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
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