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Ascot Sport Loses Out

The Malaysian government has just announced that it will no longer considering legalizing sports betting in the country because of fears that the industry would corrupt the youth of the country. The fears are actually mostly unfounded based on international research into online casino gambling and betting safety, but that fact has had little actual effect on the government level discussions on the issue. Instead the Malaysian government assessed the current pulse of opinion in the country and informed Ascot Sports that it would not be receiving the planned betting license this fall as was speculated.

Vincent Tan was heading up the business and licensing arrangement between the Malaysian government and the Ascot Sports land and online casino betting site. For quite a while it really seemed as though the Malaysian officials were considering licensing betting sites into the market – it would have been a first for this country and even the region. But concerns from the largely Muslim population in the state have meant that Ascot will lose some of the company’s invested interests that were already prepping for a fall entry into Malaysia.

Some of the key debate occurring in the market right now consists of claims from sources outside of the Malaysian government claiming that Ascot Sports has already received a license to operate in the country. The Malaysian government has strongly denied these claims and the situation is at a standstill until the debate and discussions ebb a little from high that was reached in the past several weeks.