Without a current and legitimate gaming license, it is illegal to run any kind of gambling operation.
With Covid-19 at bay, Malaysia’s tourism is starting to boom again, and this is leading to an all-new growth in the concern around Malaysia’s gambling industry along with rethinking tourism for a Post-Covid recovery.
A look at Malaysia’s gambling laws
Betting Act of 1953, Common Gaming House Act of 1953, and Shariah law all have a significant bearing on gaming restrictions in Malaysia. Among them, the most consequential is the Betting Act of 1953, which has undergone several amendments since its inception. This regulation protects wagers sent by clients to bookmakers through phone, fax, internet, or any other electronic means..
Without a current and legitimate gaming license, it is illegal to run any kind of gambling operation. Anyone found operating or present in a gambling institution is subject to a maximum penalty of RM200,000 and 5 years in prison under this Act. The Betting Act only covers sports betting, whereas the Common Gambling Houses Act of 1953 (as modified) covers a wider range of gambling activities and venues (Source: https://augustafreepress.com/malaysia/casino/trusted-online-casinos/).
In the proposed 2020 budget for Malaysia, the Minister of Economy has called for increased penalties for both illegal gamblers and illegal gaming businesses. For anyone caught engaging in illicit gambling, the maximum fine has doubled from RM5,000 to RM100,000, and a six-month obligatory minimum jail term has been set.
Sharia law and Sharia courts are recognized in Malaysia since Islam is the dominant religion there. Sharia law is not the law for individuals who are not Malay. The act of gambling is forbidden under Islamic law.
Key to gambling
Foreigners And Christians on vacation in Malaysia may gamble freely. However, despite this, gambling is not as widespread in Malaysia as it is in other countries. Slot machines are a rarity, and casinos are only found in high-traffic areas. In this country, you won’t find any bookmakers. Due to the country’s large Muslim population, it is against the law for any individual or business to run a gambling operation inside Malaysia. However, unless they adhere to Islamic Law, many Malaysian gamblers may freely utilize several offshore gaming websites.
Gamblers in Malaysia have access to a plethora of offshore providers for everything from sports betting to slot machines, bingo, and baccarat, but only a percentage of the population makes use of these opportunities. It’s generally accepted that a significant portion of gambling activity takes place behind the law. The few official lotteries bring in just 40% of the money that the illicit ones do.
- Where To Gamble
- Sky Casino
- Casino De Genting
- Resort World Genting
- Genting Casino
- Penang Turf Club
Methods of payment
When playing online games for real money in Malaysia, you may encounter some hiccups in the transaction procedure. American consumers still like paying with cash. Digital, cash payments present a few further challenges.
Making monetary deals through the Internet and direct banking channels is standard procedure in Malaysia. If your bank allows it, you may use a direct bank transfer to deposit funds into an account at one of the many Malaysian online gambling sites. If your bank does not support online transactions, you may still use a 3rd party payment processor.
In addition, it is uncommon for customers to pay using Visa or MasterCard debit or credit cards via the Internet.
Gamblers in Malaysia now have a reliable alternative to bank transfers when it comes to Bitcoin casinos. You may go on using cryptocurrency exchanges without their involvement provided you do not use them. Bets placed with Bitcoins in a casino or sportsbook may be cashed out in Bitcoin, which can then be converted back into Malaysian ringgits and used for further purchases.
Most people assume that since overseas casinos aren’t governed by any one country or state, they are unsafe to play at. However, the opposite is true. However, while being aware of the presence of black markets, Malaysia does not officially permit any casino or online casino to function from Malaysia. That goes for land-based and online gambling halls alike. The best and safest option here is to make use of verified offshore sites. In order to guarantee that their consumers are treated fairly, many overseas sites are regulated by higher authority sites like the MGA or UKGC. Even though a location is situated offshore, that does not imply it lacks a governing authority.
In the same way that it is intriguing to study the origins of Malaysia’s gaming sector, it is fascinating to discover the history of the Bahamian Islands via the country’s colonial architecture. Gambling enthusiasts could still consider making Malaysia their next vacation spot. You’ll need to look for offshore gambling sites if you want to wager in person outside of the major tourist spots near Malaysia.
TravelDailyNews Asia-Pacific editorial team has an experience of over 35 years in B2B travel journalism as well as in tourism & hospitality marketing and communications.