BUSINESS

Ascot gears up for a return to sports betting in Malaysia

TAGs: ascot sports, malaysia

BerjayaFlagNow that Malaysia’s government has finally bowed to the inevitable by allowing legal sports betting, Berjaya Corp. has announced it will purchase 70% of Ascot Sports, the company that had twice before been issued a Malaysian sports betting license, only to have it revoked each time the government got cold feet. Ascot had retained a right of first refusal for the day when the government’s feet warmed back up, and now they will be able to offer sports bets in 200 Sports Toto shops (in non-Muslim areas) as well as telephone (but not online) betting. Wonder if Ascot will offer an over/under wager on how long it will be before Malaysian authorities lose their nerve and revoke Ascot’s license again… Read more.

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