Tuesday, June 8, 2010

#Update:* Govt yet to issue sport betting licence

KUALA LUMPUR: The government has yet to issue a sports betting licence and it has also yet to finalise the terms of the licence to Ascot Sports Sdn Bhd, says Prime Minister Datuk Seri Najib Razak.

He said this in a written reply in Parliament on Monday, June 7.

Najib added 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".

It was earlier reported that Ascot Sports had obtained the licence to run sports betting in Malaysia, prompting strong criticism from the opposition and certain quarters concerned about the social implications of legalised sports gambling.

*For more, read Tuesday's The Edge FinancialDaily

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