Singapore Pools Pte Ltd

• Lowclassman

  4 Dec 06, 18:24

  Hi Everybody,
  
  Does anyone knows the Company Profile, its' chairman, CEO and directors or substantial share holders of Singapore Pools Pte Ltd?
  
  Thanks
• Lowclassman

  4 Dec 06, 19:22

  Anyone???????????????????????????????
• maurizio13

  4 Dec 06, 19:43

  Originally posted by Lowclassman:

  Hi Everybody,
  
  Does anyone knows the Company Profile, its' chairman, CEO and directors or substantial share holders of Singapore Pools Pte Ltd?
  
  Thanks

  http://www.singtote.gov.sg/intro.html
• miserable

  4 Dec 06, 20:30

  I might be wrong, I think is Ah Beng, Ah Seng with main shareholder Ah Long.
• Lowclassman

  5 Dec 06, 09:09

  Originally posted by maurizio13:

  http://www.singtote.gov.sg/intro.html

  Board Members
  
  Chairman Mr Bobby Chin
  
  Members
  
  Mr KOH Yong Guan Chairman - Central Provident Fund Board
  
  Mr KOH Choon Hui - Chairman & Managing Director Roche Singapore Pte Ltd
  
  Mr CHEAH Kim Teck - Chief Executive Officer - Group Motor Operations
  
  Jardine Cycle & Carriage Ltd
  
  Mr Ravi MENON - Deputy Secretary (Policy) Ministry of Finance
  
  Mr Bernard CHEN Tien Lap - Chairman CISCO Security Pte Ltd
  
  Mr NIAM Chiang Meng - Permanent Secretary Ministry of Community Development, Youth and Sports
  
  Mrs Theresa FOO - Chairman & Senior Advisor BNP Paribas Peregrine (Singapore) Ltd
  
  Dr TAN Chin Nam - Permanent Secretary Ministry of Information, Communications and the Arts
  
  Wow...all ka kee lang
  -------------------------What does member mean and how much they are paid?
  
  Last updated on 28 November 2006
  This site requires Internet Explorer 5.5 and above. Best viewed at 800x600 resolution
  
  Privacy Statement | Terms of Use © 2005 Government of Singapore
  
  
• dragg

  5 Dec 06, 09:09

  Originally posted by Lowclassman:

  Hi Everybody,
  
  Does anyone knows the Company Profile, its' chairman, CEO and directors or substantial share holders of Singapore Pools Pte Ltd?
  
  Thanks

  pools is govt owned. no other shareholders.
• Lowclassman

  5 Dec 06, 09:13

  Originally posted by dragg:

  pools is govt owned. no other shareholders.

  So...where does the $$$$$ go to?
• miserable

  5 Dec 06, 09:16

  Originally posted by Lowclassman:

  So...where does the $$$$$ go to?

  Errr......Ah Long ???
• mistyblue

  5 Dec 06, 09:33

  singaporeans are constantly donating to the pockets of the government.
  the govt takes quite a big cut of the tickets sales. The winnings we get are only a small percentage. so after I know this, I stopped buying 4D cause the chances of winning is low. The only thing is did was to return more money to the govt.
• dragg

  5 Dec 06, 09:37

  Originally posted by Lowclassman:

  So...where does the $$$$$ go to?

  1-2 hundred million goes to charity. the rest of course to the govt account.
  
  its at least 4 billion per year.
• mistyblue

  5 Dec 06, 10:14

  Originally posted by dragg:

  1-2 hundred million goes to charity. the rest of course to the govt account.
  
  its at least 4 billion per year.

  many eons ago, I heard from a ex-colleague, the returns for 1 day at the horse racing is 70+ million (Now its Wed, Sat, Sun -> 3 days). I cannot recall if I heard wrong. 30-40% (maybe more) goes to govt. the turf club takes about 10-20% (or more) and the rest are returned to the people as winnings. But this is horse racing. Then adding Toto, 4D. Its more than 70mil.
  
  So you think is only 4 billion/yr?
• dragg

  5 Dec 06, 10:16

  Originally posted by mistyblue:

  many eons ago, I heard from a ex-colleague, the returns for 1 day at the horse racing is 70+ million (Now its Wed, Sat, Sun -> 3 days). I cannot recall if I heard wrong. 30-40% (maybe more) goes to govt. the turf club takes about 10-20% (or more) and the rest are returned to the people as winnings. But this is horse racing. Then adding Toto, 4D. Its more than 70mil.
  
  So you think is only 4 billion/yr?

  its two different account.
  
  horse racing is under turf club.
  
  singapore pools alone netted 4 billion. that excludes the profit of turf club.
  
  
• maurizio13

  5 Dec 06, 10:41

  Originally posted by mistyblue:

  singaporeans are constantly donating to the pockets of the government.
  the govt takes quite a big cut of the tickets sales. The winnings we get are only a small percentage. so after I know this, I stopped buying 4D cause the chances of winning is low. The only thing is did was to return more money to the govt.

  In a fair gamble, like the toss of a coin, if you buy $1 heads, the payout should be $2, which means if you buy both heads and tails to win at $2, the toss of the coin resulting in heads would mean they pay you $2, resulting in neither gain or loss.
  
  In a game of 4D, say you buy all the possible number of combinations from 0000 to 9999 (10,000 combinations all Big bets), which cost like $10,000. When you strike all the numbers, you will only get like
  
  1st Prize----: $2,000
  2nd Prize---: $1,000
  3rd Prize-----: $ 490
  Starter-------: $2,500 (10 prize of $250)
  Consolation-: $ 600 (10 prize of $60)
  ==================
  Total Prize : $6,590
  ==================
  
  You pay $10,000 for all the bets, but only get back $6,590.
  
  This is like playing a game of coin toss, where you pay $1 for a bet, when you win they will only pay you $1.318 instead of $2.
  
  Only get back 65.9% instead of getting back 100%!!!
  
  It's a negative sum game!!!