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MALAYSIAN MINISTER PROPOSES GAMBLING LICENSING BODY
6/24/10 - In Malaysia, which is struggling to contain the high demand for gambling services by its citizens in spite of extensive police action, the Information, Communication and Culture Minister has opined that the best way to counter illegal gambling is to set up a structure to license and control it.
The Business Times reports that Datuk Seri Dr Rais Yatim has proposed the formation of a government commission to monitor and control licensed gambling in the country.
He said the commission could help the government regulate and reduce illegal gambling activities where bets reported to be worth RM10 billion a year are being made on illegal sites.
"If the gaming licence can be implemented correctly according to certain rules, we will be able to curb illegal gambling," the minister told a visiting delegation from the Indonesian Journalists Association in Kuala Lumpur Wednesday.
"It should be regulated... it should not be the subject of discrimination. We need to be objective and identify the social rights of non-Muslims [to gamble] in the country," he said.
In recent times the subject of licensed gambling has come into sharp focus following discussions on the possibility, with anti-gambling groups and mainly Muslim religious bodies opposing the idea.
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Gambling News :
Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
NYX Gaming in deal with Endemol -
"Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”
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After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
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