Singapore Pools to take over horse-betting operations from Turf Club
From 7 January next year, Singapore Pools will take over horse-betting operations from the Singapore Turf Club.
The change was announced in a media statement on Monday (29 October) by the Tote Board Group, which owns both the entities.
It added that Singapore Pools will be taking over the betting outlets at the Kranji Racecourse, all off-course betting centres, as well as iTote, the remote horse betting application service.
The iTote app will continue to run separately from the Singapore Pools mobile app, which allows users to place lottery and sports bets electronically.
Achieving synergies
The move comes as part of the Tote Board Group’s regular review of its business operations and aims 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,” according to the statement.
Turf Club to focus on horse racing
With this change, the Turf Club – which was founded in 1842 – will now focus on providing high-quality horse-racing activities. Meanwhile, Singapore Pools will become the sole legal operator for lottery and sports betting in Singapore.
Seah Chin Siong, Singapore Pools’ chief executive officer, said, “The highest level of rigour and accountability in social safeguards and responsible gaming measures will be maintained with the consolidation of betting activities.”
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