Two Singapore private betting companies, the Singapore Pools and Singapore Turf Club, have applied to the Ministry of Home Affairs (MHA) to be exempted from the latest government ban on online betting. According to their press release, the two gambling governement-owned monopolies in Singapore are registering themselves to open up the ease of gambling for the upcoming Euro 2016 Football Championship.
In February 2 this year, the Singapore Government placed a ban on online betting under the Remote Gambling Act, which renders all online betting websites illegal. Only Singapore Pools and Singapore Turf Club have applied for exemptions from the act for their existing gambling products like 4D, football, Toto and motor-racing bets.
Through the MHA, the Singapore Government ruled that those who applied for exemptions must be not-for-profit and must include “robust social guidelines” in their websites. However, according to the recent annual report of Singapore Totalisator Board which is owned by the Ministry of Finance, the government statutory board collected about S$8 billion in March 2014 and reported a S$623 million profit in 2013.
It is unsure if the two legalised gambling dens are endorsed only because they are backed by the government and not because of MHA’s requirements.