Vincent Tan defends sports gambling

Modified 6 Jun 2010, 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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