The Singapore Turf Club (STC) was founded in 1842 as the Singapore Sporting Club. It is the oldest existing and only horse racing club in Singapore.The first race was held on 23 February 1843 at Farrer Park when the prize money on offer was only $150. In 1924, the Club changed its name to the Singapore Turf Club in an effort to reflect its role as a horse racing club more accurately. The Club then moved to Bukit Timah in 1933 before relocating to its present location at the Singapore Racecourse at Kranji in 1999. It is now one of the premier racecourses in the world that not only provides world-class quality horse racing while maintaining the highest level of integrity in wagering, but also an efficient, effective and socially responsible organisation. It is also the agent and proprietary club of the Tote Board, which manages and directs its donation of surplus funds for charitable purposes in Singapore. Key features of the Singapore racing calendar include the S$1.35 million Longines Singapore Gold Cup and the $1.15 million Emirates Singapore Derby. Both races attract the best competitive local fields each year as they strive for top honours. Racing is staged at the Singapore Racecourse almost all-year round on Fridays and Sundays. On these days together with Wednesdays and Saturdays, horse races from Australia, France, Hong Kong, Macau, South Africa, South Korea and the UK are also shown “live” at the racecourse and off-course betting centres and outlets which are conveniently located in various parts of Singapore.
The Tote Board is reorganizing its operations with Singapore Pools taking over all management of horse betting from sister company the Singapore Turf Club from Jan. 7 next year.
Gaming revenue in Singapore is expected to remain at around US$4 billion in 2017 as the VIP segment continues to wane, said Fitch Ratings in a note on Tuesday. The rating firm noted that gaming revenues slumped slightly in 2016 despite a 12.5 percent gain in Chinese visitors in the first-half of the year. Chinese […]
The Philippines has been one of the best-performing casino markets in 2016, with revenue from the properties in Entertainment City up 20 percent in 3Q, though operators from Vietnam and Cambodia are also posting strong results, highlighting the potential of these markets. AGB will be hosting the inaugural ASEAN Gaming Summit in March 2017 to […]
Allowing Singapore’s two operators to offer online betting provides a regulated and safer platform for gamblers, said Tan Chuan-Jin, the Minister for Social and Family Development, local media reports. Mr Tan’s remarks came the day after Singapore’s National Council of Churches criticized the government’s easing of the ban, saying it is sending “confusing and conflicting […]
Singapore’s National Council of Churches has criticized the government’s decision to ease an online gambling ban, saying it is sending “confusing and conflicting signals.” The government last week said that incumbent operators, Singapore Pools and the Singapore Turf Club would be allowed to offer online gambling services to locals, though with strict provisions. The announcement […]
Singapore locals will soon have a legal means to bet online, after Singapore Pools and the Singapore Turf Club were given the go ahead to run online betting platforms. The operators have been exempted from the Remote Gambling Act by the Ministry of Home Affairs (MHA), which was first introduced in February 2015. However, as […]
Singapore’s Workers Party has expressed concern over the applications from Singapore Pools and Singapore Turf Club (STC) to launch online betting services, local media reports. Earlier this month, The Straits Times reported that both lottery operators have applied to be exempted from laws that block online betting, conducting final tests of their online betting platforms […]
Singapore punters may be able to legally place bets online as early as October, the Straits Times reports. According to the news outlet, Singapore-based lottery operators Singapore Pools and Singapore Turf Club (STC) have applied to be exempted from laws that block online betting, looking to launch their online betting service once the applications are […]
Lottery operator Singapore Pools is still waiting on approval to run its first online betting website with less than two weeks to the start of Euro 2016, The Straits Times reports. According to a spokesman from the Ministry of Home Affairs, the application from Singapore Pools for exemption from laws that curb online betting “is […]
Singapore’s Ministry of Home Affairs is reviewing applications from the The Singapore Turf Club and Singapore Pools that would allow them to offer remote gambling services for their existing products. The Ministry said it will evaluate the applications based on the “strict” criteria set out in Section 26 of the RGA that include whether the […]
Singapore gamblers spend close to $8 billion a year on horse racing, pools and other games, outstripping the combined earnings of the city state’s two casinos. Punters spent $7.89 on games run by Singapore Pools and Singapore Turf Club during the financial year ending March last year, while the combined gross gaming revenue for the […]
Singapore Turf Club, under new leadership, has embarked on a series of initiatives to help racing in the island state return to its glory days, with a focus on on-track product and attracting international talent. He's hoping to help the club better compete with regional giants such as Japan and Hong Kong.
More than 18 months after Singapore’s ban on online gambling took effect, the Ministry of Finance has finally given the nod to the two incumbent operators to offer internet gambling services to locals. Since the Remote Gambling Act came into force in February 2 last year, several hundred online gambling sites have been blocked, as well as bank accounts and credit card transactions linked to remote gambling payments. However, the new easing comes with significant restrictions.
Singapore Pools and the Singapore Turf Club are seeking to benefit from an exemption to the island state’s draconian ban on online gambling, with Pools already making plans to upgrade its systems despite the early stage of the approvals process.
The Asian-African Tote Association (AATA), which was established last year to foster relationships between global wagering operators, wrapped up its annual conference in Sydney Sept. 4th- 5th, with leading industry figures providing insight on topics including the potential of co-mingling and the challenges posed by illegal gambling. As wagering operators face mounting competition from other forms of gambling, they are also contending with an illegal market, offering cheaper products and worth potentially as much as $500 billion.
Singapore has made its position against online gambling clear, outlawing the practice through some of the most draconian legislation anywhere in the world. However, the law has left major grey areas, in particular when it comes to social gaming. The legislation, which came into force in February, included the unprecedented steps of allowing government agencies to geo-block websites, stop bank payments and even issue extradition orders to offshore parties.So what happened before February 2, prior to the law coming into effect, what has happened since and, more importantly, what do experts expect to happen next?