Singapore Pools – Celebrating 50 Years of Responsible Gaming
If you’re a fan of sports betting, the singapore pools online sportsbook is the best place to go. Not only does it offer the option to wager on in-play games, but users can also stream live events. This feature makes the site one of the most popular among sportsbook sites. In addition, the site offers various payment options for bettors to use.
The company was established on 23 May 1968, making it more than half a century old. It has been responsible for ensuring that profits from gambling are channelled back to society, instead of going into the pockets of illegal bookies. Besides, it has helped in combating gambling addiction by working closely with the authorities to educate people on responsible gaming.
In the 2019/20 financial year, Singapore Pools collected close to S$9bn from gambling activities. About 70% of this went to the winners, 22% was redirected to the Tote Board for community development, charity and other worthy causes, and 5% was used for operating costs. This is a substantial increase from the S$6.3bn collected in the previous fiscal year.
During the last 50 years, the company has worked hard to transform the turbulent and risky gambling scene that existed in the 1960s and 1970s. They have made it their mission to provide those who gamble with a safe and trusted environment, while ensuring that excess proceeds are not diverted to triads or illegal syndicates.
As the digitalisation of the gaming industry has skyrocketed, the company has been working hard to stay ahead of the game and ensure that they are not losing revenue to illegal operators or falling behind on compliance standards. To do this, they need to make sure that they are able to identify complex issues quickly.
The company recently migrated to OCI, a cloud-based platform that allows them to track performance and manage incidents quickly. This has led to the company being able to reduce operational downtime, improve data quality, and increase data security.
Moreover, the new system will help them to make informed decisions to ensure they are on top of their game and can continue to serve customers well. It will also allow them to scale as they grow. This is a significant step in their journey to becoming a world-class responsible gaming operator.
Achieved Level 4 certification of the World Lottery Association Responsible Gaming Framework, the highest level of certification in Dec. Launched iTOTO and Group TOTO, two new ways to share a bet, on 17 Nov.
Awarded the Company of Good – Three Hearts by National Volunteer & Philanthropy Centre for its commitment at the national level towards corporate social responsibility and contributing to five key impact areas.