Monday, May 17, 2010

Ascot gets sports betting licence

2010/05/12 nst KUALA LUMPUR: The Finance Ministry has issued a sports betting licence to Tan Sri Vincent Tan's Ascot Sports Sdn Bhd, Malaysia's first legalised sports betting operation.

According to a statement from Berjaya Corporation Bhd (BCorp), of which Tan is chairman and chief executive officer, Ascot Sports was first granted a sports betting license (also known as a "bookie" licence) in 1987 and had commenced operations offering off-course horse racing bets.

It had to shortly thereafter surrender the licence on condition that the Government grant Ascot Sports the “first-right-of-refusal” should the Government decide to issue sports betting license in the future. 

Ascot Sport’s plan is to launch products based on internationally popular sporting events such as soccer, basketball, motor racing, tennis, and golf. For a start, Ascot Sports will offer their products via 220 selected Sports Toto outlets in West Malaysia. 

"Ascot Sports will also offer telephone betting convenience and only adults above 21 years old and non-Muslims will be allowed to open a telephone betting account. Muslims are strictly prohibited from betting with Ascot Sports," the statement added….

Ulasan: Sampai hatimu Menteri Kewangan menghalalkan judi yang telah di haramkan Allah SWT.

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