Singapore Pools

Singapore Pools
State-owned company
Industry Gambling
Founded Singapore (May 23, 1968 (1968-05-23))
Area served
 Singapore
Key people
Revenue Decrease S$6,247 million (2013)[1]
Increase S$623 million (2013)[1]
Owner Government of Singapore
Parent Tote Board
Website www.singaporepools.com.sg

Singapore Pools (Private) Limited is a state-owned lottery subsidiary company in Singapore. As a wholly owned subsidiary of the Tote Board, it is the only operator that is legally allowed to run lotteries in Singapore.

History

Singapore Pools was incorporated on 23 May 1968 to curb illegal gambling in Singapore. It provided Singaporeans with a legal avenue to bet on lotteries, countering the rampant illegal betting syndicates that were present.[2]

Since 1 May 2004, Singapore Pools is owned by Singapore Totalisator Board, a statutory board under the Ministry of Finance.

Gambling operations

Lotteries

Singapore Pools currently operates three lottery games:

Sports betting

In addition, Singapore Pools is the sole legal bookmaker and totalisator for association football and motor racing betting.

Remote Gambling

On 29 September 2016, the Ministry of Home Affairs announced that Singapore Pools would be granted an exemption under the Remote Gambling Act 2014, allowing it to offer online and telephone gambling for 4D and TOTO lotteries, football and motor-racing.[3]

References

  1. 1 2 "Singapore Totalisator Board - Annual Report 2012/2013" (PDF). Tote Board. Retrieved 6 May 2014.
  2. ↑ Singapore Pools, Corporate Profile
  3. ↑ "Singapore Pools to be issued Exemption Certificate for Remote Gambling Service". Singapore Pools Website. Retrieved 29 September 2016.


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