SISTIC fined $989,000 for abusing dominant position By Esther Ng | Posted: 04 June 2010 1052 hrs
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SINGAPORE : SISTIC has been fined $989,000 for abuse of dominant position by Singapore's competitive watchdog.
The infringement concerns the ticketing services market in Singapore.
The Esplanade and Singapore Indoor Stadium and 17 other event promoters who are required to use SISTIC exclusively, capture 85-95 per cent of the market, leaving ticket buyers with no choice but to buy through SISTIC. - CNA/jy
