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Vincent Tan defends sports gambling
Published:  Jun 6, 2010 1:01 PM
Updated: 7:11 AM

Legalising sports betting in Malaysia will generate over 900 million dollars a year for government coffers, the magnate leading the controversial project said in remarks published Sunday.

The government in May granted a sports betting licence to Ascot Sports, a company controlled by influential tycoon Vincent Tan, in a bid to boost tax revenue, but the move has run into stiff opposition.

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