Singapore Pools launches country’s first online betting service

Singapore’s state-owned lottery company Singapore Pools has become the first operator to launch an online betting service in the country.

Consumers in Singapore will now be able to place bets on sports such as football and Formula 1 motor racing, as well as lottery services including 4D and Toto.

However, regulations will prevent Singapore Pools from offering casino games, such as poker and blackjack.

Customers will need to be aged 21 or over to access services and visit a physical outlet for identity verification.

“Many who like our lottery and sports betting games play for just a little flutter or social recreation,” Singapore Pools said on its website.

“However, we recognise there may be a minority who may play beyond their means; as such, we have safeguards in place to help create a responsible gaming environment for all.

“We design and communicate our products in a manner that will not promote excessive and irresponsible play.

“We have low minimum bet amounts and offer a conservative range of sports bets.”

Related article: Genting Singapore cuts net losses