Online Casino Transfer: News - Progress in Malaysia?

06/26/2010		Online Casino Style: News Progress in Malaysia?
Home History Games News Dictionary		Though Malaysia has made itself known as a region utterly hostile to the world of internet gambling, a recent progression of sorts was made in the issuance of a license to operator to the Vincent Tan’s Ascot Sports website, a site that hosts sports betting services over the internet. It has been a decision that alerted the online gambling community not only for the sheer surprise element, but also because a number of states are adamantly protesting the license, saying that a federal license does little to impede individual states’ rights to ban online gambling. According to reports, the license to operate was granted on a federal level for the country of Malaysia, but similar to the structure in the US, states have the power to control what they will permit within their limits. The provinces of Selangor, Penang and Kedah have all declared their unwavering oppotition to any sort of internet gambling, including sports. The three regions are the most conservative, more Muslim-oriented than some of their neighbors. The federal government passed the legislation hoping that at least when it came to football, and other world-popular events, residents would have an outlet to bet legally and domestically, rather than turning to offshore online gambling sites, potentially breaking the law. It’s a useless hope, implied the chief minister for Penang this week, as Lim Guan Eng said that their state government would never permit online sports betting, intending to deny Ascot Sports a local license at all costs. "We had sent a letter to the company stating our decision and we will still stand by our decision to ban them (the company) from opening betting outlets in the state," said Eng. Vincent Tan continues to stand by his company and their pursuit of offering sports betting to Malaysian residents. He’s gone so far to sway the opposition as to offer to donate all of the profits made by the Rm 525 million sale of his share of Ascot Sports. The sale to Berjaya Corportation saw the switch of ownership for Tan’s 70 percent, though he does own a portion of Berjaya as well. The donation made would be structured to finance scholarships and interest free loans to students in Malaysia.

06/26/2010

Online Casino Style: News
Progress in Malaysia?

Though Malaysia has made itself known as a region utterly hostile to the world of internet gambling, a recent progression of sorts was made in the issuance of a license to operator to the Vincent Tan’s Ascot Sports website, a site that hosts sports betting services over the internet. It has been a decision that alerted the online gambling community not only for the sheer surprise element, but also because a number of states are adamantly protesting the license, saying that a federal license does little to impede individual states’ rights to ban online gambling.

According to reports, the license to operate was granted on a federal level for the country of Malaysia, but similar to the structure in the US, states have the power to control what they will permit within their limits. The provinces of Selangor, Penang and Kedah have all declared their unwavering oppotition to any sort of internet gambling, including sports. The three regions are the most conservative, more Muslim-oriented than some of their neighbors.

The federal government passed the legislation hoping that at least when it came to football, and other world-popular events, residents would have an outlet to bet legally and domestically, rather than turning to offshore online gambling sites, potentially breaking the law. It’s a useless hope, implied the chief minister for Penang this week, as Lim Guan Eng said that their state government would never permit online sports betting, intending to deny Ascot Sports a local license at all costs. "We had sent a letter to the company stating our decision and we will still stand by our decision to ban them (the company) from opening betting outlets in the state," said Eng.

Vincent Tan continues to stand by his company and their pursuit of offering sports betting to Malaysian residents. He’s gone so far to sway the opposition as to offer to donate all of the profits made by the Rm 525 million sale of his share of Ascot Sports. The sale to Berjaya Corportation saw the switch of ownership for Tan’s 70 percent, though he does own a portion of Berjaya as well. The donation made would be structured to finance scholarships and interest free loans to students in Malaysia.