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Penang and Selangor state government had issued statement respectively that although the Federal Government (Barisan Nasional) had issued football betting licence to Ascot Sports Sdn Bhd, which owned by Berjaya Group Vincent Tan, the state government, via local authorities has the power to stop it.
Berjaya Corp Bhd has proposed to purchase 70% stake in Ascot Sports Sdn Bhd, a company owned by Vincent Tan with a cash of RM525mil. As Ascot Sports Sdn Bhd had just been approved for the sports betting licenses by Finance iinistry on January 2010. Vincent Tan is Berjaya Corp chairman, CEO and largest...
The football betting licenses were issued to Berjaya Group boss, Vincent Tan, Ascot Sports Sdn Bhd company. The sports betting licenses was granted in the year of 1987 and stopped in 1990, and further reissued in 2003 but were taken back again after a year. This licenses included with several conditions.
