Online gambling has launched in Singapore as state-owned lottery firm Singapore Pools has gone live with an online site.
According to Yahoo! Finance news service, the lottery firm’s service began operations with online versions of the 4D and Toto games and sports betting.
“Many who like our lottery and sports-betting games play for just a little flutter or social recreation,” read a statement from Singapore Pools. “However, we recognize 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.”
Horseracing operator Singapore Turf Club has also received the exemption and is expected to launch an online gambling service via its ITote platform this month.
Under the exemptions, Singapore’s government will conduct routine audits as well as physical inspections to ensure the domains are providing sufficient player safeguards including gambling limits. Players cannot use credit to play the sites.
