Gaming: Najib says no sports betting licence yet for Ascot Sports
The finance minister has yet to issue a sports betting licence to Ascot Sports Sdn Bhd and is in the midst of discussing the licence’s terms and conditions, Prime Minister Datuk Seri Najib Razak said. The government was still obtaining feedback from various quarters on the proposal to license sports betting in Malaysia “with the view of reducing and subsequently
eradicating unlicensed betting in Malaysia”. (Financial DAILY)
announcement to SC on 12.5.2010
The Minister of Finance has given its approval for the re-issuance to Ascot of the licence
to carry out sports betting operations upon certain terms and conditions.
Ascot proposes to commence its sports betting operation in the 2nd half of the year 2010
with its retail betting operations being housed at 220 selected Sports Toto outlets, subject
to relevant approvals being obtained. In addition, Ascot also proposes to provide
telephone betting services to customers who wish to register accounts with them. The
primary focus of Ascot will be on sports betting on soccer games in the initial stages with
the aim of increasing their product service offering to other sports in the future subject to
the terms and conditions of the licence.
1 day ago