In January 2019, Singapore Pools took over the management and
operations of horse betting from Singapore Turf Club including the betting outlets at the Kranji
racecourse and all its off-
course betting centres and remote horse betting
application service. With this move Singapore Pools became the sole operator for lottery and sports betting in Singapore.
Reports SINGAPORE - MARKET UPDATE
gaming and 15 per cent for mass gaming. Tis is set until the end of the current moratorium in February 2022.
After this date, the government will introduce a tiered casino tax structure with higher rates with a 10-year moratorium beginning in March 2022. Tis will involve:
PREMIUM GAMING REMOTE GAMBLING
● TIER ONE – up to S$2.4bn GGR – eight per cent (+3pp)
● TIER TWO – anything over S$2.4bn GGR - 12 per cent (+7pp)
MASS GAMING
● TIER ONE – up to S$3.1bn GGR – 18 per cent (+3pp)
● TIER TWO – anything over S$3.1bn GGR – 22 per cent (+7pp)
If the IR fails to meet their tax requirements a
Singapore’s first ever remote gambling law was introduced in 2014 via the Remote Gambling Act.
Tis legalised remote gambling but gave exclusivity at the time to Singapore Turf Club and Singapore Pools, which can provide online lotteries and sports betting. Online casino gaming is not permitted whilst most, if not all remote gambling websites, are blocked from access by Singapore residents.
Te Singapore Totalisator Board (reporting back to the Ministry of Finance) was established in
flat rate of 12 per cent will apply on the entire GGR from premium gaming and 22 per cent for mass gaming.
Marina Bay Sands and Resorts World Sentosa were both closed from April to June last year as part of the measures to curb the spread of the virus. Recovery is expected to be sluggish due to travel restrictions worldwide.
1988 and oversees the operations of the Singapore Turf Club and Singapore Pools which are the two main gambling operators in the country conducting horse racing and betting activities.
In January 2019, Singapore Pools took over the management and operations of horse betting from Singapore Turf Club including the betting outlets at the Kranji racecourse and all its off- course betting centres and remote horse betting application service. With this move Singapore Pools became the sole operator for lottery and sports betting in Singapore.
Today, Singapore Pools has 283 betting outlets, nine off-course betting centres and five Livewire outlets.
Funding is given to various arts, culture, sports, health and community services and in FY2019 the board approved a total of S$691m in grants.
Tose found guilty of using illegal remote gambling services face fines of up to S$5,000 and/or jail time of six months. Te offence of
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