Online Casino Transfer: News - Malaysian PM Says He'll Reconsider

04/08/2010		Online Casino Style: News Malaysian PM says he'll Reconsider
Home History Games News Dictionary		The country of Malaysia is known for exactly one thing in the online gambling world: rampant persecution. Malaysia, far above and beyond many of its neighbors, has developed a reputation for the strictest enforcement by local police against illegal online gambling rings. Granted, the country’s laws give the police the right to find, bust and prosecute online gambling found in jurisdictions, but the fervor with which said authorities go after internet gambling rings is at the very least, impressive. So it’s surprising to learn this week that there might be a change in policy in the nation in the very near future that would provide internet gambling with at least one loophole in which to operate. According to a report made by the Bangkok Post, Prime Minister of Malaysia, Najib Razak told the New Straits Times that the government will be giving proposals to legalize sports betting a second go around, and on the double so that the passing of the new law could conceivably be achieved before the kick-off of the World Cup finals in South Africa this year. What started as only rumors now seem to be confirmed: it might be a time for change in Malaysia, known for their strict enforcement of anti-internet gambling laws. Razak was careful to point out that all that was promised was another review of the proposals, but as is so common in the industry, hope is already running rampant. "There are proposals, but we will see first," Razak was quoted as saying. The Berjaya Group, a Malaysian company that has holdings including offshore lottery and casino operations, is one of the major proponents in favor of the legalization, however limited it might be. Illegal sports betting accounts for a huge share of the action in the country, and if the government should get a cut of the millions of dollars that are filtered to foreign sites every year… it could well be worth Razak’c consideration.

04/08/2010

Online Casino Style: News
Malaysian PM says he'll Reconsider

The country of Malaysia is known for exactly one thing in the online gambling world: rampant persecution. Malaysia, far above and beyond many of its neighbors, has developed a reputation for the strictest enforcement by local police against illegal online gambling rings. Granted, the country’s laws give the police the right to find, bust and prosecute online gambling found in jurisdictions, but the fervor with which said authorities go after internet gambling rings is at the very least, impressive.

So it’s surprising to learn this week that there might be a change in policy in the nation in the very near future that would provide internet gambling with at least one loophole in which to operate. According to a report made by the Bangkok Post, Prime Minister of Malaysia, Najib Razak told the New Straits Times that the government will be giving proposals to legalize sports betting a second go around, and on the double so that the passing of the new law could conceivably be achieved before the kick-off of the World Cup finals in South Africa this year.

What started as only rumors now seem to be confirmed: it might be a time for change in Malaysia, known for their strict enforcement of anti-internet gambling laws. Razak was careful to point out that all that was promised was another review of the proposals, but as is so common in the industry, hope is already running rampant. "There are proposals, but we will see first," Razak was quoted as saying.

The Berjaya Group, a Malaysian company that has holdings including offshore lottery and casino operations, is one of the major proponents in favor of the legalization, however limited it might be. Illegal sports betting accounts for a huge share of the action in the country, and if the government should get a cut of the millions of dollars that are filtered to foreign sites every year… it could well be worth Razak’c consideration.