Singapore online casino: The online casino business is big in Asia, clocking over $15 billion in 2019 alone. Statistics reveal that the Asian gambling market will witness up to 18% growth by 2026, which is an impressive figure, making it one of the fastest-growing sectors in the continent.
Amidst this booming explosion, Singapore ranks very highly among gambling lovers from all over the world. This is despite the fact that the nation only has two official brick-and-mortar casinos: Marina Bay Sands and Resorts World Sentosa.
However, the rise of online casino culture has made Singapore a hot spot for some of the best gaming names to open their doors to players. In addition, the top names in the gaming world do not hesitate to work with clients from this Garden City.
What makes Singapore such a great choice for online casinos and gamers from all over the world? Let’s find out.
Reasons why Singapore is a hub for online casinos
Singapore’s online casino ecosystem was not as vibrant until a few years ago. However, the legalization of online gambling in 2005 was a turning point for the gambling industry in the country.
Of course, online gambling in Singapore is still regulated by laws, especially after the introduction of the Remote Gambling Bill in 2014. However, the online casino is a bustling sector in Singapore and does not seem to be slowing down because of the following reasons:
The best Singapore online casino offers a multitude of games from all categories, and the players are spoilt for choice. These games are also from the top gaming studios in the world, which makes the gaming experience unrivaled and realistic.
In this regard, Rai88 online casino is a perfect example. This Singapore casino has several titles from the best names, including Evolution Gaming, Playtech, Pragmatic Play, Asia Gaming, and more.
Furthermore, this online casino has an impressive selection of games in its inventory. The top categories include virtual sports, slots, fishing, poker, and lottery. In addition, the live casino at Rai88 is a thriving sector with games such as baccarat and several classic casino games at your fingertips.
In addition, playing at online tournaments is also very easy and accessible in Singapore casinos. The instant access to all types of casino games, traditional or otherwise, is a huge reason why many players love to play at Singapore online casinos.
Online gambling is not entirely a legal activity in the Fine City; there are regulations about operating and playing. However, the government also recognizes certain online casino activities and websites that are authorized to operate and offer games to players.
This has a couple of benefits for players –
The biggest jackpot paid out to a man from Singapore was a staggering $9.7 million, which was paid out in 2019, and the winner got to pocket the whole amount.
Hitting the jackpot is one thing, but getting the whole amount in your account is quite another. Such instances of massive wins from online Singapore casinos are irresistible to players.
In order to avoid getting into these legal waters and risking your gambling credentials, choosing a credible and trustworthy site is paramount.
As mentioned, Singapore has stringent regulations for online gambling, and the casinos are no different. Although a lot of international casinos run their business in the country or accept players from the country, only the top casinos with a license from credible gaming authorities make the cut.
In addition, licensed casinos also have mandatory industry-level security. Security on an online platform is highly sought after since you need to protect your information. In addition, online casinos with top security are essential since players are constantly depositing and withdrawing from all over the world.
A secure online casino also provides better protection against hacks and other unscrupulous activities that are rampant in the gaming industry. For online players, licensing and security of the platform are critical requirements. So online gamblers flock to the online sites that are Singapore-player friendly.
Despite the strict anti-gambling laws, Singapore is very attractive to gamblers who are visiting the country. This is because the gambling laws are different for locals and international visitors.
In most online casinos in the country, tourists and visitors from outside can play the games free without making any deposits. This is an invitation and opportunity unique to Singapore, making it very attractive for players with a penchant for gambling.
Visitors can play for free on online and offline casinos without legal problems. Foreign visitors can also gamble and wager with money and play all types of games. However, you will need a valid FIN or Foreign Identification Number in order to wager at serious online games and tournaments. Other perquisites also need to be met if you are a foreigner and want to gamble while on a visit to Singapore.
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