Reports SINGAPORE - MARKET UPDATE
facilitating the participation of others in remote gambling or anyone providing unlawful remote gambling services carries a jail term of up to five years and/or fines of between S$20,000 and S$200,000.
Singapore Pools was created in 1968 when it launched TOTO and became an agent of the Tote Board in 2004 and offers the products: 4D, Toto, Singapore Sweep, sports betting and horse betting via its wholly owned subsidiary Singapore Pools Ltd.
It introduced live sports betting via its Livewire sportsbook venues which include the two casinos featuring multiple screens, large LCS and projection screens. Age limit is 21 years. Visitors can also watch live telecasts of lottery draws and certain horse races.
A numbered wristband is issued by the venue which is mandatory for all live horse racing telecast and live football betting on Saturdays, Sundays and selected matches.
Singapore Turf Club was founded back in 1842 and became an agent of the Tote Board in 1988 and relocated to its current premises at Kranji racecourse in 1999. Since January 2019 it continues to manage and operate horse racing. It is the oldest existing and only horse racing club in Singapore.
Singapore Pools resumed its online sports betting and online horse wagering in mid-June 2020 after the Covid circuit breaker measures halted play.
Singapore Turf Club was founded back in 1842 and became an agent of the Tote Board in 1988 and relocated to its current premises at Kranji racecourse in 1999. Since January 2019 it continues to manage and operate horse racing. It is the oldest existing and only horse racing club in Singapore.
Te turf club is part of the Malayan Racing Association which is made up of four turf clubs – Penang, Perak and Selangor (in Malaysia) and Singapore Turf Club.
Originally the MRA was known as the Straits Racing Association (SRA) which was formed in 1896 to regulate horse racing in Singapore and Malaysia and oversee the interests of these four clubs. It was renamed MRA in 1961.
Turnover for the lotteries, sports betting and totalisator sector in 2020 amounted to S$8.89bn in total. After prizes and betting tax total income was S$744.8m. In 2019 this amount was S$9.15bn, with an income of S$810.3m.
P64 WIRE / PULSE / INSIGHT / REPORTS
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