The Ministry of Home Affairs (MHA) has reminded Singapore Premier League (SPL) clubs holding permits to operate jackpot machines to remain vigilant in their operations.
This comes after The Straits Times reported on Monday that a female employee from Hougang United - one of six SPL clubs running such operations - had been charged in court for allegedly misappropriating $278,200 from their clubhouse operations.
In response to ST's queries, an MHA spokesman said: "Following the fund misappropriation case at Hougang United Football Club, MHA has reminded all permit holders to be vigilant in their overall governance, processes and procedures, including maintaining accountability and checks and balances in their financial matters."
To operate fruit machines, clubs need to be granted a permit under the Private Lotteries Act, which is to be renewed annually provided a host of conditions are met.
One such condition is that clubs are required to open and maintain a separate bank account for jackpot revenue and maintain proper accounting records in that account.
Others include applying social safeguards, such as not allowing anyone under the age of 21 to enter the fruit-machine room, and installing closed-circuit television (CCTV) cameras to provide continuous recording of activities in the room.
Permits issued to clubs may be revoked if there are breaches of any of these conditions.
Presently, six of nine SPL clubs - Hougang, Albirex Niigata, Balestier Khalsa, Geylang International, Home United and Warriors FC - run jackpot operations at their respective clubhouses.
6 of 9
Singapore Premier League clubs running jackpot operations at their clubhouses.
Depending on the size of their clubhouse operations, they can hold a few hundred thousand dollars in cash for winner payouts.
Clubs ST spoke to said that, in addition to applying MHA guidelines, they also have stringent standard operating procedures to prevent the misappropriation of cash, or detect it if it happens.
Home, who run 23 machines at their clubhouse at the Bishan Sports Hall, conduct regular audits and surprise checks on employees.
Said a club spokesman: "We have in place a stringent system of checks and balances such as two-factor authentication, segregation of duties and daily report requirement for cash management.
"These initiatives are complemented by regular audits as well as surprise checks conducted."
Balestier, who operate eight jackpot machines at the Toa Payoh Stadium next to the club's administration office, keep a comparatively small sum of cash for payouts.
"The cashier's safe has a maximum of only $10,000 for daily operations," said club chairman S. Thavaneson.
"If there is a request by the cashier for additional cash as a result of large payouts, the club general manger will issue additional cash after verifying the payouts during the day."
"All cash balances, payouts, cash book are checked and reconciled at the end of each working day by the general manager," he added.
"Any discrepancy is immediately investigated and either corrected or reported to management for further action."
ST had reported that Malaysian Tean Tai Tee, the Hougang employee who was arrested and charged in court with one count of criminal breach of trust for having allegedly misappropriated $278,200, can be jailed for up to 15 years, and fined if convicted.
Report Ad
Free Shipping Available. Buy on eBay. Money Back Guarantee!
Son Heung-min was just the player South Korea needed to really get its Asian Cup campaign going. In his first game since arriving from Tottenham, Son earned a penalty and then assisted on his team's second goal to help South Korea beat China 2-0 in Group C on Wednesday. Advertising With both
Jun 07, 2019 · The term is code for government support for home-grown corporate powerhouses as a way to give them an edge over outside competitors and create jobs, drive exports and fuel economic growth.
Continuity drives Spurs success | Sporting News
Tottenham Hotspur striker Harry Kane will be sidelined until March after suffering ankle ligament damage in Sunday's defeat against Manchester United. Kane sustained the injury to his left ankle
Tottenham's Harry Kane out until March with ankle injury
FOOTBALL NEWS:TOTTENHAM TAKE REVENGE ON ARSENAL TO REACH LEAGUE CUP SEMIS Loading… Tottenham Hotspur gained sweet revenge over north London rivals Arsenal as goals in each half by Son Heung-min and Dele Alli earned them a 2-0 win on Wednesday and a League Cup semi-final place.
Spurs take revenge on Arsenal to reach League Cup semis
Aug 02, 2017 · Neymar is set to complete a world-record move to Paris Saint-Germain worth around £450m in not happen but it seems to be more of a suggestion than a real rule. with Neymar's father.
Liverpool manager Jurgen Klopp excited by Premier League title fight Manchester City climbed to the top of the table on goal difference with victory against Everton in midweek but Liverpool's
Klopp Excited By Premier League Title Fight - channelstv.com
Napoli 0-1 (agg 0-3) Arsenal: Unai Emery's men reach Europa League semi-finals with ease Alexandre Lacazette's free-kick secured a 1-0 win over the Serie A giants and a 3-0 victory on aggregate
Napoli 0 - 1 Arsenal - Match Report & Highlights
Rosell, his wife and four others, were accused of "large-scale money laundering" of close to 20 million euros ($23 million) since 2006, relating Spain court acquits former Barcelona president of
Spain court acquits former FC Barcelona president of money
Temporary custody can be suspended at any time by the parents granting the custody. The Louisiana temporary guardianship form is a document by the minor's parent or guardian that provides another person with temporary legal guardianship to make decisions on health, educations and other aspects relating to the child.
Solskjaer: Don't call me boss, call me Ole But there is growing support for Solskjaer to be United's permanent manager. Feb 07, 2019 06:00 am. I didn't want them to call me boss."
Danny Higginbotham: Ole Gunnar Solskjaer Sack Demands Are
0 comments:
Post a Comment