Malaysia declares war on illegal gambling

Malaysia has launched a major crackdown on illegal gambling and this time says it will stamp out the practice for good, though some observers are less optimistic. In September, the government established a committee to tackle illegal gambling, including online activities. It said its latest crackdown would be the biggest ever and there have been some indications it has been taking its toll on companies operating in the country. U.K.-listed Playtech recently warned that its annual profits would be some 5 percent below the bottom end of market expectations, resulting in a GBP17.8 million annual loss and triggering a share slump that wiped about a fifth off its market value. Although not the only factor, the situation in Malaysia is thought to have played a part in the profit warning amidst concern another of Asia’s grey markets will turn definitively black as far as online gambling is concerned. According to analysts at...

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