Singapore legislation
Regulation 5
Regulation 5
Permitted credit transactions
Subregulation 1
For the purposes of section 108(1) of the Act, a casino operator may carry out the following transactions with a patron, if and only if the patron is a person referred to in section 108(7)(a) or (b) of the Act:
accept payment for chips by charging to the patron’s credit card;
provide a cheque-cashing facility to the patron;
allow to be credited to the patron’s deposit account the amount of a cheque payable to the casino operator before the cheque has been deposited with and cleared by an authorised bank;
where the patron is a person referred to in section 108(7)(a) of the Act, grant an amount on credit to the patron which is to be credited to the patron’s deposit account for the purpose of qualifying him as a premium player of its casino.
Subregulation 2
For the purposes of section 108(1) of the Act, a licensed international market agent may grant an amount on credit to a person referred to in section 108(7)(a) of the Act which is to be credited to the person’s deposit account with a casino operator for the purpose of qualifying him as a premium player of its casino.