Singaporean Casino and Card Room Gaming
The government encouraged the idea of "integrated resorts" where the gaming component occupies only 3% to 5% of the total area, with the rest of the development dedicated to leisure and entertainment. Ultimately, Las Vegas Sands and Genting International were chosen to develop Singapore's casino resorts. Wall Street gaming analysts speculated the gaming properties could generate in excess of USD 1.5 billion in annual revenues. These developments were the Marina Bay Sands and Resorts World Sentosa. The developers invested over USD 5 billion to build these properties. Both properties opened in spring 2010.
The CRA was established in April 2008 under the Casino Control Act as a statutory board. The objectives of the CRA are to administer systems for the licensing, supervision, and control of casinos. Its purpose is to ensure that the management and operation of casinos are free from criminal influence or exploitation and that gaming is conducted in an honest fashion.
In November 2012, the Casino Control Act was amended to create stricter penalties for casino operators for situations where they fail to comply with the law. Serious breaches of regulations can result in a fine of up to 10% of a casino's gross revenue for a fiscal year.
Operators are now required to have an approved responsible gambling program in place.
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