online gambling is booming, with many people turning to the internet as their go-to source for betting. In fact, according to a study by global market research firm Euromonitor International, the country is now the fifth-largest market for online gaming in the world.
There are several reasons why the gambling scene in Singapore is so popular. For one, the country has some of the most relaxed regulations regarding online gambling. For example, there are no mandatory age restrictions or limitations on how much you can wager. You can also play without having to leave your home. Additionally, several reputable operators are in the country, meaning you’re guaranteed a high level of service and customer satisfaction.