The Coalition of Major Professional and Participation Sports

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    Asia, Australasia eye lost funds from offshore betting

    Governments from Singapore to New Zealand are concerned about their citizens betting offshore and are looking for ways to recapture, or replace, tax revenue and income for racing clubs and sporting bodies. In Australia, a government-appointed inquiry into offshore wagering is due to report this month. Singapore has already enacted legislation to prohibit its citizens from using offshore gambling operators, and the Malaysian government is also talking tough on the issue. At stake is the loss of finance for the nations' racing industries.