- Problem Gambling Rates Singapore Today
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The pathological and problem gambling rate among Singaporeans and permanent residents was 0.9 per cent in the 2017 survey by the National Council on Problem Gambling. It inched up from 0.7 per cent. The probable problem and pathological gambling rate has decreased to 0.9 per cent in 2017 from 2.6 per cent when the IRs first opened, according to the National Council on Problem Gambling (NCPG).
- A recent study from Singapore conducted on adults aged 55 years and above using the Canadian problem gambling index (CPGI) (Ferris and Wynne, 2001), reported a lifetime gambling participation rate of 56.2%. Among those who had lifetime gambling, 69.7% had gambled in the past 12 months and 2.2% met the criteria for problem gambling.
- Among the observations made in the report by CRA chairman Tan Tee How was that the April 2019 increases in the daily and annual entry levies for local residents wishing to gamble at either of the.
When thinking about poverty, Singapore is usually not the first country that comes to mind. However, the country faces many issues that continue to make poverty an increasing problem in the country.
10 Facts About Poverty in Singapore
- Poverty in Singapore suffers from a lack of visibility
Singapore is one of the wealthiest and most well-developed countries in the world, and this is often the side that is seen and thought of. This makes Singapore’s poverty difficult to see for anyone not living in the country. - Singapore has a large inequality gap
Singapore has the most millionaires in the world, but also has one of the largest inequality gaps in advanced Asian countries, placing second on the list. - 10 to 14 percent of Singaporeans face severe poverty
Ten to 14 percent of Singaporeans struggle with severe financial issues. These Singaporeans have difficulty affording their basic needs, with hunger being one of the largest factors. - Poverty is an increasing problem in Singapore
Poverty in Singapore is growing worse with each year. From 2012 to 2015, impoverished families relying on government assistance increased by approximately 43 percent. - Poverty is an issue for the elderly
Elderly Singaporeans are the group most affected by poverty. In the same timeframe of 2012 to 2015, the number of impoverished people over 60 years of age relying on government assistance increased by approximately 74 percent. This is mainly attributed to government restrictions on withdrawing retirement funds. - Poverty is also an issue for the young
Singaporeans between the ages of 15 and 34 years of age are the second most affected group. This is mainly caused by low-paying entry-level jobs and a lack of minimum wage laws. In addition, many young Singaporeans struggle to find a job at all, with approximately 5 percent being unemployed. - Many people are trapped in poverty
Singaporeans born into poverty, especially those from more recent generations, are more likely to stay in poverty even as adults. Those born into more financially well-off families tend to have more success. - Government assistance is not enough
The government provides financial aid to any family making less than $1,900 a month. The government also provides aid in other forms such as making education more affordable, tax exemptions for impoverished families and more affordable housing. Yet, impoverished families continue to struggle, and assistance does not seem to be alleviating the growing issue of poverty in the country. - As poverty grows, so does the popularity of the ruling party
Although the issue of poverty in Singapore is worsening at a steady rate, the ruling party in the country is growing in popularity and continuing to win general elections. Many believe that the current party is not doing enough to address the issue. - Singapore receives little foreign aid
Foreign aid for Singapore has dropped significantly since the mid-1990s, and it receives only miniscule amounts from countries like the U.S. compared to what others are receiving. Even then, the majority of foreign aid that goes to Singapore does not focus directly on poverty issues, and instead on the country’s trade and economy. This lack of aid may be partially due to how hidden much of the poverty in Singapore seems to be.
Problem Gambling Rates Singapore Today
Although a growing problem, poverty in Singapore remains in the background of the country’s financial successes and development. Because the issue often goes unnoticed by other countries, little aid is being provided, allowing poverty to grow and spread, affecting a variety of Singaporeans in many ways.
– Keegan Struble
Photo: Google
Experts have revealed that the legal gambling market in Singapore has been increasing over the last few years. The same applies to gambling addiction, with it becoming one of the most serious problems in the country’s gambling industry.
At the same time, local casinos plan an expansion in spite of the higher taxes imposed by the Singaporean Government on gambling revenue. Both Resorts World Sentosa and Marina Bay Sands confirmed that they will continue their expansion regardless of the country’s decision to boost gambling revenue taxes. Only about a week ago, the Government further revealed that it plans to boost casino entry levels by 50%.
The expansion of the two above-mentioned operators would include the addition of a 2,000-square-meter lot, where companies would be able to place at least 1,000 gaming machines, including table games, slots and poker rooms. This expansion will give both Marina Bay Sands of Las Vegas Sands and Resorts World Sentosa of Genting Singapore an exclusivity period until 2030 to provide their gambling services in the country, a decision set to ensure business stability.
According to financial reports, both companies have originally placed large investments in the local gambling industry, which have now been backed by some additional multi-billion-dollar investments in infrastructure and tourism projects.
Gambling Taxes Increase to Be Introduced as Early as 2022
The increase in gambling taxes is set to be introduced as early as 2022. It is expected to mainly hit revenues generated by high-rollers in land-based casinos, as it would increase from 5% to 8% on first SG$2.4 billion. According to the Government’s official report, a 12% tax is to be imposed on all additional revenues, with no further gambling tax increase set to be made for the next ten years at least.
Problem Gambling Rates Singapore Promotion
Anti-gambling campaigners who have been worried about the rapid increase of the gambling sector and the constantly rising problem gambling rates have called for some restrictions to be made in the industry. However, some experts claim that banning casino and imposing further restrictions on people to suspend them from gambling could not have the desired effect and in the end, could only fuel the growth of illegal gambling and gambling tourism.
Of course, it is entirely up to the Singaporean Government to decide whether to stop the growth of so-called integrated resorts (IRs), but the truth is that the authorities are not able to refuse local residents their right to gamble, so it would happen elsewhere, if not in Singapore.
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In addition, many Singapore players are actually aware of the possible negative consequences which gambling could have on their lives but they seem to could not care less about that, or just the wish to win back some money is stronger. Also, considering the fact that the World Health Organization classified gambling addiction as a mental health issue, the influence which casinos have on gamblers is controversial. It is also hard to project whether a possible crackdown set to stop the current growth of IRs would be enough to keep the dangers associated with compulsive gambling away.