Seven-year contract signed
UK software provider Openbet has confirmed Asian reports yesterday that it has been contracted in a seven year deal to provide sports betting products and services to Singapore Pools.
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," said OpenBet CEO Jeremy Thompson-Hill.
Founded in 1968, Singapore Pools provides legal lottery and sports betting in a secure and efficient manner to combat loss of revenue to unauthorised gambling operators, and channel the proceeds to good causes and charity.
Singapore Pools is 100 percent owned by the Tote Board which reports to the Singapore Ministry of Finance; the company recently applied to be exempted from the city-state's recently introduced blanket ban on remote gambling (see previous InfoPowa reports).
Online Casino News Courtesy of Infopowa