Singapore Pools and UK Tote agree commingling pools deal

The UK Tote Group and Singapore Pools have entered into a new agreement to commingle pools on British racing.

The agreement sees both organisations combine liquidity with customers of Singapore Pools betting into the UK Tote’s pools on British racing meetings.

“We are delighted to collaborate with the UK Tote on this new front, which not only provides our customers access to larger pools but also contributes to British horseracing which have been telecasted in Singapore since 2010,” said Singapore Pools chief product officer Simon Leong. “We deeply appreciate our longstanding partnership with British racing and look forward to further strengthening the communal horseracing ties shared between us.”

UK Tote Group international chief commercial officer Jon Knapman commented: “This is a really positive development and we’re pleased to have the opportunity to collaborate with colleagues at Singapore Pools to ensure bigger pools for all our customers.

“We will continue to cooperate and commingle with our international pool betting partners to ensure bigger, more unified pools on our racing. We’d like to thank all involved who contributed to this new agreement.”

The agreement was made in partnership with Arena Racing Company and Racecourse Media Group (RMG) as the media rights holders for British racing’s 59 racecourses.

“Singapore Pools have been a long-standing partner of British and Irish racing, having hosted local pools for over 15 years,” added RMG chief commercial officer Nick Mills. “This is a great example of British racing working together and we are delighted to work with all parties to facilitate commingling into the UKTG and therefore provide greater liquidity, which will see benefits to all.” 

Horse racing is set to end in Singapore after 180 years as the land on which Kranji racecourse sits will be handed back to the government for redevelopment. The Singapore Turf Club (STC) will host its last race meeting on 5 October.