Draft:Tote Board
Submission declined on 15 May 2024 by KylieTastic (talk).
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| Submission declined on 15 May 2024 by Grabup (talk). This submission is not adequately supported by reliable sources. Reliable sources are required so that information can be verified. If you need help with referencing, please see Referencing for beginners and Citing sources. Declined by Grabup 20 days ago. | |
Comment: All new articles on Wikipedia have to show the subject is notable (See WP:N) which in most cases requires significant coverage (WP:SIGCOV) in multiple independent (WP:INDY) reliable sources (WP:RS) KylieTastic (talk) 07:20, 15 May 2024 (UTC)
Tote Board Singapore
Introduction
The Tote Board (Singapore Totalisator Board) is a statutory board under the Ministry of Finance of the Government of Singapore. Established in 1988, the Tote Board provides funding for a wide range of social and community development projects through the collection of revenue from horse racing, sports betting, and other legal gambling activities. Its primary aim is to enhance the social fabric of Singapore through strategic grants and funding initiatives.[1]
History
The Tote Board was established on January 1, 1988, with the objective of channeling betting revenue towards charitable, social, and community causes. Tote Board took over the role of managing horse racing from the Singapore Turf Club, allowing the latter to focus solely on racing activities. Over the years, Tote Board's role expanded to include sports betting and other forms of legal gambling.
In 2004, Tote Board acquired Singapore Pools from Temasek Holdings[2], further consolidating its role in managing legal gambling activities and expanding its areas of support to include charity and sports. In 2019, as part of business rationalisation to achieve efficiencies, Singapore Pools took over the management and operations of horse betting from Singapore Turf Club, which continues to manage and operate high-quality horse racing.[3][4]
Operations
The Tote Board operates by collecting surpluses from various betting activities and allocating them to different sectors. Tote Board's key revenue sources include:[5]
- Singapore Pools: A subsidiary that offers lottery, sports betting, and horse racing services.
- Singapore Turf Club: Manages and operates horse racing in Singapore.
The revenue generated is then distributed to various sectors such as social services, education, health, arts, culture, sports, and community development.
Grantmaker
At Tote Board, the vision is about building a caring and resilient Singapore. Tote Board stewards the operating surplus from gaming revenue by supporting community-based projects for social impact. Projects that align with the following four Strategic Outcomes are prioritized:[6]
- Healthy lives and well-being
- Empowered communities
- Caring, cohesive, and resilient society
- Sustainable and liveable home
References
- ^ "Who We Are". Website. Retrieved 2024-05-15.
- ^ "Press Releases". MOF. Retrieved 2024-05-15.
- ^ "Who We Are". Website. Retrieved 2024-05-15.
- ^ Correspondent, Tan Tam MeiThailand (2018-10-29). "Singapore Pools to take over horse betting operations from next year". The Straits Times. ISSN 0585-3923. Retrieved 2024-05-15.
- ^ "FAQs". Website. Retrieved 2024-05-15.
- ^ "What Tote Board Cares About". Website. Retrieved 2024-05-15.
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