BUSINESS

Confusion over Malaysia’s approval of Ascot Sports betting

TAGs: ascot sports, malaysia

Despite earlier reports, there appears to be some doubt as to whether Ascot Sports has or has not been granted a government license to offer legal sports betting in Malaysia. This is not only a problem for sports bettors who were hoping to place a bet on the upcoming World Cup matches, but also for Berjaya Corp., who were planning on taking a 70% stake in Ascot based on the awarding of said license. Regardless, these hiccups will no doubt play into the hands of the country’s religious fundamentalists, so look for them to be making even more apocalyptic claims now. Gambling causes cooties! Read more.

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