With effect from 7 Jan 2019, Tote Board Group will consolidate horse betting operations under Singapore Pools.
Singapore, 29 Oct 2018 – With effect from 7 Jan 2019, Singapore Pools, a wholly-owned subsidiary of Tote Board, will take over the management and operations of horse betting from Singapore Turf Club, which is also owned by Tote Board. This change will include Singapore Pools taking over the betting outlets at the Singapore Racecourse in Kranji and all Off-Course Betting centres. Singapore Pools will also take over iTote, the remote horse betting application service.
The consolidation of betting operations is part of a regular review of business operations in Tote Board Group, to achieve synergies and improve cost efficiencies.
Existing customers of Singapore Turf Club and Singapore Pools will not be affected. There will be no changes with regards to customers' access to horse race betting channels via retail and remote platforms.
Singapore Turf Club will focus on its core competency in managing and providing high quality horseracing.
Mr Seah Chin Siong, Chief Executive Officer of Singapore Pools said "The highest level of rigor and accountability in social safeguards and responsible gaming measures will be maintained with the consolidation of betting activities." Singapore Pools currently holds the highest level of recognition in the World Lottery Association's responsible gaming framework, for achieving stringent responsible gaming standards meted out by the international lottery industry.
The surpluses from the gaming operations of the Tote Board Group are channelled back to the community through Tote Board's grantmaking programmes, in line with Tote Board's mission to Uplift the Community by Giving Hope to the vulnerable groups and Improving Lives of all in Singapore.
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About Tote Board
Established in 1988, Tote Board (Singapore Totalisator Board) is a statutory board of the Ministry of Finance. As a broad-based grantmaking organisation, Tote Board works closely with stakeholders and partners, to support broad and diverse worthy projects in the sectors of Arts, Community Development, Education, Health, Social Service and Sports. Through these projects, Tote Board helps to uplift the community by giving hope to vulnerable groups and improving the lives of all in Singapore.
Tote Board's grants are derived from surpluses from the gaming businesses Singapore Pools (Private) Limited (a subsidiary company of Tote Board) and Singapore Turf Club (a proprietary club of Tote Board), as well as the collection of casino entry levies. Tote Board also ensures that Singapore Pools and Singapore Turf Club conduct their businesses in a socially responsible manner, so as to provide a safe and trusted avenue for gaming and to counter illegal gambling.
Tote Board's goal is to help build a flourishing society in Singapore. We want to inspire positive change and contribute towards building an inclusive, resilient and vibrant community, while fostering a caring and compassionate nation.
About Singapore Pools
The government established Singapore Pools on 23 May 1968 to provide safe and trusted betting to counter illegal gambling. As a not-for-profit organisation, all of Singapore Pools' surplus is channelled to Tote Board to fund a wide range of causes in social service, community development, sports, the arts, education and health sectors. Currently, Singapore Pools contributes about $2 billion annually to the Government in the form of taxes and duties, and for the funding of good causes.
To ensure our responsible gaming practices are benchmarked to international standards, we adopt the World Lottery Association's Responsible Gaming Framework and received the highest level of certification (Level 4) in 2012 and gained re-certification in 2015.
About Singapore Turf Club
Founded in 1842,
Singapore Turf Club (STC) is the oldest existing and only horse racing club in
Singapore with world-class racing sports facilities.
With over 175 years of
horse racing history, STC today provides the public with quality horse racing
sports entertainment at the Singapore Racecourse at Kranji on most Friday
evenings and Sunday afternoons throughout the year. In addition, the Club
regularly opens its Racecourse premises and organise wide-ranging recreational
activities for public visitors, including Singaporeans and
tourists, to enjoy. It also operates the Singapore Turf Club Riding
Centre, a 3-hectare site next to the Singapore Racecourse, with world-class
The Club adopts a
strong “Play Responsibly” stance. Through regular engagements with its
customers, STC advocates a balanced approach towards enjoying the sport and
thrills of horse racing as an entertainment and sport, without adversely
affecting customers’ financial situations or lifestyles.
STC is a proprietary
club of Tote Board, a Statutory Board under the Ministry of Finance. Singapore
Turf Club channels the surplus from its operations to Tote Board to give grants
to worthy causes.