OpenBet has signed a seven-year contract with Singapore Pools to provide sports betting products and services.
OpenBet was selected from an open Expression of Interest (EOI) exercise initiated by Singapore Pools in February 2014 to replace its ten-year-old sports betting system.
“Signing with Singapore Pools is a landmark win for OpenBet, one which affirms the company vision and direction, and our role as a global leader in major regulated gaming markets,” said OpenBet CEO Jeremy Thompson-Hill.
Founded in 1968, Singapore Pools provides legal lottery and sports betting in a secure, trusted and efficient manner to combat loss of revenue to unauthorized gambling operators, and channel the proceeds to good causes and charity.
Singapore Pools is 100 per cent owned by the Tote Board which reports to the Ministry of Finance and has a product portfolio of the lotto game TOTO, pre-printed lottery game The Singapore Sweep, numbers game 4D, as well as football and motor racing sports betting.