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MALAYSIAN SPORTS BETTING LICENCE GRANTED

5/14/10 - Malaysian football fans will be able to bet on their favourite international teams, although not on the World Cup, following a relaxation in the country’s strict anti-gambling laws this week.
 
The Finance Ministry has granted Vincent Tan’s Ascot Sports (see previous InfoPowa report) a licence to offer betting on sports such as soccer, basketball, motor racing, tennis and golf. Unfortunately, the more enlightened approach comes too late for the licensee to offer World Cup wagering.
 
The notification was made by Tan's Berjaya Corp., which is buying 70 percent of Ascot for 525 million ringgit ($163 million).
 
The Bernama news agency reports that gambling is a sensitive political issue in Malaysia, where ethnic Malay Muslims comprise nearly two-thirds of the country's 28 million people. Non-Muslim minorities, mainly ethnic Chinese and Indians, are allowed to purchase lotteries and bet on horse races, but betting on other sports has been illegal.
 
Industry officials estimate illegal sports betting in Malaysia could total 20 billion ringgit ($6.2 billion) every year, with soccer betting accounting for about 90 percent.
 
"This represents a tremendous loss of tax revenue to the government, which Ascot Sports hopes to be able to mitigate," Berjaya's statement said.
 
Ascot is likely to launch the betting services by August, not in time for next month's start of the FIFA World Cup in South Africa, a Berjaya official said.
 
The service will be offered through selected outlets and by telephone for non-Muslims aged above 21, according to the Berjaya statement. The official said Ascot might seek approval to offer online betting, in which it has experience from its European venture some years ago.
 
The Federation of Malaysian Consumer Associations has slammed the move, saying it was the government's responsibility to stop gambling rather than benefit from it.
 
"It will encourage people to gamble, and this will cause other problems," such as illegal money lending to pay off debts, more crime and possibly suicides, spokesman Mohamad Yusof Abdul Rahman said.
 
OSK Research has estimated a potential legal sports betting market of RM6.4 billion to RM7.7 billion in Malaysia, or 0.5 percent to 0.6 per cent of gross domestic product.
 
"This is premised on smaller potential sports betting captive market [due to religious restraints] and lower disposable income versus Singapore," it said in its research report.
 
OSK said illegal operators, who were not subject to tax, would have a significant advantage over the legal operators in offering more favourable odds.
 
"This, coupled with the all-important credit facilities granted by the illegal operators (and not the legal operators), suggests that the initial upside for the legal sports betting operators may have to be in the form of lower-yielding marginal gamblers and the RM7 billion legal market estimate may be a longer term target," it said.



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Alegriabet Finally Launches - Our online betting site will deliver a full, market-leading suite of services including pre-match and live betting as well as virtual sports

International Table Tennis Federation in deal with Sportradar. - The International Table Tennis Federation (ITTF) has today announced it has signed a brand-new integrity partnership with Sportradar utilising the organisation’s world-leading monitoring, intelligence and prevention solutions to help safeguard the sport against match fixing.

NBA odds on Thunder vs. Pacers Game? - This Wednesday night in Indianapolis, Paul George is due to play his first game at the Fieldhouse as a member of the Oklahoma City Thunder (12-13 SU, 8-17 ATS). But George might not face the Indiana Pacers (15-11 SU, 16-10 ATS); he’s listed as day-to-day with a right calf contusion. Tip-off is at 7 PM ET on ESPN.

2 New Christmas Slots For Microgaming - Microgaming’s jolly game additions this December. Microgaming adds two more games to kick off the festive season, in addition to its action-packed Highlander online slot.

SportsBetting Supreme Court Showdown - Sports Law, Betting and Integrity leaders convene to preview Supreme Court Showdown. Thought leaders weigh in on Christie vs. NCAA (which in January will shift to Murphy vs. NCAA)

Mega Moolah Progressive Slot Pays Again - On 15 November 2017, the Mega Moolah jackpot was won by a Grand Mondial Casino player. They took home €938,306.35.

Microgame S.p.A. in deal with Prima Networks - Prima Networks, powered by Microgaming, has signed a deal with Microgame S.p.A., the leading Italian gaming service provider.

NBA Odds: Heat Can Burn Cavaliers in Cleveland - The Cleveland Cavaliers (12-7 SU, 6-12-1 ATS) may have turned their season around, but they’ve got a challenging matchup this Tuesday against the Miami Heat (9-9 SU, 7-9-2 ATS), tipping off at 7 PM ET on NBA-TV. Miami is 7-4 SU and 6-5 ATS against the Cavs since LeBron James went back to Cleveland in 2014.

Games Concept Day in Malta - The Quickfire Games Concept Day is the second full-day workshop to date, the first being held in Gibraltar in July.

AFC’s fight against match-fixing - The Asian Football Confederation (AFC) has introduced a new AFC integrity mobile application, which will enable fans, players and officials to report possible suspicious activities or provide information concerning match-fixing or corruption to the AFC Integrity Unit.

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