Opening a Casino in Singapore

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Opening a Casino in Singapore A presentation brought to you by OpenCompanySingapore.com 1

Transcript of Opening a Casino in Singapore

Page 1: Opening a Casino in Singapore

Opening a Casino in Singapore

A presentation brought to you by OpenCompanySingapore.com

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Page 2: Opening a Casino in Singapore

Casino Regulatory Authority in Singapore >>

• The Casino Regulatory Authority (CRA) is a statutory board enabled by the Government in order to ensure the correct operation of casino operators in Singapore.

• The CRA also ensures that Singapore companies conducting gaming activities are compliant with the Casino Control Act which is the main regulatory framework regulating the setup of casinos in Singapore. 

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>> Casino Regulatory Authority in Singapore

• The CRA established a set of regulations operators registering casinos in Singapore must follow.

• Among these regulations are:

how to apply for a casino license in Singapore;

advertising issues;

the gaming equipment to be used in casinos;

licensing of special employees in Singapore casinos;

responsible gambling rules.

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Requirements to Start a Casino Company

• Depending on the type of structure chosen, a Singapore casino must have at least one shareholder, one director and a resident secretary.

• Then, it must apply for the relevant licenses with the CRA in order to be able to start operating.

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Applying for a Casino License in Singapore >>

• The Casino Control Act provisions the Casino License and Fees Regulations of 2009 for Singapore companies applying for a casino license.

• In order to obtain the license, the operator must file an application with the Casino Regulatory Authority.

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>> Applying for a Casino License in Singapore

• The following documents and fees must be filed in order to obtain a casino license in Singapore:

the appropriate application fee;

corporate and individual information about the operator issued by the Singapore Accounting and Corporate Regulatory Authority;

other required documents by the CRA.

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The Employees of Singapore Casinos >>

• Apart from the licensing requirements Singapore casino operators are also required to hire special personnel.

• Among its employees, a casino must have an individual managing the Singapore company who will also be authorized to make decisions with respect to the operations of the gambling facility.

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>> The Employees of Singapore Casinos• The Casino Control Act provides for 4

categories of special employees:

category A for senior managerial positions such as the Chief Executive Officer and Chief Financial Officer;

category B for other middle-management positions such as pit, slot or audit managers;

category C1 for dealers, cashiers and slot attendants;

category C2 for technical support for the gaming equipment and surveillance.

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Assistance in Opening a Casino Company

• Our agents in Singapore may guide you through the casino registration procedure.

• You can also contact us if you need help with the application for one of the casino licenses available. 

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Thank you for your attention!

For more information, please contact us at:

+ 852 8191 [email protected]

www.opencompanysingapore.com

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