Wednesday, May 12, 2010

Malaysia Sports Betting License Issued to Vincent Tan

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The football betting licenses were issued to Berjaya Group boss, Vincent Tan, Ascot Sports Sdn Bhd company. The sports betting licenses was granted in  the year of 1987 and stopped in 1990, and further reissued in 2003 but were taken back again after a year. This licenses included with several conditions. Ascot Sports can only operate in only 200 of the 680 Sport Toto outlets in non-Muslim areas in major towns and online betting are banned. But telephone betting may provided to those who registered. these outlets would also be required to put up notices that only adult non-Muslims would be allowed to place bets. As for now, the gainers from sports or football betting are the illegal bookies. The unofficial estimates that Malaysians place RM20bil in bets a year with local illegal and offshore bookmakers.

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