SISTIC fined $989,000

• QX179R

  4 Jun 10, 14:40

  TICKETING company Sistic has been slapped with a $989,000 fine for abusing its position as the dominant player in the ticketing market.

  The decision by the Competition Commission of Singapore requires Sistic to remove all clauses on exclusive tie-ups and to amend their contracts.

  Sistic has been rapped for exclusive agreements with 19 partners, including Esplanade and Singapore Indoor Stadium. This was the first case of abuse of dominant position.

  --ST

   

  Expired thread http://www.sgforums.com/forums/3317/topics/384982

• jgho83

  5 Jun 10, 05:13

  they deserved it!

  dont like their services at all.

• ditzy

  5 Jun 10, 05:32

  Wow, that is a hefty fine.

• -StarDust-

  5 Jun 10, 10:54

  The fine is so big.

• TehJarVu

  5 Jun 10, 11:35

  got wrong meh?
  do so long oredi

• ditzy

  5 Jun 10, 11:41

  Originally posted by TehJarVu:

  got wrong meh?
  do so long oredi

  You're not in the money making business, aiyah you dunno such things one lar.

• dangerboi

  5 Jun 10, 13:15

  Originally posted by ditzy:

  You're not in the money making business, aiyah you dunno such things one lar.

  

• Bus&Soccer l0v3r (VO3x 1)

  5 Jun 10, 13:26

  nice nearly to 1m

• Iskulniche

  9 Jun 10, 10:32

  Given SISTIC being fined, so hat will happen next? Are they going to operate  still?

• ditzy

  9 Jun 10, 20:33

  Originally posted by Iskulniche:

  Given SISTIC being fined, so hat will happen next? Are they going to operate  still?

  If you had read the follow up report on this case, that fine barely makes up 10% of their profits last year.