Online Gambling in Malaysia; loud noises but no real action

    Published in: Latest IntelligenceThe current government ordered crackdown on illegal gambling in Malaysia is more about rhetoric and internal politics than about a real desire to stop Malaysians gambling offshore, informed observers in Kuala Lumpur say. The Attorney General has ordered a review of the Common Gaming Houses Act 1953, one of the main laws restricting gambling, because the Act does not cover betting through the internet. However a gambling company director in Kuala Lumpur discounted fears that the government genuinely wanted to eliminate offshore gambling. “The AG has to be seen to be doing something,” he told AGB, “but it won’t really change anything, because many Malaysians already have funds offshore. Even without funds overseas, it is not difficult to gamble using Malaysian currency as the offshore sites accept credit and debit cards and the banking system does not block transactions”. Malaysians need prior approval before remitting funds abroad, but “as long...

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