Many stakeholders will be consulted in a streamlined regulation model in Singapore.
Singapore is revamping regulation in 2021, to keep up with plans announced in 2020.
The Original Restructuring Initiative
On April 3, 2020, Singapore Ministry of Home Affairs announced the reconstitution of the Casino Regulatory Authority (CRA) into the Gambling Regulatory Authority (GRA) by 2021.
Streamlining the Model
MHA clarified that the GRA mandate was expanded to consolidate and optimise Singapore s gambling regulation within a single agency.
Keeping Up with the Times
The MHA also at the time established a goal of amending all gambling legislation by 2021 to keep up with rapidly evolving gambling products and business models.