Singapore Pools taps OpenBet for new sports betting site; Vietnam drags its heels

Online sports betting could become a legal reality for Singapore residents by next summer.

Singapore residents were left without a proper online betting outlet after the city-state’s harsh new Remote Gambling Act (RGA) took effect this February. While the RGA resulted in hundreds of online sports betting sites being blocked, local online operators who devote significant portions of their revenue to charitable and social causes were given a six-month window in which to apply for exemptions to the online ban.

On Tuesday, the Straits Times reported that sports lottery operator Singapore Pools and horseracing betting operator Singapore Turf Club had each submitted applications to offer proper online betting options to local residents.

Singapore Pools has been mulling the idea of a wholesale revamp of its online betting site for some time but the company has now confirmed that it has tapped UK betting technology specialists OpenBet to take charge of its new website at an estimated cost of $10m. An OpenBet team will reportedly arrive in Singapore next week to conduct workshops on how the site will work.