Gambling is a form of entertainment that is not only enjoyed by adults but also by children. When gambling becomes an addiction, it can lead to significant financial losses which can cause people to take out loans and even resort to crime in order to pay off their debts. In Malaysia, there are two types of gambling that are legal and regulated: Lottery and horse racing. Other forms of gambling such as online casino games are illegal. However, this does not stop Malaysians from accessing these sites as the country has become one of the top destinations for online casinos.
What is the Malaysian Law on Gambling?
Gambling is a popular pastime in Malaysia. The Malaysian government has set up the Malaysian Gambling Commission to regulate and monitor gambling activities in Malaysia. The commission is an agency under the Ministry of Domestic Trade, Co-operatives and Consumerism (KPDNKK). It was established on 1st July 2009 with a mandate to regulate all forms of gambling activities in Malaysia.
Malaysian Law on Online Gambling
In Malaysia, online gambling is considered a criminal offense. The Malaysian Communications and Multimedia Commission (MCMC) is the regulatory body that oversees all telecommunications and broadcasting sectors in Malaysia. It has been tasked with enforcing the country’s laws on online gambling. This includes preventing citizens from accessing websites that offer gambling services to them.
The MCMC has been working with other government agencies to tackle this issue as well as educate the public about its dangers. In October 2017, it was announced that the MCMC will be partnering with Bank Negara Malaysia to regulate and block any illegal betting websites in order to protect the public from being exposed to these sites.
Online Casinos that Offer the Best Games in Malaysia
Online casinos have been around for a long time now and they are still getting more and more popular. This is because people are starting to understand the benefits of playing casino games without having to leave their homes. There are many online casinos that offer the best games in Malaysia (referred to as online casino Malaysia) and it is up to you which one you decide to play. Online poker is becoming more and more popular in Malaysia too. This is because people can now play poker online at the same level as a person can play it live at a casino. Nowadays, many people are also opting to play poker online than going to casinos because they don’t have to leave their houses and they still get to enjoy the benefits of a casino without having to spend a lot of money. You can also play poker online at Malaysia’s largest poker site, PokerStars.
Read also: The Pros and Cons of Mobile Gambling
Malaysia Destination for Gambling
Malaysia’s geographical location is very close to Macau. Macau is located on the southeastern coast of China and has a population of 600,000 people. Macau is known as the “Gambling Capital of Asia” because it has a legal casino industry and gambling was legalized in 2002. Although there are still restrictions placed on gambling, they are not restrictive enough to stop its success.