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Things of laws of online betting Malaysia|en

  • Things of laws of online betting Malaysia
    [ 12-12-2016 ]
    Things of laws of online betting Malaysia
    Malaysia has emerged as one of the most financially robust coutries in Southeast Asia since becoming a free nation in the late 1950s. Online betting is a tricky prospect in Malaysia, as the largely Muslim country has very strict betting laws that render gaming essentially illegal, although there are some choices to be found. The key markets and gameing kinds are in the country.

    The legal landscape for betting online

    Following the Gambling Act of 1953, 'common gambling houses' are illegal in Malaysia, so anybody operating as a sports bookmaker or found gambling in one is breaking the law. Nevertheless, certain forms of betting are legal in the country - the Lotteries Act 1952 allows lotteries to be run, whilt the Racing Act 1961 permits gambling on horse racing, but only at a physical race course. Other than that, the only other legal betting venue in the country is the Genting Highlands Resort (more on that below). The Sharia law prevents Muslims from helding religious grounds.

    The status of online betting Malaysia is less clear-cut. There are no specific references to online betting in the Betting Act. No relevant amendment has yet been made, hence the market remains largely unregulated. That said, the state does not issue licences for online casinos, and tries to hinder citizens' access to foreign websites by instructing banks not to sanction transfers to overseas online one. Internet cafés across the country have become hubs for illegal online and land-based betting venues, and calls for legalisation have become increasingly popular to combat the proliferation of such crime. Nevertheless, the ambiguous legislation around online betting site on the internet means that many Malaysians bet online without any trouble. Hence, some of the world's biggest online bookmakers and casinos happily accept gamblers from Malaysia.

    Popular markets for online betting Malaysia

    Badminton is probably the sport that Malaysia has had most well-known in. But football is the most common game in the country with people of all ages. Much of the money deposited at online bookmakers is on football tounaments in the country’s domestic Super League. Beyond betting on football, legal gambling at horse races is also common among non-Muslim citizens. The only legal, land-based casino in Malaysia is the aforementioned Genting Highlands Casino, which houses the Casino de Genting. Created 6,100ft above sea in the Titiwangsa Mountain Range. The ‘Fun City Above The Clouds’ is far from the other casinos, and its unique setting makes it a must-see for those visiting the nation. Coaches from Kuala Lumpur can get everyone there within an hour. Hence it’s not as out-of-the-way as it might initially seem, and the adjacent theme park and hotels mean that bettors won’t get bored if they feel like taking a break from the games. Of course, not everybody can head to a mountain resort as they want to bet. And while there are no corporation operating from within Malaysia, there are other online betting choices based overseas.
Regulatory Agencies & Partners