SINGAPORE (Nov 2): Singapore Pools has become the first operator to offer legalised online betting services in the city-state. Singapore Pools and Singapore Turf Club – both operated by the Singapore Totalisator Board, a statutory board under the Ministry of Finance –had applied to be exempt from the laws to curb online betting in July last year. Singapore Turf Club is expected to launch its online betting services for horse racing later this month. Yet, Singapore Pools’ much-discussed online betting services have been launched noticeably without fanfare – despite it having sunk millions of dollars into it. Online gambling in Singapore might have started without fanfare, but it certainly isn’t going away quietly.

Source: The Edge Markets November 02, 2016 13:38 UTC