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Totalisator Turnover

Declining Turnover

•

S$ 1.78 billion (2001) to S$1.41 billion
(2004),

•

Decline of about 20%

Decline in Totalisator
Turnover

Causes

•

Competition
from illegal operators operating in Singapore

and
offshore islands in a  neighbouring
country

•

Restrictions
on horse racing and inflexible taxation structure