• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Saturday 28 January 2023
    • 中文
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • Vietnam
  • Events
  • Consulting
  • Contributors
  • SUBSCRIBE FREE
  • 中文
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • Vietnam
  • Events
  • Consulting
  • Contributors
  • SUBSCRIBE FREE
  • 中文
No Result
View All Result
IAG
No Result
View All Result

Editorial: In search of the gold standard

Ben Blaschke by Ben Blaschke
Fri 28 Jan 2022 at 14:14
Editorial: In search of the gold standard
17
SHARES
434
VIEWS
Print Friendly, PDF & Email

The contrasting approaches to gambling regulation being taken by authorities in Singapore and Australia this year highlight just how challenging it can be to establish a model suitable for each unique jurisdiction.

In Singapore, the process is now well underway to merge the current Casino Regulatory Authority (CRA), which oversees Singapore’s two casinos, and the Gambling Regulatory Unit, which regulates remote gambling services and “fruit machines”, into a single body to be known as the Gambling Regulatory Authority (GRA). The reason, according to the Ministry of Home Affairs, is the emergence of new technological and global trends that are better served by bringing regulatory resources together.

The new GRA “will consolidate and optimize gambling regulatory resources within a single agency,” the Ministry said when first announcing its plans in 2020.

This is in stark contrast to developments in Australia where state governments in both Victoria and NSW are de-coupling the regulation of gaming and liquor into separate bodies. The response is in both cases due to the fallout of recent inquiries into Crown Resorts which found the current regulatory model was drawing much-needed resources away from casino oversight.

As such, Victoria announced late last year that a new dedicated casino and gambling regulator, the Victorian Gambling and Casino Control Commission (VGCCC), will take over regulation of gaming from the Victorian Commission for Gambling and Liquor Regulation (VCGLR). The new regulator will include a dedicated casino regulation division focused solely on Crown Melbourne.

Likewise, the NSW Independent Liquor & Gaming Authority (ILGA) will soon be replaced by a standalone casino regulator with the state’s Minister for Digital and Customer Service, Victor Dominello, stating last year that there was need for a “redesigned regulatory structure for casinos in NSW, with a clearer focus on addressing money laundering risks inherently associated with casino activities.”

The “streamlining” of regulatory resources is typically a cost-saving exercise. There is no gold standard regulatory model but the public sector trend in many jurisdictions has been to consolidate, and in places like Australia, where gambling is still a dirty word (despite the billions in tax revenue governments rake in each year), its regulation has been given extremely low priority. Out of sight, out of mind – at least until the Crown Resorts affair blew that idea out of the water.

Which is not to say that consolidation can’t work. With strong leadership and a clear mission statement on what and how a regulatory model will succeed, jurisdictions like Singapore – widely viewed as a classic example of how casino resorts can positively transform a city – are well placed to make such streamlining work. Time will tell if it can avoid the pitfalls experienced by others.

Ben Blaschke
Managing Editor

We crave your feedback, please email your comments to [email protected].

RelatedPosts

Editorial: Want to attract foreigners? Make Macau the poker capital of Asia

Editorial: Want to attract foreigners? Make Macau the poker capital of Asia

Wed 4 Jan 2023 at 11:39
Singapore swing

Singapore swing

Wed 4 Jan 2023 at 11:32
Flying high

Flying high

Wed 4 Jan 2023 at 11:25
Coming together

Coming together

Wed 4 Jan 2023 at 11:21
Load More
Tags: Current Issue
Share7Share1
Ben Blaschke

Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

Current Issue

Editorial: Want to attract foreigners? Make Macau the poker capital of Asia

Editorial: Want to attract foreigners? Make Macau the poker capital of Asia

by Ben Blaschke
Wed 4 Jan 2023 at 11:39

In what has become a point of widespread debate, the Macau SAR Government has called on its gaming concessionaires to...

Singapore swing

Singapore swing

by Ben Blaschke
Wed 4 Jan 2023 at 11:32

Having previously established itself as the gold standard in the operation and regulation of integrated resorts in Asia following the...

Flying high

Flying high

by Ben Blaschke
Wed 4 Jan 2023 at 11:25

Having endured a hectic three years at Marina Bay Sands which saw him promoted to Chief Operating Officer while dealing...

Coming together

Coming together

by Newsdesk
Wed 4 Jan 2023 at 11:21

On 1 August 2022, Singapore officially inaugurated a new gambling regulator, the Gambling Regulatory Authority (GRA), replacing the former Casino...

Softswiss
Evolution Asia
Aristocrat
Solaire
Solaire
Beter
Beter
IGT

Related Posts

Editorial: Want to attract foreigners? Make Macau the poker capital of Asia

Editorial: Want to attract foreigners? Make Macau the poker capital of Asia

by Ben Blaschke
Wed 4 Jan 2023 at 11:39

In what has become a point of widespread debate, the Macau SAR Government has called on its gaming concessionaires to significantly increase foreign visitation – that being tourists from outside mainland China, Hong Kong or Taiwan. Achieving such a goal...

Business judgement

Business judgement

by David Green
Wed 4 Jan 2023 at 11:14

A civil lawsuit launched against 11 former and current directors of Australia’s Star Entertainment Group will highlight the challenges directors can face in appropriately aligning their “business judgement”. Last month’s announcement that the Australian corporate regulator, ASIC, has initiated civil...

Editorial: An uncertain future

Editorial: An uncertain future

by Ben Blaschke
Thu 8 Dec 2022 at 22:35

As I sit in my home office penning this editorial, it is now more than three years since I last set foot in Macau, and for all I know it could be another three before I return, pending the status...

Editorial: Running up that hill

Editorial: Running up that hill

by Ben Blaschke
Mon 14 Nov 2022 at 03:19

As sure as death and taxes, the IAG team begins the process of selecting our Asian Gaming Power 50 list each year knowing full well we’re going to be asked for information or favors from some of our P50 candidates.


IAG

© 2005-2023
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE

No Result
View All Result
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Consulting
  • Magazines
  • Advertise
  • Contact
  • About

© 2005-2023
Inside Asian Gaming.
All rights reserved.