Malaysia has long been a popular destination for tourists and ex-pats alike. One of its pastimes is indulging in the thrill and excitement of gambling, sometimes to the extent where they lose their entire life savings. How did this happen? What went wrong?
Now, we’ll take a look at the reasons why Malaysia used to be such a safe place to gamble and see how that ended up costing many lives. For an introduction to gambling news from around the world, check out our article “Gambling News From Around The World”.
This blog post will explore what happened with an exclusive interview held by Maxine Cawley. She is one of the founders of Trusted Casino Malaysia. Maxine Cawley has been working hard to shed light on the gambling industry, hoping that people will understand why this happened.
Before you go on reading this article, please note that the views expressed are the interviewee’s alone and do not necessarily reflect those of Lucky Lucky Casinos. For more information on Maxine Cawley, Trusted Casino Malaysia, and how they are helping people, please visit their website at the trusted casino. my.
Malaysia is popular for its wonderful beaches, sunsets, and beautiful scenery. However, Malaysia is also popular for something else – gambling. It has earned the nickname of “Internet Casino of South East Asia” and “East Asian Macau”. But what caused Malaysia to be such a haven for gambling? Gambling was introduced to Malaysia in the 1980s, with traditional forms of gambling such as poker and mahjong being an important part of the country’s economy. In 1991, internet gambling began to flourish after casino games were made available over the internet.
In 1998, Malaysia enacted a law that all games of chance should only be operated by licensed gambling operators. This regulation gave a number of companies a monopoly on online gaming in Malaysia.
In 2001, the government decided that Internet gaming was undermining the health and social status of Malaysians and decided to ban Internet gaming in an attempt to improve cyber security for Malaysians.
Since the gambling industry is so heavily regulated in Malaysia, only licensed betting facilities are allowed to operate online gaming. These casinos are required to be certified by the Malaysian government before they can operate in the country. Furthermore, these casinos must be Singapore-approved and evaluated by an international game testing agency.
Malaysia’s gambling scene was not always so regulated. Prior to 1998, there were about 40 online gaming companies that had been operating illegally in Malaysia for many years. These companies operate under various business names such as InterFinance (IFC), Online Betting (OUB), Online Gambling (OOUG), Online Poker Marketing (OPM).
Many of these companies were founded by local Malaysian nationals and had stocked their online gaming programs with odds and spreads similar to those found in traditional offline gaming sites. Some of these companies even had a presence on the more popular online gaming websites such as Poker Stars and 888Poker. However, others operated under fake names such as 888.com and 7777.com, which were registered in offshore locations such as Singapore and the Cayman Islands. This is why some people started calling Malaysia “Internet Casino of the South East Asia”.
In 2010, four more companies emerged that operated illegally under the name Microgaming Malaysia (MGI). They were said to have been endorsed by the former Malaysian prime minister, Najib Razak. These four companies had the official seal of approval from the Malaysian government which allowed them to operate online gaming sites in Malaysia with Microgaming software.
In 2012, one of the four companies called Gclub (Genting Casino Malaysia) announced that it was creating a new e-gaming site called 888.com.my. The company was issued a license by The Lotteries and Gaming Board (LCB) and was issued a license to operate in the United Kingdom and Ireland at the same time.