Friday, February 12, 2010

Gambling and Wagering in Malaysia

Happy Chinese New Year 2010
A very important festival for Chinese is coming soon which is Chinese New Year. Gambling and wagering during Chinese New Year is quite common and always happened in Malaysia. I would like to advise those people who involve in gambling or wagering they should refrain themselves because someone participates in gambling and wagering may be will violates the Malaysian Law.

Gaming and wagering is a strictly regulated activity in Malaysia. All of the residents in Malaysia should follow the law. However, some of the gaming and wagering is permitted by licensing or exemption.

The following is a plethora of statutes that regulate gaming activity in Malaysia:
  1. Pool Betting Act
  2. Betting Act
  3. Lotteries Act
  4. Common Gaming Houses Act
  5. Racing (Totalisator Board) Act
  6. Racing Clubs (Public Sweepstakes Act)

The specialized gaming and wagering revenue collection statutes are shown as following:

  1. Gaming Tax Act
  2. Betting and Sweepstakes Duties Act
  3. (Pool betting duty collection is provided in the Pool Betting Act)
  4. (Lottery duty collection is provided in the Lotteries Act)

Furthermore, repealed statutes on gaming and wagering which are the following:

  1. Social Welfare Lotteries ActGaming
  2. Ordinance of Sabah (Cap.50)
  3. Gambling Ordinance of Sarawak (Cap.138)
There are several corporations or clubs in Malaysia that are licensed to conduct gaming and wagering which are:
  1. Tanjong plc (its subsidiary Pan Malaysian Pools S/B)
  2. Pan Malaysian Sweeps S/B
  3. Selangor Turf Club
  4. Perak Turf Club
  5. Penang Turf Club
  6. Sports Toto Malaysia Bhd
  7. Magnum 4D Berhad
  8. Sandakan Turf Club
  9. Everise Ventures S/B
  10. Royal Sabah Tuft Club
  11. Keningau Turf Club
  12. Sarawak Turf Club
  13. Natural Avenue S/B
  14. Lotteries Corporation (88) S/B

Besides that, some of the substantive management and operational matters are also relavent which are:

  1. Game branding
  2. Game design
  3. Prize payout structure
  4. Retial outlet designRules & regulations of games
  5. On-line computer vendor identification & negotiations
  6. Gaming software contract negotiations
  7. Training modules for staff
  8. Result-drawing machine vendor identification
  9. Drawing procedures
The above information is I get from a blog. This is because I think that the information is quite interesting so I want to share it with my friends. And I also have thanks for the blog's owner because he share some interesting information on his blog.

At the same time, I wish all the Chinese and non Chinese will have a nice day during the Chinese New Year celebration.

Prepared by,
Fong Yok Yan (1071120015)

Posted by at

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