new gaming regulator<\/a><\/em><\/strong>, The Gambling Regulatory Authority (GRA), in 2021 to replace the CRA. <\/p>\n\n\n\nThe change is due to recent trends in the local market that deepened with the pandemic, including the popularisation of esports, increased accessibility to gambling products through the internet and mobile devices, and a change in customer preferences resulting in a convergence between gambling and gaming with gambling elements, such as loot boxes.<\/p>\n\n\n\n
How said: “Having comprehensive transformation plans alone is not sufficient. To ensure a successful transformation to GRA, it is also essential that our officers have a strong transformative mindset, where they possess the drive and will to try out new ways of doing things even when the existing ways are working well.\u201d <\/p>\n","protected":false},"excerpt":{"rendered":"
Numbers have fallen for the first 12 months since entry levies were increased by the Casino Regulatory Authority. <\/p>\n","protected":false},"author":2,"featured_media":11433,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Singapore's increased casino entry levies have led to a significant decline in local visitation, with the Casino Regulatory Authority (CRA) reporting effective social safeguards despite issuing fines for compliance failures. The nation is preparing to establish the Gambling Regulatory Authority (GRA) in 2021 to address evolving market trends, including online gambling, esports, and the convergence of gaming verticals.","focusai_entities":"Casino Regulatory Authority (CRA), Las Vegas Sands, Genting Singapore, Tan Tee How, Marina Bay Sands, The Gambling Regulatory Authority (GRA)","focusai_location":"Singapore","focusai_target_profile":"ceo_executive (1.0), regulator (1.0), compliance_legal (1.0), operator_casino (1.0), tech_data (0.7), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"GRA Licensing Frameworks?","query":"How will the GRA's expanded mandate for online and esports gambling impact B2B\/B2C licensing frameworks and market entry for new operators in Singapore?"},{"label":"Governance for Converged Gaming?","query":"What specific governance frameworks and technological requirements will the GRA implement to monitor and regulate the convergence of gambling and gaming elements, such as loot boxes, within its jurisdiction?"}],"footnotes":""},"categories":[28,158,16333],"tags":[169],"class_list":["post-11431","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino-news","category-slider-home","category-south-east-asia-news","tag-singapore"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/11431","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=11431"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/11431\/revisions"}],"predecessor-version":[{"id":21633,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/11431\/revisions\/21633"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/11433"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=11431"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=11431"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=11431"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}