Singapore Pools
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.
 | |
| Type | State-owned company |
|---|---|
| Industry | Gambling |
| Founded | 23 May 1968 |
Area served | Singapore |
Key people | |
| Revenue |  S$6,247 million (2013)[1] |
 S$623 million (2013)[1] | |
| Owner | Government of Singapore |
| Parent | Tote Board |
| Website | www |
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 Tote Board, a statutory board under the Ministry of Finance.
Gambling operations
Lotteries
Singapore Pools currently operates three lottery games:
- TOTO - a 6 out of 49 lottery drawn on every Monday and Thursday/Friday
- 4D - a 'pick four' lottery drawn on every Wednesday, Saturday and Sunday
- Singapore Sweep - sweepstakes/raffle-style lottery drawn on the first Wednesday of every month
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
- "Singapore Totalisator Board - Annual Report 2012/2013" (PDF). Tote Board. Archived from the original (PDF) on 5 May 2014. Retrieved 6 May 2014.
- Singapore Pools, Corporate Profile
- "Singapore Pools to be issued Exemption Certificate for Remote Gambling Service". Singapore Pools Website. Retrieved 29 September 2016.