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MALAYSIAN DISPUTE OVER ASCOT SPORTS LICENCE

6/9/10 - Confusion reigns in Malaysia, where businessmen, media and anti-gambling groups appear to believe that Vincent Tan’s Ascot Sports company has been awarded an online gambling licence…but the federal government says it has not.
 
Amid a growing furore over the issue of the licence, federal government spokesmen this week emphasised that politicians were considering the possibility, but have not yet issued the controversial sports betting licence and intend to consult further over the issue.
 
Prime Minister Najib Razak said the government had not finalised its discussions on the terms and conditions of the licence for Ascot Sports.
 
“The government is still getting feedback and views from various quarters on the proposed licensing for a bookmaker in Malaysia aimed at reducing and subsequently eliminating unlicensed gambling in Malaysia,” Najib said in a written reply to an opposition query.
 
Tan recently sold a 70 percent stake in Ascot Sports to the Berjaya company, in which he also has an interest, for 525 million ringgit ($160 million). Berjaya said Malaysia’s illegal sports betting market was worth up to 20 billion ringgit a year.
 
The government originally issued a sports betting licence to Ascot Sports in 1987, but it was subsequently rescinded, reports the Bernama news agency. Subsequent attempts to revive the licence failed, mainly due to opposition from Muslim anti-gambling factions.
 
The government’s repudiation of his claims to a licence has the potential to embarrass Tan, who is on record as saying that Ascot could be offering legal betting on major sporting events including football by September 2010.



Gambling News :

Live Dealer Now At Slotocash - Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.

Advantages of online slots over slot machines - The rise of online casinos means that players no longer have to leave their own house to play casino games.

Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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