Malaysia has developed into one of the strongest economies in Southeast Asia. According to the Betting Act of 1953, ‘common betting houses’ are against the law in Malaysia, so any person working as a sports bookmaker or found betting in one is violating the law. However, certain forms of gambling are officially permitted in the country – the Lotteries Act 1952 allows lotteries to be run, while the Racing Act 1961 permits gambling on horse racing. Other than that, the only other authorized gambling venue in the country is the Genting Highlands Resort.
However, the significance of online betting in Malaysia is noticeably less detailed. There are no exact allusions to online betting in the Betting Act, and no appropriate revision has yet been made, so the market remains mostly free-for-all. That said, the government doesn’t issue licences for online gambling, and tries to deter citizen’s admittance to foreign sites by instructing banks not to sanction transfers to overseas online casinos.
Popular gambling activities
Football is the largely admired game in the nation, whereas Badminton is almost certainly the sport that Malaysia has had most victory in with people of all ages taking part in the sport. A large amount of the money gambled at online bookmakers is on football matches in the country’s domestic Super League, over and above in the major European divisions, predominantly the English Premier League. Beyond betting on football, legal gambling at horse races is also popular among the citizens, while Sports Toto, a four-digit lottery operative, has more or less 680 vents across the country.
The only legal, land-based casino in Malaysia is the aforementioned Genting Highlands Resort, located above sea level within the Titiwangsa Mountains, the ‘Fun City Above The Clouds’ is far-off from the customary casino, and its exclusive setting makes it a must-see for those visiting the country. Instructors from Kuala Lumpur can get visitors there in an hour, so it’s not as distant as it originally seems to be and the adjoining hotels and theme park signify that gamblers won’t get jaded if they feel like taking a break from the tables.
Of course, not everyone can head to a mountain resort when they want to gamble, and while there are no companies functioning from within Malaysia, there are other online gambling choices based out of the nation. Both the sports book and a casino were presented by Bet 365 and it not only allows Malaysian players, but also permits deposits to be made in Malaysian ringgits.