For decades, Singapore Pools has worked to counter illegal gambling and channel funds into making a difference in the community.
As a company that believes firmly in doing good and building strong communities, we have been channeling over $2 million in taxes and duties and funding to Tote Board since 2010. Moreover, we have been steadfastly supporting charities and community initiatives with a contribution of approximately $5 million in recent years. This is a testament to Singapore Pools' long-standing commitment in support of good and worthwhile causes.
When customers engage with Singapore Pools, every dollar spent allocates 27 cents to the Singapore government through taxes, duties, and Tote Board funding. A substantial 70 cents is directed towards our customers as prize money, while our operating expenses are efficiently kept at a mere 3% of our revenue.
Singapore Pools is a company that places the community at the heart of what we do. Our staff community programme is the best example of this. The programme helps to inculcate a spirit of volunteerism in our staff, to empower and connect communities through their skills, talents and time. Established in 2003, at a time when corporate social responsibility was still in its nascent stages, this programme has seen our employees come together to volunteer and raise funds for noble causes. Our engagement with the community is built on three pillars:
Going an extra mile, our staff volunteer dedicated their time and resources in support of numerous worthy causes. Since 2003, our staff volunteers have helped disadvantaged children, bring cheer to frail and needy elderly persons, conserve the environment and organize meaningful fund-raising activities.
We avail our retail network, draw expertise and facilities to non-profit organisations and community partners who have a need. Some of these initiatives include the community housing scheme, venue sponsorship scheme, sale of charity draw tickets at our outlets, and the provision of draw expertise to charitable organisations.
We invite the public and private sectors to partner us in innovative projects for the benefit of the community. We believe in joining hands with like-minded partners to make a difference in the lives of Singaporeans and to strive towards achieving position outcomes for the community.
