Singapore’s state-run lottery and sports betting monopoly is adding horseracing to its offering, taking over from the local race betting monopoly.
On Monday, the Singapore Turf Club announced that Singapore Pools would be taking over its horse betting operations with effect from January 7, 2019. The Tote Board, which operates both betting portals, said the move was intended to “achieve synergies and improve cost efficiencies.”
Singapore Pools will assume control of the betting windows at the Singapore Racecourse, as well as its off track betting outlets and the iTote remote wagering operation. The iTote app will remain separate from Singapore Pools’ mobile app and the Tote Board assured customers that there will be no changes to customers’ ability to access all existing race betting channels.
Singapore Pools CEO Seah Chin Siong said the consolidation of betting activities would help maintain “the highest level of rigor and accountability in social safeguards and responsible gaming measures.”