OpenBet Agrees Seven-year Contract With Singapore Pools

Jul 09, 2015, 07:12 ET from OpenBet

LONDON, July 9, 2015 /PRNewswire/ --

OpenBet, the world's leading software provider to the sports betting and gaming industry, has signed a seven-year contract with Singapore Pools to provide sports betting products and services.

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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% 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.