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The chief minister also discouraged the folks from betting in the coming Fifa World Cup 2010, which starts on Friday. The chief minister careworn that allowing the folks to turn into playing addicts would contribute to grave consequences, both to themselves and their households. Taib mentioned it might be unhappy to see families suffer if the state allowed its people to be hooked on playing. But the licence renewal approval was revoked on Oct 5, 2010 and the security deposit of RM10 million, in the form of financial institution assure, was returned entirely to Ascot Sports, said MoF.

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I have personally seen poor households damaged up endure as a end result of the mother and father waste their hard-earned cash on gambling, as an alternative of for the welfare of their kids. On tips on how to reign within the lucrative illegal betting industry, Lim stated the one answer is through enforcement. Its mission is to get the 25-year-old Professional and Amateur Sports Protection Act repealed and curb an illegal market that’s currently conservatively estimated to be worth about $150 billion.

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