All bets are off
IT is a well known fact that punters in Malaysia are being deprived of their trips to betting shops. All bets are off, including the country’s only physical casino in Genting Highlands.
No wonder one theory is that many of these individuals have turned to the stock market to try their luck, pushing up daily trading volumes.
One significant fact that remains: with no number forecast operators (NFOs) doing any draws and with the casino closed, the government is also losing out a lot in tax collections from this sector.
Meanwhile, the world over, industries are moving quickly from offline into the online space. What would have taken a process of a few years is now happening over months. But Malaysia’s legalised NFO operators and its casino have not gone online all these years.
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